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Industry & Trade
Egypt’s Giza Spinning delays IPO until Q1-2022 amid coronavirus jitters
Egyptian textiles company Giza Spinning and Weaving is delaying plans for an initial public offering (IPO) until at…
Egypt supports tourism, aviation sectors with EGP 5bn during COVID19 crisis
The Egyptian Prime Minister, Mostafa Madbouly, said that the country supported the tourism and aviation sectors…
Egypt Cabinet implemented 100% of the economic reform programme, PM tells parliament
Egypt's government managed to implement 100 percent of its economic reform programme, Prime Minister Moustafa…
Foreign investments in Egypt’s debt instruments rise to $26bn, closer to…
Foreign investments in Egypt’s debt instruments increased to $26 billion as the market started to recover from the…
Egypt supports exporters with EGP 21bn during 2020
The Egyptian government spent more than 21 billion Egyptian pounds during 2020 to support exporters, the Minister…
State revenues will likely fall by EGP 150 bln in FY 2020/21 on Covid-19
State revenues are estimated to decrease by not less than 150 billion Egyptian pounds in this financial year owing…
Transmar succeeded in promoting trade, doubling reefer container shipping
Transmar, a wholly-owned subsidiary of IACC Holdings, a leading container shipping company-owned and operated…
14.7% increase in health expenditures during H1 of FY 2020/21: Maait
Egypt witnessed an increase in health sector expenditures by about 14.7 percent, mainly directed to finance medical…
Egypt’s budget deficit to GDP ratio receded to 3.6% in H1 FY20/21, revenues rose by 16%
Egypt’s budget deficit to GDP ratio declined to 3.6 percent in the first half of the current FY2020/2021…
Egypt achieves primary surplus of EGP 14bn during H1 FY20/21 despite COVID-19
Egypt recorded a primary surplus of EGP 14 billion during the first half (H1) of fiscal year 2020/2021 despite the…