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Investment
Average monthly tourism revenues for 2020 have declined 85-92%, minister
Average monthly tourism revenues for 2020 have witnessed a decline of 85-92 percent, according to Sandra Farid, an…
AstraZeneca on track to report Oxford coronavirus vaccine data within a week
British drugmaker AstraZeneca, working with the University of Oxford, is on track to report early data from a…
Vodafone Egypt pre-tax profits at €316 million in H1-FY2020/21
Vodafone Egypt said on Tuesday it posted profits before interest and tax worth €316 million (around 5.7 billion…
UAE’s investments in Egypt exceed $7bln, minister
The United Arab Emirates (UAE) investments in Egypt exceed $7bn in different projects, with additional $7bn worth…
Prime Speed Medical inks deals with five airlines to provide COVID-19 testing
Speed Medical Company announced that its 30 percent-owned sister company, Prime Speed Medical, signed agreements…
Endeavour buys rival Teranga to create new top 10 senior gold producer
Canada’s Endeavour Mining, 24.12 percent owned by the Sawiris family, announced on Monday it had agreed to buy…
Egyptian digital bill payments firm Fawry nine-month profits jump 90.4%
Egyptian digital bill payments firm Fawry reported on Monday a 90.4 percent year-on-year growth in profits for the…
Egyptian government considers reviewing industry natgas on quarter basis
The Egyptian government is considering increasing the frequency of which it reviews natural gas prices for the…
Elon Musk says ‘most likely’ has a moderate case of COVID-19
Tesla Inc Chief Executive Officer Elon Musk said on Saturday he “most likely” has a moderate case of COVID-19, as…
Egypt’s sugar import ban is hurting EU sugar exports, Bloomberg says
The European Union’s sale of sugar to Egypt is at a four-year low thanks to Egypt’s ban on imports as part of a…
