Sumitomo Electric to establish 2nd factory in Egypt
Japanese company Sumitomo Electric Industries will invest in Egypt through establishing a factory in 6th of October City with a...
Business
Local production of Peugeot vehicles in Iran to resume in 2017
For more than 30 years, Iran was an important market for France's PSA Group, parent company of the Peugeot and...
Airbus finalizes $18 billion jet deal with Iran
European plane maker Airbus Group SE said it had finalized a controversial deal to sell more than $18 billion worth...
GCC car sales forecast to rise to 1.4 million by 2020
The number of passenger cars in use in the GCC region is expected to grow at 5 percent annually from...
Spinneys opens second store in New Cairo
Spinneys opened its second store in Cairo, celebrating more than 10 years as Egypt’s foremost supplier of grocery and household...
Qatar allocate plots valued over $8 billion to private businesses
Qatar has allocated plots to private businesses within the logistics and warehousing sectors, in an effort to enhance the trade,...
Iran seals $17 billion Boeing deal, close to Airbus order
Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Sunday and was said to be close to...
Private sector leads growth in Iran steel industry
A fast-developing country, marked by a fast-growing population – 80 million and rising – and a high level of urbanization, with 70% living...
$10 million glass factory to open in Zahleh
Glasspack, a newly established company, will open in mid-2018 a factory for the manufacturing of glass bottles and jars in...
$4.6 billion industrial port project planned on the Suez Canal
Russia's Trade Minister Denis Manturoc announced that Egyptian President Abdel Fattah al-Sisi had allocated Moscow an 80 hectare area in...
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