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Egypt Signs $1Bln Deal With Russia, France, Oman on Liquefied Gas Import

Egypt has signed a $1 billion contract with three international companies to import 45 shipments of Liquefied Natural Gas (LNG) to be delivered by the start of March, Al-Ahram Daily ...
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Oil prices rise as investors pour fresh cash into crude futures

Reuters. Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose that new US sanctions against Iran could be extended ...
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Toyota nine-month net profit falls but annual outlook up

The Japan News. Toyota Motor Corp. said on Monday that net profit in the nine months to the end of December fell by almost a quarter on-year but its full-year ...
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EEHC, Euro Africa Company sign MoU to conduct a feasibility study to link Egypt, Cyprus, Greece

Daily News Egypt. The Egyptian Electricity Holding Company (EEHC) signed a memorandum of understanding (MoU) with Euro Africa Company to conduct a feasibility study to implement an electricity project that would ...
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Egypt, UAE agree on establishing bilateral political consultation mechanism

Ahram Online. Egypt’s Foreign Minister Sameh Shoukry and the United Arab Emirate’s (UAE) Foreign Minister Abdullah bin Zayed al-Nahyan agreed on Saturday to establish a bilateral political consultation mechanism with meetings ...
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Chicago Stock Exchange plans new speed bump to curb fast traders

Source:Reuters. The Chicago Stock Exchange has proposed a new speed bump that certain traders could bypass if they agree to strict trading obligations on the exchange aimed at making it ...
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EETC contracts with EGEMAC to supply two transmission stations worth EGP 350m

Source: Daily News Egypt. Egyptian Electricity Transmission Company (EETC) has signed a contract, worth EGP 350m, with the Egyptian German Electrical Manufacturing Company (EGEMAC) to supply two power transmission stations ...
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Hyundai may source car battrries from china

Source: Reuters. Hyundai Motor said on Wednesday it may procure electric vehicle batteries from Chinese companies for a planned China model after South Korean battery makers failed to make a list ...
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IBM invests $70m in Africa

Source: Daily News Egypt. IBM announced that it will invest $70m in developing digital, cloud, and cognitive IT skills to help support a 21st century workforce in Africa.The initiative, “IBM ...
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Twitter losses widen in the last quarter 2016

Source: BBC. The social networking service reported a loss of $167m (£133m) in the final three months of 2016. There were 319 million active users, 4% up on a year earlier, but ...
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Germany’s gold has come home.

Source: CNN. The country’s central bank has completed a transfer of gold bars worth $13 billion from New York to Frankfurt, part of a plan to repatriate roughly half the ...
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British Gas freezing its energy prices

Source: Sky News. British Gas has extended a freeze on energy prices as Scottish Power became its latest Big Six rival to announce a hike. The Government said it was “completely ...
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