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Industry & Trade
U.S. Graviton Capital plans investing in energy projects in Egypt
The U.S.-based Graviton Capital company is to study investing in small new and renewable energy projects in Egypt.…
Dairy maker Beyti to inject $510mn into Egyptian market
Egyptian milk and juice maker Beyti targets pumping new investments worth 4 billion pounds (US$510.7 million) into…
Egypt’s IDA grants 69 expansion approvals worth $613mn in February
Egyptian Industrial Development Authority (IDA) granted expansion approvals for 69 projects in February 2016 with…
Eni flows gas at Zohr 2X well in Egypt
Italy-based Eni has announced that its Zohr 2X appraisal well in the Shorouk block offshore Egypt has delivered up…
AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit
At least three major U.S. companies, AT&T Inc (T.N), Starwood Hotels & Resorts Worldwide Inc (HOT.N) and…
India-Egypt Joint Trade Committee plans boosting trade exchange to $8bn
The Joint Indian Egyptian Trade Committee discussed mutual work plan to boost rate of trade exchange between the…
Consumer complexes companies in Egypt attain $1.9bn revenues
Egyptian consumer complexes companies achieved revenues estimated at 15 billion Egyptian pounds (US$1.9 billion)…
Sugar, confectionery sector investments hit $2.3bn- Egypt’s Food Chamber
Investments of Egyptian sugar and confectionery industry are estimated at 18.4 billion Egyptian pounds (US$2.3…
Honda to compensate U.S. dealers for losses over air bag recalls
Honda Motor Co (7267.T) is preparing to compensate U.S. dealers for depreciation costs of vehicles they cannot sell…
Egypt seeks to connect 1.2 million homes with natural gas by June-end
State-owned Egyptian Natural Gas Holding Company (EGAS) plans to deliver natural gas to 1.2 million homes in Egypt…