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Industry & Trade
IDA grants approvals for 150 new projects in September- Egypt’s minister
Egyptian Industrial Development Authority (IDA) granted licences for 150 new projects with investment cost…
Egypt produces 4.8m T of steel in eight months
Egypt's total production of steel reached 4.801 million tonnes during the first eight months of 2016 versus 4.750…
Egypt’s Dollar crisis behind the 34% fall in profits: Juhayna’s Thabet
Egypt's dollar crisis is the reason behind Juhayna Food Industries SAE's decline in net profits, its chairman told…
Nestle slashes sales outlook as 9-month organic growth disappoints
Nestle has become the latest company to be hit by the global slowdown affecting food manufacturers after posting…
UK Subsea 7 wins Egypt’s Pharaonic Petroleum EPCI Deal
The UK-based subsea engineering, construction and services company Subsea 7 announced Thursday it has been awarded…
Power minister submits report to Sisi on Dabaa nuclear plant talks
Minister of Electricity Mohamed Shaker submitted a detailed report to President Abdel Fattah Al-Sisi on the most…
Trade exchange with Kenya recorded $513m in 2015: Egypt’s Qabil
The trade exchange between Egypt and Kenya reached US$513 million in 2015, Egyptian Trade Minister Tarek Qabil…
$400 million worth of Singaporean investments in Egypt: minister
Singapore’s investments in Egypt have reached $400 million, Egyptian Investment Minister Dalia Khorshed said…
Supply ministry suspends two mega projects until re-conducting studies
Egyptian supply ministry is currently re-conducting feasibility studies of Damietta Logistics Centre and …
BHP expects signs of recovery in mining, says production steady
The world's third-largest iron ore miner BHP Billiton signaled budding signs of recovery in the long downtrodden…