The petroleum sector fully owns the offshore drillers Al-Qaher 1 and Al-Qaher 2, after the share of the Natural Gas Holding Company increased to 85 percent and South Wadi Petroleum Holding Company to 15 percent.
The minister said the government is deeply interested in accomplishing this project and is looking forward to the contribution of more international automobile companies.
Sisi discussed on Sunday with the head of Japan's Toyota ways of expanding the company's investments in Egypt.
Fernando Alonso will be replaced by New Zealander Brendon Hartley in the Toyota World Endurance Championship (WEC) team after the 24 Hours of Le Mans in June.
Toyota and SoftBank’s new venture will start with 2 billion yen ($17.5 million) in capital, with SoftBank owning just over half of the business.
Toyota, one of the world’s largest carmakers, and Uber [UBER.UL], the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars.
The maker of the Prius, the world’s first mass-produced “eco-friendly” gasoline-hybrid car in the 1990s, says it can popularize FCVs in part by making them cheaper.
Ambassador Kamel visited the Toyota Takaoka Assembly Plant, also known as Takaoka Plant, in Toyota City that produces 1,200 vehicles of various Toyota models per day.
Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm.
A wrap-up of the most prominent business news of the day.
Having been in the market for more than 40 years, Toyota has decided in 2017 to increase its investment in Egypt over a five-year span.
Petroleum Minister Tarek el-Molla discussed with Japanese company Toyota on Sunday an initial study to establish a refineries complex in Suez governorate.
Toyota Motor Corp lifted its full-year profit forecast by 10 percent on Tuesday after posting its best quarterly operating profit in two years.
Toyota Motor Corp announced on Monday a self-driving electric concept vehicle that it will tailor for companies to use for tasks like ride hailing.
Toyota said last month it expected to sell 10.35 million cars worldwide in 2017.
Former Toyota Motor Corp President Tatsuro Toyoda, who helped the Japanese automaker become a global industrial power in the early 1990s, has died at the age of 88.
Toyota Motor Corp said its solid-state battery technology under development could be a “game changer” for electric vehicles.
Toyota Motor Corp will suspend operations at all of its assembly plants in Japan, including those of its subsidiaries.
The wind farm is developed by a consortium of Egypt’s Orascom Construction, France’s GD France, and Japan’s Toyota.
Toyota intends to build the next version of its Auris car at its British car plant on the assumption that the government secures a transitional Brexit deal.