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Industry & Trade
Russia to choose Industrial Zone’s Location in Egypt next September
The Russian government is to choose the location to establish a Russian industrial zone in Egypt next September,…
GM to invest $1 bln in India, double Market Share by 2020
General Motors Co (GM.N) will invest $1 billion in the next few years to turn operations in India into a new global…
Egypt to start new local wheat procurement system in April 2016
Egypt’s supplies minister Khaled Hanafi said Monday his country would change the system it uses for domestic wheat…
BP swings to US$6 billion loss on Deepwater hit
BP PLC swung Tuesday to a loss in the second quarter, as earnings were hit by lower oil prices and a…
Egypt expecting 45% rise in Emirati Tourists in 2015
Egypt expects a 45 per cent jump in Emirati tourists this year, the chairman of the Egyptian Tourism Authority…
Siemens to upgrade Egypt’s Electrical Railway Systems
German industrial giant Siemens Aktiengesellschaft signed Monday a preliminary agreement to upgrade the Egyptian…
Egypt’s Russian Industrial Zone to include Food, Car, Ship Manufacturing Projects
Russia’s anticipated industrial zone in Egypt is to encompass food, equipment, ship and car manufacturing projects,…
AstraZeneca sells rare cancer drug to Sanofi for up to $300mn
AstraZeneca (AZN.L), under pressure from falling sales of older drugs, is selling a medicine for a rare type of…
BG Egypt names oil and gas veteran as new president
BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as…
Italian Technip signs deal to upgrade Egypt Oil Refineries
Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements…