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Industry & Trade
Egypt to reduce number of state-owned enterprises through mergers
The government is planning to reduce the number of state-owned enterprises (SOEs) to 90 from 119 in FY2020-2021…
Banks are obliged to notify customers when removed from blacklists: CBE
The Central Bank of Egypt (CBE) has issued new instructions, requiring banks to notify their customers when…
Egypt’s Eva Pharma begins manufacturing of coronavirus drug Avipiravir approved by…
Egyptian drugmaker Eva Pharma announced on Monday that it has begun manufacturing antiviral drug Avipiravir, which…
Italy arrests Siemens, Alstom executives over Milan subway deals
Italian tax police arrested 13 people, including executives of the Italian units of Germany’s Siemens and France’s…
Euro zone economy downturn slows significantly in June, PMI index increases
The downturn in the euro zone continued to recover in June, according to data Tuesday, giving the latest indication…
Egypt’s Rameda starts manufacturing Anvigan like drug for COVID-19 treatment
Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has started manufacturing the…
Egypt’s GASC buys 59k tonnes of soyoil in local tender – traders
Egypt’s state buyer GASC bought 59,000 tonnes of soyoil at its latest local buying tender, Cairo-based traders said…
PepsiCo shuts its factory in Beijing after reporting 8 coronavirus cases
PepsiCo has shut down its factory in Beijing after reporting eight cases of coronavirus, a company spokesperson…
Egypt to invest $2.1 bln in agriculture sector in FY2021 – minister
Egypt plans to allocate 34.5 billion Egyptian pounds ($2.1 billion) for investments in its agriculture sector…
Procter& Gamble to invest more than $50 million in Egypt by 2021
Procter and Gamble Company targets to pump more than $50 million in the Egyptian market during 2020 and 2021,…