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Industry & Trade
Saudi Arabia to launch $4 billion tourism development fund
Saudi Arabia plans to start a tourism development fund with an initial capital investment of $4 billion, the…
Egypt signs 12 oil, gas exploration agreements with $1bn investments
Egypt signed 12 agreements with major international companies for oil and gas exploration in the eastern and…
Egypt-US trade exchange nearly falls by 25% during Q1
The volume of trade exchange between Egypt and the US hits $1.415 billion during first quarter of 2020, against…
Egypt House passes FY2020-2021 budget with bigger allocations for health, education
The House of Representatives approved in a plenary session the state’s budget for FY2020-2021 increasing the total…
China pumps investments of $35 million into Egypt during Q1
The Chinese direct investment in Egypt reached $35 million during the first quarter of 2020, while the total…
Dettol Egypt holds a virtual medical conference discussing R&D endeavors in Egypt
Academy of Scientific Research & Technology (ASRT) together with Dettol Egypt held a virtual medical conference…
Egypt announces a new oil discovery in Suez Gulf
Ministry of Petroleum announced a petroleum discovery in the offshore Geisum concession in the south of the Gulf of…
Egypt remains largest FDI recipient, yet FDI inflows to Africa drop by 11% in 2020: UNCTAD
Foreign Direct Investment (FDI) was reduced to all African countries except for Egypt, with FDI to to North Africa…
Gilead says to start testing remdesivir in children
Gilead Sciences Inc, which makes the antiviral drug remdesivir and is now testing it for potential coronavirus…
Germany’s CureVac to launch human trial of experimental coronavirus vaccine
German biotech firm CureVac is set to begin human trials of a potential coronavirus vaccine, Germany’s vaccines…