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Industry & Trade
Russian GDP seen falling less than 1 percent in January-May
Russia's gross domestic product is estimated to have shrunk by less than 1.0 percent year on year in January-May,…
Spain’s UFG says Egypt LNG arbitration is ‘not over’
Union Fenosa Gas (UFG), owned 50-50 by Spain’s Gas Natural Fenosa and Italy’s Eni, has challenged reports that…
Egypt’s chemical exports drop by 10% in Q1- report
Egyptian chemical exports declined by 10 percent during the first quarter of 2016 to 226.9 million Egyptian pounds…
New industrial zone to be built for Egyptian businessmen in Uganda- minister
Ugandan government approved allocating industrial zone for Egyptian investors there to facilitate setting up joint…
H&M sales surge 9% in May, 5% in quarter
Swedish fashion retailer Hennes & Mauritz (HM-B.SK) announced Wednesday that sales increased 9% in local…
Shell’s Philippine unit still targets IPO in 2016
Pilipinas Shell Petroleum Corp. has assured the Philippine government that its plan to undertake an initial public…
Portuguese trade exchange with Egypt hit €194mn
The trade exchange between Egypt and Portugal witnessed a modest rise in 2015 to hit €194 million versus €166…
Egyptian EGAS not to pay $270mn-fine for gas cuts at LNG plant
The French International Court of Arbitration ruled Tuesday that Egyptian Natural Gas Holding Company (EGAS) not to…
Future Pharmaceutical eyes $13 mln sales in Egypt by end-2016
Egypt-based Future Pharmaceutical Industries company (FPI) targets boosting its sales volume in 2016 by 50% to hit…
German home-building hits highest level since 2006
More homes were constructed in Germany in 2015 than in any year since 2006, but housebuilding still fell short of…