CIB Egypt donates $7m to support efforts against coronavirus
The Commercial International Bank - Egypt (CIB) announced a contribution of $7 million to help the government in…
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Egypt’s Evergrow postpones launch of mega projects due to coronavirus
Egyptian fertilizer company Evergrow will postpone the launch of its two mega projects until the current…
Egypt discusses imposing new fees of 10% on imported iron
The Egyptian parliament’s budget and planning committee discussed a draft law to impose a new a financial resource…
Nestlé halts work at a factory in Egypt after detection of coronavirus cases
Nestlé shut down a factory in the 6th of October City, Egypt on Monday after detecting a number of coronavirus…
IDA excludes issuing new steel, cement licences amid production surplus
Egypt's Industrial Development Authority (IDA) excludes the possibility of issuing new steel and cement production…
Majid Al Futtaim to establish 5 new Carrefour branches post coronavirus
Dubai-based mall operator Majid Al Futtaim is looking to open 5 new Carrefour branches after coronavirus crisis,…
Carrefour Dandy Mall seen a worker tested positive for coronavirus
Carrefour Egypt announced that a staff member at one of its Giza branches has tested positive for coronavirus.
Egypt to settle 1.5 billion pounds in arrears for 1,177 exporters
Egypt plans to settle 1.5 billion Egyptian pounds ($95.2 million) worth of arrears in favour of 1,177 exporters,…
Egypt extends temporary billet fees until October
Egyptian iron rolling factories have received a notice saying that the decision of the ministry of industry and…
Egypt’s PMI sees steep drop during March amid coronavirus
Egypt' manufacturing Purchasing Managers' Index (PMI) dropped significantly to 44.2 in March 2020 from 47.1 in…