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...
Russia starts building ferry that will link it to North Korea
Moscow (AFP) - The first ever ferry service linking Russia and North Korea was launched on Thursday, the company operating it said, hoping to...
New Delhi & The World Bank
The Government of India and the World Bank today signed a US$ 50 million credit for the Nai Manzil: Education and Skills Training for Minorities...
India to sell $1.5bn stake in oil firm
NEW DELHI: India said Friday it will sell a 10 per cent stake in top performing state-run refiner Indian Oil Corporation, the latest effort...
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...
Asia’s New Year Economic Resolutions
A tour of the prospects for the Asia-Pacific’s biggest economies in 2016.
New Year has arrived and with it that special time when resolutions are...
China’s central bank: Bitcoin offerings are illegal
Bitcoin has tumbled by the largest amount since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising...
Chinese are the biggest investors in the US
By Aya Khodair
Chinese nationals have become the largest foreign buyers of US & Western World’s top property buyers in Canada, Australia and other parts...
After U.S. exit, Asian nations try to save TPP trade deal
Australia and New Zealand said on Tuesday that they hope to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations to...
Russia and Iran sign $30bn energy agreements
FT reported that Russia and Iran have signed agreements to collabourate on “strategic” energy deals worth up to $30bn that will involve energy groups...
China’s African investments in 2016 exceed US and UK
Africa remains a virgin land of resources and opportunities, as well as, a consumer market with a growing population.
China is poised to take advantage...
Latest article
Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...