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Industry & Trade
Egypt Purchasing Managers Index increases 37% in May-Planning Ministry
The Purchasing Managers Index (PMI) went up in May by about 11 points from 29.7 to 40.7, recording 37% increase in…
Egypt’s non-oil imports fall 21.2% in four months – CAPMAS
Egypt's non-oil imports fell 21.2 percent during the January-April 2020 period, recording $18.805 billion against…
Egypt executed 2,176 Saudi-financed projects since 2013 – minister
Egypt has financed 2,176 projects in 27 governorates since 2013 through a Saudi Arabian grant worth $200 million,…
No increase in Egypt’s basic commodities’ prices – statement
Egypt's Cabinet dismissed on Thursday news reports about hiking prices of basic commodities due to a shortage in…
U.S. factory orders extend decline in April amid coronavirus
New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than…
Egypt economy records 5% growth during Q1-minister
Egypt achieved real economic growth hitting 5 percent during the third quarter of the current fiscal year, however…
Egypt waives EGP 5.3 bn-worth of natgas arrears owed by factories
Struggling state-owned and private sector factories will not have to pay 5.3 billion Egyptian pounds in overdue…
Egypt banning white sugar imports for three months – document
Egypt is banning raw sugar imports for three months unless special permission is granted, the official gazette…
Egypt proritises Upper Egypt development with $2.9bn investments – minister
The community programme, which is applied in Upper Egypt, aims to push development in Sohag and Qena governorates…
European business slump eased in May, long road to recovery
Euro zone businesses suffered another devastating contraction in activity in May and while there are signs the…