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Industry & Trade
Orascom Construction records Q1 net income $23 mln vs $5.8 mln year earlier
Orascom Construction posted a first quarter net profit of $23 million, up significantly from $5.8 million a year…
EBRD: Egypt may lose 20% of wheat supplies due to inadequate infrastructure
Egypt may lose 10% to 20% of its overall wheat supplies due to inadequate infrastructure along the supply chain,…
China to build textile zone in Egypt’s Minya
Egypt and China signed Tuesday a framework agreement on executive steps of establishing a zone for textile…
Trade ministry eyes 8% industrial growth in Egypt until 2020
Egyptian trade and industry ministry targets achieving industrial growth rate of 8 percent beside lowering state's…
Egypt to increase natural gas production by 30% by 2019
Riding high on a series of major discoveries and what appears to be renewed investor interest in Egypt’s energy…
Coca-Cola announces management changes in Asia, Africa
Coca-Cola Co. has shaken up its management Tuesday, replacing the heads of its Asia and Africa businesses, in the…
U.S. TPG in talks to acquire Abraaj’s Spinneys Chain in Egypt: sources
TPG Capital is in talks to buy the Spinneys supermarket chain in Egypt from Abraaj Group, in what would be the U.S.…
SUMED to build $350mn-pier in Egypt’s Ain Sukhna
Egypt's Arab Petroleum Pipelines Company (SUMED) is preparing to establish new pier in Ain Sukhna, Suez governorate…
Petroleum sector eyes establishing 20 new fueling stations in Upper Egypt
Egyptian petroleum sector is continuing establishing new fueling stations in different governorates since ministry…
Unilever, L’Oreal, Henkel vie for Vogue International – Reuters
Unilever NV (UNc.AS), Henkel & Co KgaA AG (HNKG_p.DE), L'Oréal SA (OREP.PA) and other companies have submitted…