Browsing Category
Industry & Trade
Egypt’s trade deficit falls 35% in four months – minister
Egypt’s balance of trade deficit declined by $5.570 billion or 35 percent year-on-year during the first four months…
US GDP falls 5.0% during Q1, vs 4.8% drop expected
US first-quarter GDP falls 5.0 percent, however the second reading of second-quarter U.S. gross domestic product…
Egypt’s non-oil imports decrease 24% in 4 months
Egypt’s non-oil imports slumped by 24 percent during January – April 2020, with their value falling to $18.8…
Russia’s Rosatom declares first coronavirus case among staff at Egyptian branch
Russia’s state nuclear energy company Rosatom announced on Wednesday a positive coronavirus case among staff at the…
Marriott says Coronavirus pandemic’s financial impact on its business is worse than…
Marriott International said on Wednesday that the coronavirus pandemic is "having a more severe and sustained…
Mercedes-Benz to allow employees to work remotely through 2020
Mercedes-Benz confirmed on Wednesday it is allowing employees at its U.S. headquarters near Atlanta to work…
Disney unveils plans to reopen in mid-July
The Walt Disney Company announced on Wednesday plans to begin to reopen gradually some of its parks later in…
Boeing to lay off 7,000 employees this week as virus wrecks demand
Boeing will lay off this week 7,000 employees, just a portion of the layoffs the aircraft manufacturer targets as…
Egypt produces 7.2 bcf per day of natural gas – Cabinet
Egypt’s production of natural gas stands at an average of 7.2 billion cubic feet (bcf) per day, the cabinet said in…
India to scrutinize of new portfolio investors from China, Hong Kong
India has drafted rules proposing tighter scrutiny of new Foreign Portfolio Investors (FPIs) from China and Hong…