Carrefour sales drop as weak currencies, gas weigh
French retailer Carrefour SA announced Friday that first-quarter sales fell, hit by lower revenue from fuel and…
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industry & trade
Eni focused on starting up its Egypt gas field Zohr by 2017-end: CEO
Italy oil giant, Eni is focused on starting production at its giant offshore Zohr gas field in Egypt by end-2017,…
Sisi, Hollande to inaugurate business forum next Monday
Egypt’s President, Abdelfattah al-Sisi, and his counterpart the French president François Hollande will inaugurate…
Egypt allocates industrial lands to investors for free
Pieces of land in some of Egypt’s industrial zones can now be allocated gratis to investors according to a new…
German business community keen to boost Egypt investments: minister
The German business community is keen to increase their investments in Egypt, notably in construction,…
Saudi Arabia’s Savola: Egypt investments record $800 million
Saudi Arabia-based Savola Group’s total investments in Egypt currently exceed $800 million, its chief executive…
Saudi-UAE-Lebanese firms to build giant industrial city in Suez Canal
The ASEC-Capital alliance, which involves Egyptian, Saudi, UAE, and Lebanese firms, has signed Sunday a contract to…
Italy studies building three logistics zones in Egypt
Italy is studying setting up three logistics zones in Egypt for the storage of grains, vegetables, and fruits as…
Saudi Arabia is Egypt’s top Gulf investor: minister
Saudi Arabia is Egypt’s first biggest investor regionally and second globally, with volume of investments worth…
ACWA Power bets strongly on Egypt in coming five years
Saudi developer ACWA Power is planning to invest between $10-12 billion in Egypt in the next five years, its…
