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Industry & Trade
UK’s economy slumps to 40-year low in Q1
The UK’s economy witnessed the steepest drop since 1979 during the first quarter of 2020 as household spending…
Egypt, USAID join forces to execute $105 million projects – minister
Egypt and the United States Agency for International Development (USAID) have agreed on implementing five projects…
Egypt’s Qalaa first-quarter revenues rise 191%
Egypt’s Qalaa Holdings, a leader in energy and infrastructure, has recorded a 191 percent year-on-year increase in…
China says its factory activity expanded in June, PMI at 50.9
China on Tuesday said manufacturing activity expanded in June with the official Purchasing Manager’s Index coming…
Egypt puts state-companies stake sales on ice due to “unfavourable” market: minister
Egypt has shelved its plan to sell stakes in state-owned companies due to the “unfavorable” market conditions…
Egypt unravels new goldmine in Eastern Desert with more than 1M ounces
Egypt discovered new goldmine in the Eastern Desert, with reserves estimated at more than one million ounces of…
Egypt’s steel, iron, cement exports decline 41.4% in 5 months
Egypt’s exports of iron, steel, and cement decreased 41.1 percent in the first five months 2020 to record $254…
Egypt’s chemical industries make up $60bn annually
The annual production of the Egyptian chemical industries recorded about $60bn, according to Khaled Abu Al-Makarem,…
Egypt’s trade balance deficit falls 45% in April – CAPMAS
Egypt’s trade balance deficit declined 45 percent to $2.36 billion in April from $4.28 billion last year, the…
BP to sell petrochem business to INEOS for $5bn
BP, the London-based international oil company, has approved selling its global petrochemicals business to INEOS,…