U.S. Wheat Associates to close Cairo office as Russian wheat dominates
U.S. Wheat Associates, a trade group that promotes U.S. exports, announced Tuesday it will close its Cairo office…
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industry and trade
Egypt investment minister sees new investment law passed in days
Egyptian Investment Minister Sahar Nasr expects the country will issue the new investment law, aimed at attracting…
Rosneft ‘looking positively’ to buy more stake in Egypt’s giant Zohr gas field
The chief executive of Russian oil giant Rosneft said Thursday his company is “looking positively” to buy a further…
Portugal-Egypt trade not exceeding €200 mln, plans to boost it are underway
Egypt’s trade exchange with Portugal is still relatively low that has never exceeded €200 million ($236.8 million)…
Acciona to develop three solar power plants in Egypt
Acciona Energía, a subsidiary of Spain’s Acciona, will develop three solar photovoltaic (PV) plants worth $180…
OPEC favors 9-month extension to output cut deal: reports
OPEC members are reportedly building a consensus around extending their production cutting deal with other crude…
BP’s renewable energy projects have made much profit yet: CEO
BP's renewable energy projects aren't having much of an impact on the group's profits yet, the oil giant's chief…
Egypt’s Misr Cement narrows net profit to 60.5mn pounds in 9 months
Egypt’s state-run Misr Cement Company reported Thursday a drop in its net profit after tax to reach 60.5 million…
El Sewedy Electric, EBRD, EDF in $150 mln Egypt solar power stations deal
Egypt's El Sewedy Electric has signed a $150 million contract with Électricité de France (EDF) and the European…
France-Egypt trade grew 12% in first 8 months of 2017: minister
Egypt’s trade exchange with France rose 12 percent during the first eight months of 2017, reaching $1.546 billion…