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Industry & Trade
Egypt looking to ban importing products with local alternatives
Egypt plans to implement a mechanism banning the import of any product that has a local alternative, in order to…
Sawiris hopeful talks to buy stake in Egyptian mining firm to conclude in ‘few weeks’
Egyptian billionaire Naguib Sawiris said on Sunday he is hopeful that negotiations to acquire a 51 percent stake in…
Auto sales in Egypt will shrink by 8.2% during 2020: Fitch Solutions
Vehicle sales in Egypt are expected to shrink by 8.2 percent as the industry faces headwinds and “worsening local…
Egypt’s Suez Canal revenues drop to $5.72 billion in FY2020
Egypt’s Suez Canal revenues declined to $5.72 billion during the 2019/2020 financial year from $5.75 billion during…
Egypt’s Alexandria Company for Pharmaceuticals to launch new lines of disinfectants
Egypt’s Alexandria Company for Pharmaceuticals and Chemical Industries plans to set up new production lines for the…
Siemens sees up to 20% drop in business in April-June quarter
German engineering company Siemenssaw the volume of business contract by as much as 20% in the three months to June…
German economy minister sees economic recovery starting October
Germany’s economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier…
Moderna delays coronavirus vaccine trial – report
Shares of Moderna shrank on Thursday as much as 9.4 percent on a report that said the company’s late-stage trial…
Italy’s Eni unveils new gas discovery off Egyptian Nile Delta coast
Italy's oil company, Eni announced on Wednesday a new gas discovery off the Egyptian coast in the Mediterranean.
UK manufacturing steadies in June after historic slide
The historic collapse in British manufacturing caused by the coronavirus lockdown abated in June as companies…