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Industry & Trade
Egypt’s BAPETCo produces 138,000 barrels of oil per day; chairman says
The current production of Badr El Din Petroleum Company (BAPETCo) is estimated at around 138,000 barrels of oil per…
Universal Group launches new $14.6mn factory for home appliance moulds in Egypt
Universal Group announced its latest factory for the manufacture of home appliance moulds at a cost of more than…
Trade minister: Egypt’s exports to UAE soar by 112% in 6 months
Egyptian exports to the Emirati market witnessed a leap during the first half of 2016, marking a 112 percent hike.…
Pharmaceuticals market in Egypt worth $5.4bln per year- Council
Egyptian pharmaceuticals market is estimated at around 48 billion Egyptian pounds annually (US$5.4 billion), Head…
Sharp to cut workforce in large-scale turnaround push by its new CEO
Sharp Corp. will implement a large-scale corporate restructuring to achieve profitability, with the hope of…
Pfizer nears deal to acquire Medivation for close to $14 billion
Pfizer Inc (PFE.N) is in advanced talks to acquire U.S. cancer drug company Medivation Inc (MDVN.O) for close to…
VW says more than 25,000 workers, six plants hit by production problems
Volkswagen (VOWG_p.DE) on Monday said production at six plants was impacted by interruptions with more than 25,000…
Apache plans to boost investments in Egypt oil explorations
U.S. oil and gas producer Apache Corp plans to inject new investments in Egypt during the coming period and to sign…
Jewelry maker L’azurde sales in Egypt hit $383mln in 2015
The sales volume of largest jewelry designer, manufacturer, and distributor in the Middle East L'azurde in Egypt…
Power plants consumption of gas steadies at 3.7bn ft3/d- Egypt’s EGAS
The natural gas consumption rates of Egyptian power plants steadied during the current week at around 3.7 billion…