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Industry & Trade
Canal Sugar to set up grains terminal in Egypt’s Damietta port
Canal Sugar, owned by UAE’s Al Khaleej Sugar Refinery, is planning to build a pier and grains terminal in the…
BP Q2 profit surpasses expectations, lifted by higher oil output
A strong increase in oil and gas production helped BP offset weaker crude prices and refining profit to beat…
Oil Ministry not notified about Dana Gas’ Egypt asset sale plans
Egypt’s Ministry of Petroleum has not been notified of Abu Dhabi-listed energy producer Dana Gas’ plans to sell its…
Israel, Egypt mull LNG plant for Asian exports in Sinai
Building such a facility on the Red Sea shore for liquid natural gas (LNG) exports would cost $10-15 billion.
Japan’s retail sales 0.5% up in June
Japanese retail sales rose 0.5% in June from a year earlier, government data showed on Monday, compared with the…
Egypt on track to execute solar power plants in seven African states
As part of its commitment to help the continent in its development process, Egypt has begun the implementation of…
China’s companies planning for trade, investment potentials in Egypt
China's Council for Promoting South-South Cooperation (CPSSC) seeks to explore trade and investment cooperation…
Egypt’s Arab Engineering Industries H1 net profit rises 41%
Egypt's Arab Engineering Industries reported a 40.9 percent increase in its net profit to 4.49 million Egyptian…
Tanzania’s economic growth slows 6.6% in Q1
Tanzania’s economic growth slowed to 6.6% year-on-year in the first quarter of 2019 from 7.5% in the same period a…
Egypt, Russia in talks over first Russia-Africa summit
Egypt's Ambassador to Russia Ihab Nasr and Russia’s Deputy Minister of Foreign Affairs Mikhail Bogdanov held a…