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Industry & Trade
General Electric upgrades 2 gas turbines in Egypt to improve efficiency
General Electric (GE), one of the world’s leading engineering and tech giants, announced Monday that it has…
Egypt’s supply ministry refuses to continue project to develop 300 shounas
The Egyptian Ministry of Supply on Monday refused the technical and financial offers by USA-based Blumberg Grain…
Saudi’s SABIC studies petchems JV with Exxon Mobil affiliate
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, announced on Monday it is…
Hyundai Motor profit falls to $1.55 billion
Hyundai Motor Co.'s (005380.SE) second-quarter net profit dropped at a slower pace than expected, helped by the…
BP says posts replacement cost of $2.25 billion
The British energy giant BP PLC reported a second-quarter loss due to a multibillion-dollar charge relating to its…
Private car sales in Egypt mount to $1.3bn in first 5 months of 2016
The private cars market sold 58,600 units in the first five months of this year, amounting to sales of 12.2 billion…
1,306 new projects granted approvals in H1 2016: Egypt’s industry minister
Egyptian industry ministry granted licences for 1,306 new projects inside and outside industrial zones during the…
Industry minister opens $33mn-factories in Egypt’s 6th of October city
Egyptian industry minister Tarek Qabil inaugurated Monday three new factories in CBC Egypt for Industrial…
Executed investments in Egypt hit $10bn in Q3 of FY2015/16- planning ministry
The total volume of investments executed in Egyptian market during the third quarter of fiscal year 2015-16 rose by…
Australia Q2 inflation to make or break case for rate cut
Australian inflation likely braked to all-time lows in the second quarter, if analyst forecasts prove right,…