Wednesday, August 23, 2017

PT Palpa Satellite and China Great Wall Industry sign satellite system purchase contract

CHINA Great Wall Industry Corp and Indonesian firm Palapa Satelit Nusa Sejahtera signed a purchase contract for the latter’s satellite system, namely PALAPA-N1, scheduled...

Oil soars to one-year high on Putin output cap comment

Oil rose to one-year high after Russian President Vladimir Putin said on Monday that his country was ready to join OPEC efforts to stem...

Baoshan & Wuhan will merge to create world’s second-largest steel producer

By Aya Khodair Two of China’s largest steel companies have announced plans to merge for creating the world’s second largest steelmaker, as the industry struggles...

The Chinese biggest investor in the US

China’s Anbang Insurance Group hikes real estate and acquisitions market A sustainable hike in US real estate market is expected over the coming 5 years. By...

“Finance and enhancing growth, trade and investment, infrastructure, small & medium-sized enterprises, employment, and...

The 11th G20, Group of Twenty, Summit will be held in Hangzhou, Zhejiang on September 4 and 5 under the theme of “Toward an...

Iran says crude market oversupplied

Iran’s Oil Minister said the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reported. "The oil...

Didi to buy Uber’s China business in $35bn deal

Ride-hailing firm Didi Chuxing said on Monday it will buy Uber's China operations, in a deal that will give Uber a stake in the...

The Turkish economy suffers a slowdown

By MEO Foreign investors are leaving the Turkish market, banking sectors’ assets are falling and banks’ capitals are deteriorating. Consequently, the Turkish economy and Lira...

Iran reaches agreement to buy 100 Boeing aircraft

Iran said it has reached an agreement with American aerospace giant Boeing to purchase 100 aircrafts to renew its ageing fleet, though the deal...

How did China make it?

By Amira Elhamy  Recently, the Chinese government released a significant economic report about a remarkable decline in its poverty rate; the report indicated that China...

Russia, GCC countries approve oil & gas projects

By Eiman Rashed Russia and member countries of the Gulf Cooperation Council (GCC) have approved projects in oil and gas, energy and high-tech spheres, Russian...

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Egypt and Japan join forces to upgrade education

  By: Amira Elhamy When two countries, with long rooted civilizations enriched with achievements and history unite together, the outcome of such a union undoubtedly lays...

President El-Sisi two days visit in Germany promoting joint cooperation and ventures to serve...

An Egyptian delegation headed by President Abdel Fattah El-Sisi flew to Germany earlier this week on an official two day visit. The president’s participation...

Egypt’s energy future between reality & Challenges

Egypt is the second largest producer of natural gas in Africa after Algeria, yet Egypt’s power generation infrastructure is dependent on natural gas . More than...