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Industry & Trade
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…
Lufthansa sees losses of €2.1 bln loss after air travel declines drastically in Q1
Lufthansa reported a substantial loss for the first quarter and said restructuring was necessary as its results…
French economy will contract 11% in 2020, more hard days ahead
The French economy will shrink 11 percent during 2020 due to the coronavirus crisis and more hard days lie ahead…
Egypt issues new rules for shopping to curb the spread of coronavirus
Egypt's Minister of Supply and Internal Trade Ali Moselhy issues new ministerial directive for shops and commercial…
Honda Egypt launches new Accord, arranges test drives
Al-Futtaim, the exclusive distributor of Honda cars and bikes in Egypt, launched in May the all-new Honda Accord in…
Egypt’s manufacturing, extractive index down 8.7% in February amid coronavirus
Egypt's manufacturing and extractive industries index (without crude oil and petroleum products) fell by 18.7…
Overall tonnage in Suez Canal falls in May due to coronavirus pandemic
Egypt’s Suez Canal has recorded an overall tonnage of 94.8 million tonnes in May, down from 104.9 million tonnes in…
Egypt to start implementing two tyre plants with $900 investments
Chemical Industries Holding Company (CIHC), an affiliate to the public enterprise ministry,starts the executive…
China’s May factory activity unexpectedly expanded
China’s factory activity grew at a slower pace in May but momentum in the services and construction sectors…
Egypt’s dairy maker Domty profits surge to EGP 32.1 mln in Q1
Egyptian Arabian Food Industries Company’s (Domty) profits rose to 32.1 million Egyptian pounds ($2 million) during…