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Industry & Trade
Mercosur-Egypt trade exchange 1.9% up in 2018
Egypt’s trade exchange with the Mercosur bloc of South American countries rose 1.9 percent year-on-year to $4.461…
China’s economy slowdown deepens; industrial output growth falls to 17.5 year low
The slowdown in China’s economy deepened in August, with growth in industrial production at its weakest 17-1/2…
Saudi Aramco set to restore one-third of lost oil output by Monday
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone…
U.S. assigns additional $16.5mn to support Egypt’s education, agribusiness
The United States has allocated an additional $16.5 million to support joint US-Egypt priorities in basic education…
Egyptians brace for 10-15% increase in winter clothing prices
Winter clothing in Egypt is set to soar 10-15 percent during the upcoming season, Yehia el Zananiri, head of the…
EU mulls new €10 mln trade programme to Egypt
The European Union is in talks on a new trade programme agreement with the Egyptian Ministry of Trade, a senior…
Egypt is Brazil’s 11-largest importer – minister Tereza Cristina
Egypt is Brazil’s 11-largest importer, receiving exports worth $2.1 billion in 2018, Brazilian Agriculture Minister…
U.S, European regulators reviewing safety of heartburn drugs like Zantac
U.S. and European drug regulators said on Friday they are reviewing the safety of the widely taken heartburn drug…
German Siemens, Egypt’s Orascom sign deal to rebuild Iraq power plant
Siemens and Orascom Construction signed an agreement on Saturday with the Iraqi government to rebuild two power…
Saudi oil facilities attacks knock out half the kingdom’s supply
Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on…