Cape Town-Cairo Road to be Ready in Few Months: Minister
A road linking between Egypt’s Alexandria and South Africa’s Cape Town- known as Cape to Cairo road- will be…
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industry and trade
ASEC to carry out Gypsum Factory in Suez – SEBA
ASEC Cement Company intends to build a new gypsum factory in the north west of Suez Gulf, Egypt, the…
Nomura, RBS ordered to pay US$806 mn to Housing Agency
Nomura Holdings Inc. and Royal Bank of Scotland Group Plc were ordered to pay US$ 806 million in damages to…
As recalls mount, Takata, Japan automakers stuck in uneasy reliance
Air bag manufacturer Takata Corp (7312.T) and Japanese carmakers including Honda Motor Co (7267.T) are locked in…
Rosneft takes control of PetroRio Oil Venture in Brazil’s Amazon
OAO Rosneft, Russia’s largest oil producer, has taken control of an exploration venture in the Brazilian Amazon,…
Egyptian state company to install five PV Solar Power Plants in Dakahlia
Egypt’s military organisation, the Arab Organization for Industrialization (AOL) is set to install five solar…
South African Tycoon buys New Look Fashion Retailer
New Look has been bought by a South African magnate for £780 million. Brait, controlled by retail billionaire…
Avon shares seesaw on spurious reports of a takeover bid
Trading in Avon Products was repeatedly halted earlier on Thursday after shares soared as much as 20% in New York.…
Sysco may face about $1 billion in costs if US Foods Merger dies
Sysco Corp (SYY.N) will be left with a bill of around $1 billion if the U.S. government kills its $3.5 billion…
Egypt sees $30 billion in Coal Investments in five years – Minister
Egypt is expected to generate US$30 billion investments in coal industry within the upcoming 5 years, investment…
