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Industry & Trade
Kuwait set to sell minority stakes in oil-company units
Kuwait is taking steps to sell minority stakes in units of the state oil producer as the Middle Eastern government…
China’s June exports fall 4.8% , more than forecast
China's June exports fell by a more-than-expected 4.8 percent from a year earlier, while imports declined 8.4…
Egypt’s Petroleum minister owed BG, Shell $1.1bn for their share in gas fields
The dues owed to British Gas (BG) and Dutch company Shell by the Ministry of Petroleum have increased to $1.1bn,…
Airbus cuts A380 delivery target to avoid glut
Europe's Airbus on Tuesday cut the delivery target for its A380 superjumbo to 12 a year from 2018, down from 27 in…
Indonesia-Egypt trade exchange hits $136mn, drops 8.3%
The trade exchange between Egypt and Indonesia declined by 8.3 percent as it recorded around 136.4 million Egyptian…
Al-Futtaim’s Cairo Festival City mall to increase rental rate by 6% in 2017
Cairo Festival City mall , developed and operated by UAE Al-Futtaim Group, is set to embrace a plan to increase the…
OPEC sees tighter 2017 oil market, Brexit drag on economy
OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be…
China to implement 18 projects in Egypt
Egypt and China inked Tuesday a cooperation agreement on studying and executing 18 projects in power, transport,…
Investments in Russian industrial zone in Egypt to record $4.6bn by 2035
The total volume of invested capitals in Russia's set-to-be established industrial zone in Egypt will record around…
Chemical exports hit $1bn in five months- Egypt’s council
Egyptian chemical exports recorded 10.2 billion Egyptian pounds (US$1.1 billion) in January-May 2016 versus 9…