BP swings to US$6 billion loss on Deepwater hit
BP PLC swung Tuesday to a loss in the second quarter, as earnings were hit by lower oil prices and a…
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industry & trade
Siemens to upgrade Egypt’s Electrical Railway Systems
German industrial giant Siemens Aktiengesellschaft signed Monday a preliminary agreement to upgrade the Egyptian…
Egypt’s Russian Industrial Zone to include Food, Car, Ship Manufacturing Projects
Russia’s anticipated industrial zone in Egypt is to encompass food, equipment, ship and car manufacturing projects,…
AstraZeneca sells rare cancer drug to Sanofi for up to $300mn
AstraZeneca (AZN.L), under pressure from falling sales of older drugs, is selling a medicine for a rare type of…
BG Egypt names oil and gas veteran as new president
BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as…
Italian Technip signs deal to upgrade Egypt Oil Refineries
Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements…
Egypt announces three new Oil Discoveries in Gulf of Suez, Eastern and Western Deserts
Egypt announced three new petroleum discoveries in Gulf of Suez, Eastern and Western desert with total reserves of…
Works on Cairo Metro 4th Line-Phase I to start this Sept
Egypt is to start carry out the first phase of Cairo’s underground fourth line project this September, chairman of…
Egypt-Kazakhstan committee to convene in Cairo in September
Cairo is to host meetings of Egypt-Kazakhstan Committee for Economic, Scientific and Technical Cooperation in late…
Siemens, ElSewedy build Suez’s 650-MW Power Plant in Record Time
German industrial group Siemens and its local partner El-Sewedy Electric announced Thursday that they had built a…
