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Industry & Trade
Electricity Transformation inks power purchase deal with 8 Egyptian firms
Egyptian Electricity Transmission Company (EETC) is set to sign power purchase agreement with eight solar power…
Tesco pulls Unilever goods in Brexit row after pound plunges
Britain's biggest retailer Tesco (TSCO.L) pulled Unilever goods such as Marmite from its website in a pricing row…
Chinese trade dip halts dollar, sends yuan to six-year low
A poor batch of Chinese trade numbers halted the dollar's broader rally on Thursday and sent the offshore version…
Trade balance deficit fell 13% in July 2016- Egypt’s CAPMAS
The deficit in Egyptian trade balance dropped by 13.1 percent in July 2016 to 30.9 billion Egyptian pounds (US$3.3…
Shell investments in Egypt’s Western Desert oil fields hit $450m in 2015
The Royal Dutch Shell raised its investments in concession areas at Egypt's Western Desert by 15 percent to US$450…
India’s Welspun Group eyes investing in Egyptian textiles sector
A mission from India's Welspun India Ltd. (WIL) met Wednesday with Egyptian Industry Minister Tarek Qabil to…
Hygienic paper maker Fine investments in Egypt hit $112m
The total investments of paper products maker El Bardi Paper Mill - Fine in Egyptian market are estimated at more…
Egypt finds other sources after halt in Saudi fuel shipments
Egypt's oil ministry says it has secured imports of petroleum products from other sources to compensate for Saudi…
Debts to international oil firms hit $3.5b end-Sept: Egypt’s minister
Egypt's debts to international oil and gas companies rose to $3.58 billion by the end of September, the oil…
Egypt’s HyperOne chain to pump 1,000 tonnes of sugar this week
Egyptian supermarket chain, Hyper One will pump 1,000 tonnes of sugar at a price of five Egyptian pounds ($0.56)…