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Industry & Trade
Egypt to cut price of gas to steel and iron factories – minister
Egypt will reduce the price it offers natural gas to steel and iron factories to $4.5 per one million thermal units…
Turkey’s discount grocery chain BIM plans new stores in Egypt, Morocco
Turkish discount grocer BİM is planning to open 100 new stores in Egypt and 80 in Morocco as well as 600 new stores…
Egypt eyes boosting intra-trade rates with Singapore- trade minister
Egypt targets enhancing rates of intra-trade with Singapore that recorded US$224 million in 2014, Trade and…
Singapore’s Hyflux establish power, desalination plants in Egypt’s Ain Sukhna
Egyptian General Authority for Suez Canal Economic Zone (SCZone) signed a Letter of Intent (LOI) for a contract…
Egypt to negotiate with Saudi Arabia over new oil cargoes – official
Egyptian petroleum ministry is set to start new negotiations with Saudi Arabia at the middle of March 2016 over…
Canon closes in on Toshiba’s medical unit after fierce bidding
Toshiba Corp (6502.T) has granted Canon Inc (7751.T) exclusive negotiating rights for its medical equipment unit…
Franchise projects in Egypt worth $7.6bn
The total investments of franchise projects in Egypt are estimated at around 60 billion Egyptian pounds (US$7.6…
Steel group Solb Misr investments in Egypt hit $1.7bn
Investments of steel group Solb Misr in the Egyptian market are estimated at around 14 billion Egyptian pounds…
Paints maker GLC launches new $284mn-factory in Egypt’s Obour City
Egyptian paints and coatings maker German Lebanese Industries Company-GLC inaugurated new factory in Obour City…
Egyptian foodmaker Edita heralds setting up its $20.4mn factory
Egyptian foodmaker, Edita has commenced the establishment and for its latest factory, with an investment cost worth…