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Industry & Trade
Egypt seen a trade balance deficit by 8.6 % during June
Egypt has seen a deficit in its trade balance by 8.6 percent to record $3.30 billion during June 2020, down from…
U.S. is still in a ‘very significant recession’ despite job gains, Fed official says
A full recovery won’t happen until the coronavirus pandemic is under control despite recent unemployment data on…
Egypt, Jordan, Iraq to establish power linkage, oil pipeline
Egypt, Jordan and Iraq announced the establishment of an electrical interconnection line between the three…
Egypt’s exports to U.S. rise 31% in 2019 under QIZ – minister
Egypt’s exports to the United States rose 31 percent to $2.1 billion in 2019 from $1.6 billion in 2018 under the…
Mogamma El-Tahrir among assets transferred to Egypt’s sovereign wealth fund
Egypt will transfer the ownership of seven public buildings and their land plot to the Sovereign Fund of Egypt,…
Egypt, Poland in talks over investment opportunities in SCZone
Egypt and Poland discussed on Friday to discuss potential investment opportunities in the Suez Canal Economic Zone…
Egypt’s PMI slightly down in August; business activity rises for 2nd month in row
Egypt's non-oil private sector economy witnessed a growth in activity and demand in August for the second…
LG Electronics to pump $50m investments in Egypt
LG Electronics Egypt is planning to up its investments in the country by $10 million in 2020 in order to launch new…
Zara, Bershka’s owner suspended from exporting products to Egypt
Spanish multinational clothing company Inditex, which owns popular fashion brands such as Zara, Bershka Massimo…
UAE’s Dana Gas negotiating with IPR energy on sale of Egypt assets – sources
The United Arab Emirates-based energy producer Dana Gas is in talks over details of a sale of its Egyptian assets…