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Industry & Trade
Egypt allocates EGP 10bn in FY19/20 budget to cushion COVID-19 impact
Egypt has made an additional allocation of 10 billion Egyptian pounds ($618,410 million) in its budget for fiscal…
Egypt among best 18 business service centre locations in EMEA – report
Egypt has been ranked among the best 18 business service centre locations in Europe, the Middle East and Africa…
Coca-Cola Egypt is planning to invest EGP 1 billion during 2020
Coca-Cola Bottling Company of Egypt (Coca-Cola Egypt) is planning to invest 1 billion Egyptian pounds ($61.8…
Egypt is reviewing new export support programme, following complaints
The Egyptian government has postponed implementing a new scheme to support exporters following complaints about…
Evergrow to float 25% of its shares on Egypt’s stock exchange by 2021-end
Egyptian fertilizer company Evergrow is planning to sell a 25 percent stake in an IPO on the EGX by the end of …
Egypt’s drug maker, Eva Pharma to manufacture Gilead’s remdesivir for…
Egypt-based Eva Pharma has signed a deal with Gilead Sciences for manufacturing and sale of remdesivir, which has…
Egypt, AFD ink €50m deal to upgrade Cairo Metro Line 1
Egypt has signed a funding agreement worth €50 million ($56.3 million) with the French Development Agency (AFD) to…
Egypt to sign free trade agreement with UK soon – minister
Egypt is set to sign a free trade agreement with the UK soon as the negotiations are in final stages, Egyptian…
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,…