Siemens says profit rises 42%; raises 2016 guidance
German industrial giant Siemens AG posted a 42 percent jump in net profit for the first quarter of fiscal year 2016…
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industry & trade
Hyundai profit drops again
Hyundai Motor Co. reported Tuesday another quarterly earnings decline, hit by slowing demand in China and emerging…
Scandal prompts Adidas to cut short IAAF sponsor deal
German sportswear company Adidas AG is to end its sponsorship deal with the International Association of Athletics…
BP Egypt: LNG shipment was diverted to manage peak demand
Egypt said Sunday that one of its LNG shipments to Egypt was held back this month as part of a deal over the timing…
Siemens to purchase CD-adapco for close to $1 billion: source
Siemens AG (SIEGn.DE), Europe's biggest industrial group, has agreed to buy CD-adapco, a privately held U.S.…
Siemens, ElSewedy, Orascom sign integrity, clean business deal for Egypt power project
German industrial giant Siemens has signed project-specific compliance agreements with two of its key local…
Egypt’s EGAS says BP’s LNG cargo postponed, denies payment trouble
Egypt's state-owned EGAS stated Friday it had postponed a liquefied natural gas (LNG) delivery from BP last month…
Shanghai Electric signs power project in Egypt worth over $2 billion
China’s Shanghai Electric Group Co Ltd signed Thursday an agreement to establish a coal-fired power station worth a…
Egypt’s EFG-Hermes plans renewable energy investments in Europe, MENA
Egypt-based EFG-Hermes Holding, the largest independent Arab investment bank, is planning to build a portfolio of…
Egypt participates in Africa Free-trade zone talks next February
Egypt will be taking part next February in a new round of negotiations to create Africa’s largest free-trade zone,…
