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Industry & Trade
BP Egypt: LNG shipment was diverted to manage peak demand
BP Egypt said Sunday one of its LNG shipments to Egypt was held back this month as part of a…
Germany studies establishing industrial zone around Egypt’s’ Suez Canal
Germany is studying building an industrial zone around Egypt’s Suez Canal axis region, the head of the Egyptian…
Schneider Electric to establish 40MW solar plant in Egypt’s Sharm El-Sheikh
France's Schneider Electric (SCHN.PA) signed Monday a memorandum of cooperation to establish a 40-megwatt solar…
Egypt’s Carbon Holdings eyes $5.2 bln loan for mega petchem project
Egypt’s Carbon Holdings, hopes to conclude a $5.2 billion loan with foreign banks to back its $7.5 billion Tahrir…
Sawiris’ Orascom, German REC to build $85 million solar park in Aswan
Egypt’s Orascom Telecom (OTMT), owned by the country’s business tycoon Naguib Sawiris, has signed Monday a…
French investments in Egypt worth $1.3bn- industry minister
The total volume of French investments in Egypt reached around US$1.3 billion in a number of sectors notably…
Germany-Egypt bilateral trade hit €5 billion in 2015
The volume of bilateral trade between Egypt and Germany in 2015 reached around €5 billion ($5.6 billion), Egyptian…
General Electric signs $250 million deal to reinforce Egypt’s national power grid
U.S.-based multinational conglomerate corporation General Electric has signed a US$250 million contract with the…
Egyptian dairy maker Domty inks $10mn supply deal with Russian retailer Magnet
Egyptian dairy firm Arab Food Industries – Domty has signed a $10 million contract with Russia’s largest retailers,…
Japan’s Mitsubishi Heavy Industries to open permanent office in Egypt
Renowned Japanese company Mitsubishi Heavy Industries announced it is eager to open a permanent office in Egypt as…