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Industry & Trade
UK economy contracted by 20.4% in April, the largest monthly fall on record
The U.K. posted the biggest monthly fall in GDP (gross domestic product) on record in April, according to the…
International trade set to shrink 27% in Q2 after April ‘nosedive’: UNCTAD
International trade is set to plunge by 27 percent in the second quarter and by 20% for the year, as major sectors,…
Zara to close up to 1,200 fashion stores worldwide
Zara owner Inditex will close up to 1,200 smaller stores by 2021 and will instead focus on its bigger stores and…
Egypt’s marble, granite exports fall 31% in 4 months – report
Egypt’s exports of marble and granite dropped 31 percent year-on-year to $31 million pounds during the first four…
Egypt pays EGP2bln of export subsidies in two months
Egypt has disbursed arrears more than 2 billion Egyptian pounds ($123.5 million) of export subsidies during April…
Telecom Egypt’s revenues goes up yet net profits slides during Q1
Telecom Egypt reported 7 billion Egyptian pounds in revenues in the January-March period, increasing 15 percent…
Egypt, South Korea clinch $2.9mn deal to improve patent office – minister
Egypt’s Minister of International Cooperation said exchanged letters have been signed with South Korea to extend a…
Egypt’s annual headline inflation rose by a slight margin in May, despite…
Egypt's annual headline inflation rose by 0.1 percent to 107.7 points in May from 107.5 points a month earlier,…
Egypt allocates $525.1 mln for new SMEs industrial complexes – minister
8.5 billion Egyptian pounds ($525.1 million) has been allocated for the establishment of new industrial complexes…
Gilead’s Remdesivir study on monkeys shows drug reduced lung damage linked to coronavirus
Gilead Sciences’ antiviral drug remdesivir has helped to prevent macaques infected with the coronavirus from…