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Egyptian Palm Hills expects deal on mega-project

  CAIRO / Reuters Egyptian property company Palm Hills expects to sign a revenue-sharing deal with the government this year to develop what would be the country’s second-largest real estate project, one of its co-chief executives said. The country’s property sector has boomed in recent years as the population grew to more than 91 million, with demand driven higher by ...

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‘Nothing’s simple’, Belgium says as it inks EU-Canada deal

  Brussels / AFP Belgium on Saturday officially signed the landmark EU-Canada trade accord after a drama that saw Belgian regions threaten to torpedo years of negotiations. “Nothing is simple in Belgium but few things are impossible,” tweeted Belgian Foreign Minister Didier Reynders after signing the pact on behalf of his country. EU Trade Commissioner Cecilia Malstrom, who negotiated the ...

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VW labour boss to block investment without production accord

  Bloomberg Volkswagen AG’s worker representatives will block investment decisions unless the German carmaker’s management commits to production programs that secure jobs, top labor leader Bernd Osterloh said in an interview. The hard-line stance sets up tense negotiations in the coming weeks over the so-called Future Pact. The labor agreement at Volkswagen’s namesake brand is aimed at cutting costs to ...

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