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Industry & Trade
Marks & Spencer to cut around 7,000 jobs amid coronavirus sales slump
British retail giant Marks & Spencer to cut around 7,000 jobs as part of a further shake-up of its stores and…
Egypt establishes 18 commercial, logistics zones in 11 governorates
Egypt established 18 commercial and logistics zones in 11 governorates nationwide, with investments worth around 49…
Japan suffers record contraction during Q2 due to Covid-19
Japan suffered its biggest economic contraction on record in the second quarter as the coronavirus pandemic hit…
Saudi consumer price index jumps to 6.1% after VAT increase
Saudi Arabia's consumer price index jumped 6.1 percent in July compared with a year earlier, boosted by a tripling…
Egypt hosts second multi platform for effective development cooperation
Egypt’s Ministry of International Cooperation hosted the second virtual Multi-Stakeholder stakeholder platform on…
Egypt’s biggest logistics zone in Tanta attracts EGP 6bn investments
Egypt’s Downtown Delta project in Tanta, first and biggest trade and logistics zone, has attracted investment of 6…
Additional allocation of EGP 80bn won’t affect Egypt’s 19/20 budget deficit
Assigning additional 80 billion Egyptian pounds to Egypt’s budget for fiscal year 2019/2020 will have no impact on…
Egypt’s unemployment rate 9.6% up in Q2 – CAPMAS
Egypt’s unemployment rate increased 9.6 percent during the second quarter of this year from 7.5 percent a year…
Egypt invests EGP 86 billion in railways – PM Madbouly
Egypt has invested around 86 billion Egyptian pounds ($5.4 billion) in railways to provide better service to…
Egypt’s NREA, Denmark’s Vestas to ink 250MW wind farm deal
Egypt’s New and Renewable Energy Authority (NREA) and Denmark's wind turbine manufacturer, Vestas will sign on…