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Industry & Trade
Volkswagen seeks Canadian ‘Dieselgate’ settlement
Volkswagen (VOWG_p.DE) is seeking a settlement with Canadian diesel vehicle owners similar to the one reached in…
Takata air bag data manipulation widespread, says Honda
Takata Corp (7312.T) had engaged in widespread manipulation of test results for air bag inflators supplied to Honda…
Trade balance deficit drops 16pct to $2.6bn- Egypt’s CAPMAS
The deficit in Egyptian trade balance declined by 26 percent in April 2016 to 23.9 billion Egyptian pounds (US$2.6…
Total investments of Cairo Metro Line 3 worth $6bn- Tunnels Authority
The volume of total investments in all phases of Cairo Metro Line three is estimated at 52.8 billion Egyptian…
Rubber exports decline 23% in five months- Egyptian Council
Egyptian rubber exports dropped by 23 percent in January-May 2016 to 265 million Egyptian pounds (US$29.8 million)…
Brexit will not negatively affect Egypt-UK trade ties: official
Britain’s exit from the European Union will not affect trade relations between Egypt and the United Kingdom, said…
Philippines, Egypt to establish business council by year-end
This year, the Philippines is celebrating 70 years of relations with Egypt, along with its 118th anniversary of…
ExxonMobil launches bidding war for InterOil in PNG gas push
ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New…
UK keens to fund new British projects in Egypt with £500m- Export Finance
UK Export Finance (UKEF) is keen to fund a number of British projects in Egypt notably in new and renewable energy,…
Egypt purchases 300K tonnes of Russian, Romanian wheat, reserve enough to end-2016
Egyptian ministry of trade and industry purchased 300,000 tonnes of Russian and Romanian wheat in the second global…