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Industry & Trade
Chinese investments in Egypt worth $546mn- minister
China's total investments in the Egyptian market are estimated at US$546 million, getting the 23rd place among…
TUI finalizes $1.4 billion order for Boeing planes
European travel group TUI AG (TUIT.L) has finalised an order with U.S. planemaker Boeing (BA.N) to buy 10 737 MAX 8…
Chinese automaker plans self-driving, electric car by 2020
An automotive venture backed by China tech giant Tencent aims to launch an electric self-driving car before 2020,…
Tesla crash raises stakes for self-driving vehicle startups
Concerns raised by the first reported fatality in a semi-automated car were expected to speed adoption of more…
French carmaker PSA sales slide on China weakness, sees slight Brexit impact
PSA Group's (PEUP.PA) first-half sales fell 0.2 percent, the French carmaker said on Tuesday, citing difficulties…
Egypt will allow up to 0.05pct ergot in wheat starting Tuesday
Egypt will allow up to 0.05 percent ergot, a common grains fungus, in wheat shipments beginning on Tuesday, a…
Starbucks to hike wages for U.S. workers in October
Starbucks Corp will raise wages of all workers in its U.S. stores this year, days after being accused by employees…
Oil minister: new refining projects in Egypt worth $7.7bn
Egyptian petroleum sector is currently executing new refining projects with investments estimated at US$7.7…
Egypt’s El Sewedy signs $62k for electric transmission line project
Egypt-based Al Fanar Contracting Co. announced Monday that it signed a contract with Elsewedy Electric for Trade…
Cabinet plans extending Egypt’s electricity subsidy period until 2026
Egyptian Cabinet plans to extend the subsidy period of electricity consumption prices until 2026, i.e. seven years…