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Industry & Trade
Egyptian home appliances retailer B.Tech signs $33mn-partnership with UK’s DPI
Egyptian home appliances retailer B.Tech signed Thursday a strategic partnership with British private equity fund…
L’Oreal to seizez IT Cosmetics in $1.2 billion deal
French cosmetics firm L'Oréal SA said Friday it would acquire U.S.-based IT Cosmetics in a cash deal worth $1.2…
Fiat Chrysler recalling 410,000 vehicles
Fiat Chrysler Automobiles NV (FCHA.MI) said on Friday it is recalling nearly 410,000 vehicles worldwide because of…
Glass exports hit $56mn in five months- Egyptian Council
Egypt's glass exports recorded 502.13 million Egyptian pounds (US$56.5million) during January-May 2016 compared to…
Egypt named one of 10 emerging markets of future: BMI
A new report has identified Egypt as one of the “10 emerging markets of the future” though its food industry is…
UK, Egypt’s ABA sign cooperation protocol on enhancing vocational training
Egypt's Alexandria Business Association (ABA) signed a cooperation protocol with UK on enhancing vocational…
Egyptian non-petroleum exports rose by 4pct in five months
Egyptian non-petroleum exports hiked by 4 percent during the first five months of 2016 to US$8.5 billion from…
Dairy maker Juhayna eyes $562mn-sales in Egypt by end-2016
Egyptian dairy producer Juhayna For Food Industries plans to raise sales volume by 20 percent to hit five billion…
India’s TCI Sanmar group invests $280mn to boost PVC production in Egypt
Indian TCI Sanmar Chemicals Group intends to pump new investments of US$280 million into the Egyptian market to…
Brexit shock not good for anybody; says Unilever CEO
The head of consumer goods giant Unilever has told CNBC on Thursday that the U.K.'s decision to leave the European…