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Industry & Trade
Egypt’s Pharco to start testing three experimental drugs for coronavirus next month
Egypt’s drugmaker Pharco Pharmaceutical said on Wednesday it expects to begin testing three new drugs that could…
China April exports make a surprise jump in April yet imports tumble
China’s exports bounced back in April, beating forecasts and suggesting that an expected demand shock from…
Egypt has spent EGP 40 billion out of EGP100 billion to confront coronavirus; says FinMin
Egyptian government has spent 40 billion Egyptian pounds out of 100 billion pounds allocated to curb the spread of…
Egypt’s Evergrow postpones launch of mega projects due to coronavirus
Egyptian fertilizer company Evergrow will postpone the launch of its two mega projects until the current…
Egypt launches initiative countering coronavirus economic implications
Egypt’s Ministry of Planning launched on Tuesday Misr Hat’aady (Egypt will pass) initiative to encourage the…
Clorox sees 500% rise in demand for disinfectants since March
Clorox, one of America’s most well-known manufacturers of cleaning products, said on Wednesday it has seen a 500…
Against all odds, Egyptian billionaire Naguib Sawiris says he would buy airlines
Egyptian billionaire Naguib Sawiris told CNBC on Tuesday he would buy airlines, going against fellow billionaire…
EU may see 7.4% contraction during 2020 in worst economic shock since 1930s
The European Union will contract 7.4% in 2020 as the coronavirus pandemic brings the worst economic shock since the…
Egypt settles arrears to 41 companies under export support programme
Egypt's ministries of finance and Trade and Industry signed on Wednesday 41 agreements with representatives of…
Disney Q1 profit dives 91% as parks closed due to coronavirus
Disney reported on Tuesday a plunge 91 percent in its profit for the first quarter of 2020, showcasing the huge…