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Industry & Trade
Egypt’s largest gold producer Q1 profit 27% up
Centamin PLC reported Tuesday a 27 percent year-on-year increase in profit before tax from January to March, adding…
Pfizer approaches Medivation about potential takeover
Pfizer Inc (PFE.N) has approached U.S. cancer drug maker Medivation Inc (MDVN.O) to express interest in an…
Investors request to invest in 30M meters in East Port Said – SCZone
Egypt's General Authority for Suez Canal Economic Zone (SCZone) received investment requests from companies,…
Binladin crisis to be resolved: Saudi labour minister
The crisis surrounding major Saudi Arabian construction company Saudi Binladin Group , which has been struggling to…
Foreign currency crisis affects Kia’s Egypt operations
The erosion of foreign currency reserves and the strain on import procedures have negatively affected Kia…
German finmin slams Volkswagen management over bonuses: paper
Germany's finance minister Wolfgang Schaeuble has criticised the executive board of scandal-ridden carmaker…
Suez Canal industrial zone allures 15 Russian companies; says minister Manturov
Russia’s Minister of Industry and Trade Denis Manturov said Friday that at least 15 Russian companies had committed…
IDA approves $22mn for Egypt’s Al-Robeky leather zone phase 2
The utilities fund of the Egyptian Industrial Development Authority (IDA) approved 200 million Egyptian pounds…
Refining’s silver lining loses luster at Exxon and Chevron
Exxon Mobil Corp and Chevron Corpon Friday reported their most dismal quarterly results in more than a decade on…
Egyptian exports to Russia rose 11% end-February
The volume of Egyptian exports to the Russian market rose during January-February 2016 to US$80 million from $72…