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Industry & Trade
Novartis splits drugs business into two, pharma chief to leave
Novartis is splitting its pharmaceuticals division into two business units, one focused on cancer and the second on…
Sisi inaugurates 1,000MW-power plant in Egypt’s Asyut
Egyptian President Abdel Fattah al-Sisi inaugurated Tuesday a 1,000MW-power plant in Upper Egypt governorate Asyut…
AstraZeneca boosted by good results for biotech asthma drug
AstraZeneca's (AZN.L) drive to rebuild its portfolio of new medicines received a boost on Tuesday with positive…
Egyptian dairy maker Domty signs $10mn deal with Russia’s Russkoe Moloko
Egyptian dairy firm Arab Food Industries – Domty has signed a $10 million contract with a major Russian dairy…
Supply ministry purchases 20,000 tonnes of rice to face Egypt’s deficit
Egyptian Ministry of Supply signed contracts of purchasing 20,000 tonnes of local rice recently to be injected into…
Auto sales in Egypt slide 30% in Q1 2016
The volume of auto sales in the Egyptian market dropped by 30 percent during the first quarter of 2016, Chairman of…
Lebanese-Egyptian trade mission to visit Côte d’Ivoire next July
An Egyptian-Lebanese joint trade mission is set to visit Côte d’Ivoire and The Republic of the Congo in July 2016,…
South Korea says Nissan manipulated emissions, plans fine and recall
South Korea said that Nissan Motor Co Ltd (7201.T) had manipulated emissions on a diesel sport utility vehicle and…
Strong U.S. retail sales, consumer sentiment data buoy economic outlook
U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of…
Tesla taps Audi executive as vice president of vehicle production
Tesla Motors Inc (TSLA.O) said on Friday it hired Volkswagen (VOWG_p.DE) executive Peter Hochholdinger as its vice…