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Industry & Trade
Zed Sports acquires majority stake in FC Masr
Zed Sports has acquired a majority stake in the Masr Football Company, which owns FC Masr.
Egypt establishes 32% of COMESA’s projects in 7 months
Egypt has implemented 32 projects in the Common Market for Eastern and Southern Africa (COMESA), accounting for 32…
Egypt establishes big new rail company to localise production of locomotives
The Suez Canal Economic Zone and the Sovereign Fund of Egypt signed on Tuesday an agreement to establish the…
Pioneers Holding’s extraordinary meeting agrees to split into 3 firms
The extraordinary general meeting (EGM) of Pioneers Holding Company for Financial Investment has approved to split…
Egypt assigns EGP 5.7bn investments for Beheira in FY20/21
Egypt’s Ministry of Planning and Economic Development has allocated 5.7 billion Egyptian pounds in investments for…
Germany’s services sector affected by COVID-19 lockdown: PMI
German service sector activity has contracted faster this month after restrictive measures were introduced to tame…
International Energy Agency tailors a plan for post COVID-19
As per the energy-focused COVID-19 recovery plan conducted by the International Energy Agency (IEA), actions and…
Egypt-Kenya bilateral trade hits $303m in H1-20
Trade exchange between Egypt and Kenya increased by 4.5 percent to $303 million during the first half (H1) of 2020…
Orascom Investment Holding sees much lower losses in 9M
Orascom Investment Holding (OIH) reported consolidated net losses of 17.89 million Egyptian pounds in the first…
G20 to discuss post-pandemic world, back debt relief
Leaders of the 20 biggest world economies (G20) will debate this weekend how to deal with the unprecedented…