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Industry & Trade
Exports of auto feeding industries in Egypt hit $500mn annually
The total volume of Egyptian exports of auto feeding industries is estimated at US$500 million annually, Trade…
Automech Formula 2016: 2nd day kicks off today at Cairo Convention Centre
The second day of the 23rd Cairo International Motor Show-Automech Formula 2016 kicks off today at Cairo…
Nissan says to raise Egypt market share by 10%
Japan’s automaker giant, Nissan Motor is planning to raise its market share in Egypt by 10 percent within the…
Sawiris’ OTMT seeks new partner to build 5 logistics centres in Egypt
Egyptian Orascom Telecom Media and Technology Holding (OTMT) failed to build a consortium with Aramex to build 5…
Chinese-Egyptian consortium to launch 30,000 ‘Chery’ cars
The two Egyptian leading automobile corporations Ghabbour Auto (GB) and Aboul Fotouh Automative (AFA) is to…
Drugmaker Valeant faces debt default risk; shares plunge 50 percent
Valeant Pharmaceuticals International Inc's (VRX.TO) shares plunged 50 percent on Tuesday after the company said a…
Iron&Steel Co. urges Egyptian Cabinet to lower gas prices to $3/MMBtu
Chairman of Egyptian Iron and Steel Company Mohamed Saad Nageada urged the Cabinet to lower the price of gas that…
Egypt’s PetroSilah Petroleum adds 8mn barrels of crude oil to general reserve
PetroSilah Petroleum Company added 8 million barrels to its general reserve during 2015, Chairman Taher Abdel Rahim…
OneSubsea awarded contract for BP’s West Nile Delta fields in Egypt
OneSubsea, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB), announced Monday it won a contract from BP…
Saudi Panda to establish new chains in Egypt
Saudi-based Panda Retail Company is to sign cooperation protocol with Egyptian trade and industry ministry today on…