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Industry & Trade
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…
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 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…
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…
Asia forms world’s biggest trade bloc, a China-backed group excluding U.S
Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, a China-backed deal that…
Egypt unemployment dropped to 7.3% in Q3: CAPMAS
Egypt’s unemployment rate dropped to 7.3 percent in July-September, down 0.5 percent from the same period in 2019,…
PM visits a wiring cable factory in Port Said with EGP8 billion investments
Prime Minister Mostafa Madbouli visited SE Wiring Systems Egypt company factory, located in South Port Said…