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Industry & Trade
German exports to Egypt drop in May to lowest in nine months
German exports to Egypt hit their lowest levels in nine months in May 2016 as they declined by 1.8 percent in…
Oi investor urges new board after record Brazil bankruptcy filing
A minority investor in Oi SA (OIBR4.SA), Brazil's largest fixed-line phone carrier, has called for the replacement…
Mitsubishi Corp says scouting for Cuba infrastructure projects
Japanese trading house Mitsubishi Corp (8058.T) is scouting for business opportunities in Cuba including…
Egypt amends investment law in bid for increasing FDI
According to the World Investment Report 2016, the Egyptian government has amended its investment law in order to…
Eni receives ‘informal’ interest for stake in Egypt’s Zohr gasfield
Italian energy giant Eni has received several expressions of interest in buying a stake in Zohr, the large gasfield…
GlaxoSmithKline pumps 400 mln Egyptian pounds into Egypt until 2017
Drugmaker GlaxoSmithKline plans to pump investments worth 400 million Egyptian pounds ($45 million) into Egypt…
Supply minister appoints new vice chairman for Egypt wheat import authority
Egyptian Supply Minister Khaled Hanafy issued a decree on Monday to appoint Ahmed Youssef as new vice chairperson…
Arafa for Investment Q1 profits rise 52%
Egypt's Arafa for Investment and Consultancies (AIVC.CA) said its consolidated profits increased 52 percent…
Egyptian Airports Holding Company eyes $774mn-revenues in FY2016-17
Egyptian Holding Company for Airports and Air Navigation (EHCAAN) eyes achieving revenues of 6.8 billion Egyptian…
Qalaa records Q1 2016 net loss of $27.33 mln
Qalaa Holdings, an African leader in energy and infrastructure, recorded first quarter net loss of 242.7 million…