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Industry & Trade
Saudi retailer Panda wins bid to launch commercial chain in Egypt’s Qalyubia
Saudi-based Panda Retail Company won the bid to establish large commercial chain in Egypt's Qalyubia governorate on…
Egypt mulls setting up shipping line to boost exports to Russia
Egypt is studying the creation of a shipping line linking the country with Russian ports, helping to double its…
Saudi Aramco to supply Egypt with petroleum products for 5 years
Egypt has sealed a deal with Aramco stipulating that the Saudi company would supply Egypt with petroleum…
Tesla, buoyed by strong Model 3 orders, may need more cash
An initial flurry of orders has put Tesla Motors' new Model 3 sedan off to a fast start, but the company may need…
Spanish-Egyptian paints maker Espectro Colors eyes $14mn-sales in 5 years
Egyptian Espectro Colors Paints targets raising sales volume to around 125 million Egyptian pounds (US$14 million)…
Egypt’s Ezz Steel posts 2015 net loss of $47 mln
Egypt's Ezz Steel posted a full year net loss of 418.03 million Egyptian pounds ($47 million) in 2015, compared…
China’s Zhengbang plans injecting $73mn in four industrial projects in Egypt
China's Zhengbang Group plans injecting investments estimated at 650 million Egyptian pounds (US$ 73.2 million) to…
Egypt’s Edita posts profits of $39.3mn in 2015
Egyptian food maker, Edita has posted net profit of 349.1 million Egyptian pounds (US$39.3million) with an increase…
Egyptian Dairy Maker Domty annual profits skyrocket 355%
The net profits of Egyptian dairy maker Arab Food Industries Company (Domty) rose by 355.4 percent during the…
GE to sell $1.4 billion U.S. hotel franchise loan portfolio
General Electric Co (GE.N) said it had agreed to sell GE Capital's U.S. hotel franchise loan portfolio to a unit of…