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Foreign workers in Egypt’s Port Said got mandatory vacation amid coronavirus fears
Foreign employees operating in Port Said city will be obliged to take mandatory vacation over coronavirus concerns,…
Egypt halts alcohol, face masks exports for 3 months
Egypt has issued two decisions stopping the exports of face masks, anti-infective supplies as well as alcohol and…
Egypt lowers industrial gas price to $4.5/mmBtu amid coronavirus outbreak
Egypt on Tuesday cut the price of natural gas for industrial use to $4.5 per million British thermal units (mmBtu)…
Microsoft shut all of its retail stores due to coronavirus
Microsoft announced on Monday closing down all of its retail stores in response to the coronavirus outbreak…
Egypt’s exports seen falling 25% as coronavirus batters trade and business – expert
Egypt’s exports are likely to tumble 25 percent this year, as the health crisis triggered by the coronavirus…
Global financing may face a ‘Sudden Stop’ with coronavirus as main driver: IIF
“We worry a global sudden stop in financing is beginning to emerge, with COVID-19 the underlying driver,” the…
Apple to close all stores outside of China in response to coronavirus
Apple said it will close all of its stores outside of Greater China until March 27 to reduce the risk of the…
Aramco’s 2019 profit falls 21% due to drop in oil prices
Oil giant Saudi Aramco reported a 21 percent decline in 2019 net profit due to a drop in oil prices and production,…
OPEC: Egypt among countries to see largest oil supply falls in H2
Global oil demand is assumed at 99.73 mb/d in 2020, but the second half of 2020 is forecasted to see higher…
Egypt to replace old microbuses with brand new ones
Egypt reviews steps to start implementing an urgent plan to replace the old microbuses with more advanced dual…