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Industry & Trade
Qalaa’s Agrifoods Business unit divests two subsidiaries
Egypt’s Qalaa Holdings, an African leader in energy and infrastructure, announced Thursday that its business…
Mitsubishi Motors shares set to slump to record low on mileage cheating scandal
Mitsubishi Motors Corp's (7211.T) shares were untraded on Thursday as they were swamped with sell orders, and were…
VW to offer to buy back nearly 500,000 U.S. diesel cars – Reuters
Volkswagen AG (VOWG_p.DE) and U.S. officials have reached a framework deal under which the automaker would offer to…
Israel renews rejection of Egypt’s request to adjust QIZ treaty
Israel renewed its rejection of Egypt’s request to adjust the Qualifying Industrial Zones (QIZ) treaty during a…
China wants ships to use faster Arctic route instead of Suez Canal
China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by…
Egypt to organize a trade mission of 30 businessmen to Tunisia next week
The Federation of Egyptian Industries is organizing a trade mission to Tunisia between 26 and 28 April; the mission…
Egypt’s Zohr gas field to produce 1 billion cubic feet/day by end-2017
Egypt has agreed with Italy's Eni to commence production of 1 billion cubic feet per day of gas at the Zohr gas…
BP Egypt’s Taurus/Libra gas fields to start output in 2017
Britain's BP Plc (BP.L) currently produces around 30 percent to Egypt’s total natural gas production, said its…
Cairo Chamber to inaugurate $2mn-conference hall
Cairo Chamber of Commerce is to inaugurate its convention hall within the coming period , Chairman Ibrahim El Araby…
Engie inks renewable energy and LNG agreements with Egypt
French energy company, Engie announced Monday it has signed agreements on developing renewable energies and…