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Industry & Trade
Egypt’s textile, cotton sector upgrade costs $1.3 billion – minister
Egypt’s Public Enterprise Minister Hisham Tawfik said it would take 21 billion Egyptian pounds ($1.3 billion) to…
Egypt reports 38.2% growth in Japanese tourism – minister
The number of Japanese tourists visiting Egypt rose 38.2 percent during the first nine months of 2019, Tourism…
U.S., China are ‘close to finalizing’ part of a Phase One trade deal
U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone…
Egypt, Djibouti in talks over establishing major logistical zone
Egypt and Djibouti are in talks over establishing a mega logistical zone that would help boosting intra-African…
Eni unveils new oil discovery in Egypt’s Gulf of Suez
Eni announced on Friday the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of…
Fitch Solutions: Egypt’s GDP growth likely to reach 5.7% in FY20
Fitch Solutions expected that Egypt’s real GDP growth to remain strong in the near term, at 5.7 percent in the…
Malaysian oil, gas investments in Egypt hit $9 billion – envoy
Malaysian investments in Egypt’s oil and gas sector are currently worth around $9 billion, said Malaysia’s…
Eni buys 70% of Edison stake in Egypt’s Habi offshore gas concession
Italian energy giant Eni has purchased 70 percent of Edison’s stake in Block 12 of the offshore Habi gas concession…
Egypt’s Qalaa Holdings plans IPOs of two subsidiaries in 2020
Egypt’s Qalaa Holdings, one of the country’s largest investment companies, will offer shares of two of its…
China’s Hebei considers building iron plant in Egypt’s Ain Sokhna
Hebei Steel Group, China’s biggest steelmaker by output, is considering building an iron plant in Egypt’s Red Sea…