Egypt’s textile exports up 12%, imports fall 59% this year: minister
Egypt’s textile exports increased by about 12 percent, while imports declined by 59 percent this year compared to…
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industry and trade
Saudi Arabia opens bidding for its first utility-scale solar power plant
UAE-based Abu Dhabi Future Energy (Masdar) and EDF Energies Nouvelles, a wholly-owned unit of France-based EDF,…
Nissan to recall all new cars sold in Japan in last three years
Nissan Motor Co Ltd (7201.T) will recall all 1.2 million new passenger cars it sold in Japan over the past three…
Tax revenues jump 31.8% in FY2016/17: Egyptian minister
Total tax revenues for the financial year 2016/2017 increased by 31.8 percent 464.4 billion Egyptian pounds, from…
Russia, Egypt to sign final deal for Russian Industrial zone before year-end
Moscow and Cairo will sign the final agreement for Russia to build an industrial zone in Suez Canal area before the…
Egypt’s non-oil business activity falls in three months
Egypt’s non-oil private sector business activity shrank at its sharpest pace in three months in September amid…
Egypt to raise tobacco tax revenues by $397.50mn in FY2017/18
Egypt is planning to raise its revenues from taxes imposed on tobacco to seven billion Egyptian pounds ($397.50…
Egypt strategic wheat reserves enough to last until end-February
Egypt’s strategic wheat reserves stand at 4.8 million tonnes, sufficient to last until next February, supply…
Dubai’s Aramex opens new head office in Egypt’s Alexandria
Dubai-based courier Aramex has established a new head office in Egypt’s Alexandria city. The new office is part of…
Saudi Arabia, Russia to establish energy fund worth $1 billion
Saudi Arabia and Russia plan to set up a $1 billion fund to invest in energy projects, Russian Energy Minister…