Browsing Category
Industry & Trade
Centamin earnings jump on strong gold prices, higher Egypt mine output
Gold miner Centamin Plc reported higher first-half pretax profit, buoyed by increased output from its Sukari mine…
Leather products sales in Egypt see 25% increase during Eid al-Adha
The Egyptian leather market has seen a sales growth between 20 percent and 25 percent during Eid al-Adha holiday in…
Lekela is directing “most” of its investments into Egypt renewable energy sector
Actis-backed Lekela Power is planning to direct “most” of its investments in the coming period to Egypt, Lekela…
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…