Foreign currency – Courtesy of Pexels Foreign currency – Courtesy of Pexels

Business news wrap-up

Sat, Dec. 16, 2017

Zohr gas field starts pumping gas


Egypt officially operated Zohr gas field on Saturday at a capacity of 350 million cubic feet a day.

New MSMEDA office opens in Cairo’s Shak El-Thoban


The office will offer financial, technical, training and marketing support for the projects in the area to enhance their productivity.

Trade Ministry forms a council on transportation, logistics


Trade Minister Tarek Kabil issued a decree on Saturday to form a council for transportation, logistics and shipping.

Notable progress made in Egypt’s investment field: Nasr


Egypt has recently passed a new investment law that includes a bundle of incentives and guarantees for investors.

China, UK vow to strengthen economic, financial cooperation


China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues.

Egyptian companies have priority in Libya's reconstruction process


The Egyptian companies will be given priority in the reconstruction process in Libya.


Iraq plans oil pipeline network to cover all its territory


Iraq plans to build a pipeline network to carry oil products across all its territory as an alternative to expensive Jabar al-Luaibi said on Saturday.
 
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