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Industry & Trade
Egypt attracts 32% of total FDIs in the Arab region with in 5 years
Egypt was the top destination for FDI in the Arab world during the past 5 years, getting $124.5 billion worth of…
Egypt’s arrears to foreign oil firms drop to $850mn end-June: minister
Egypt’s arrears to foreign oil companies decreased to $850 million at the end of June from $900 million last year,…
EU signs a deal with Gilead to provide COVID-19 medicine remdesivir
The European Union’s executive said it has signed a contract with Gilead for its COVID-19 medicine remdesivir that…
Global Air travel not expected to recover until 2024
Global air travel is recovering more slowly than expected and it will take until 2024 to return to pre-pandemic…
Egypt’s trade deficit falls 36.2% in May – CAPMAS
Egypt’s balance of trade deficit narrowed 36.2 percent to $2.59 billion in May from $4.05 last year, data released…
Gov’t considers flight discounts under consumer spending initiative
The government is looking into adding domestic tourism in its recently launched consumer spending initiative…
Egypt to open world-largest textile plant in September 2021-minister
Egypt will inaugurate its largest textile factory in the world in September next year according to Public…
India’s LuLu Group is planning to invest $500mn in Egypt over 3 years
India’s LuLu Group is planning to invest 500 million in Egypt over the next three years to build out its branch…
Mediterranean gas discovery off Egypt could produce 32mn cubic feet/day – minister
The new gas discovery off Egypt’s Mediterranean coast could produce up to 32 million cubic feet per day, its…
Sisi opens new textile industrial complex in Egypt’s Sharqiya
Egypt's President Abdel Fattah al-Sisi inaugurated on Tuesday the first phase of a new industrial complex in 10th…