Business

Indian black carbon company plans to build $60M plant in Egypt

India is planning to invest $60 million in establishing a black carbon plant in Egypt. This decision was made during a meeting between Yehia El Wathek Bellah, the Head of the Trade Ministry’s Commercial Representation Authority, and prominent Indian c…

Cathay Pacific grounds 48 flights over A350s engine parts failure

Hong Kong’s Cathay Pacific Airways said it has cancelled 48 flights after discovering an engine glitch in one of its A350 aircraft, public broadcaster Radio Television Hong Kong reported Tuesday.

The city’s flag carrier said it identified an engine …

Infograph: IMF forecasts rise in Egypt gross international reserves

The International Monetary Fund (IMF) has projected a substantial increase in Egypt’s gross international reserves.

In its staff report for the third review under Egypt’s $8 billion loan programme, the IMF forecast a rise of 40.889 percent from $47.2…