Sainsbury, Tesco seek to cash in on banking
At a time of unprecedented tumult in Britain's grocery industry, the country's supermarket groups are leaning more…
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industry & trade
Sainsbury’s posts first Loss in Ten Years
British retailer Sainsbury's posted its first annual loss in a decade, hurt by property writedowns, deflation and…
UAE Dana Gas produces 37,700 barrels of Egyptian Oil daily in Q1
Egypt’s share of UAE Dana Gas’s total production during the first quarter (Q1) of 2015 was around 37,700 barrels of…
Sainsbury’s Egypt woes should be removed soon; says CFO
The dramatic legal woes of J Sainsbury's chief executive, Mike Coupe, in Egypt are an issue "we think we will…
Egypt inks 7 Solar, Wind deals worth U$500 million
Egypt’s Ministry of Electricity has signed seven binding Memorandum of Understanding (MOUs) worth $500 million in…
General Electric ties up with Qualcomm, Apple in new Lighting Business Bet
General Electric Co Monday announced collaborations with Qualcomm Inc and Apple Inc as it uses digital technology…
US, German Firms to help Egypt face Summer Energy Crisis
An American and a German firm will operate in Egypt to generate 3,600 megawatts of electricity together, Egypt's…
Mercedes-Benz won’t withdraw from Egypt Market, Assembly Services halted
Following a state of confusion that resulted from rumours that Mercedes-Benz plans to withdraw from the Egyptian…
Sainsbury’s Legal Disputes in Egypt to drag on as Hearing adjourned
A legal dispute in Egypt involving British supermarket chain Sainsbury and its chief executive Mike Coupe seems to…
Sainsbury’s Profit sees 17% Slump as Chief faces Embezzlement Battle in Egypt
Sainsbury's is set to announced a 17 per cent slump in its full-year profits this Wednesday, while it braces for an…
