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Industry & Trade
Coronavirus crisis directly, indirectly effected 200 million jobs worldwide- EJB
The coronavirus crisis has directly and indirectly affects 200 million jobs worldwide according to international…
Maersk sees drop in global container demand this year
Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus…
Egypt’s parliament Oks amendments to public business sector law – minister
Egyptian parliament’s economic affairs committee has approved in principle the amendments to law that regulates the…
Pfizer may outsource manufacturing some of its drugs to make way for coronavirus vaccine
Pfizer plans to outsource production of some of its drug portfolio to make way for a rapidly growing vaccine…
Exports of Egyptian furniture down 24% in Q1 2020
Egyptian Furniture Export Council said that the exports of the sector went down in January-March 2020 by 24 percent…
Saudi Aramco posts 25% decline in Q1 net profits as oil prices fall
Saudi Arabian state oil giant Aramco has posted a 25 percent fall in first-quarter net profit, missing analyst…
Over 16,000 projects executed in Egypt between 2014-2019: minister
More than 16,000 development and service projects were carried out between July 2014 to December 2019 at a total…
Egypt’s Evergrow targets less than planned exports of $220 mln in 2020 due to…
Egyptian fertilizer company Evergrow has downgraded its exports target to $220 million down from $280 million as…
Emerging economies burn through $240 billion in reserves, including Egypt
Leading emerging countries have burned through $240 billion in foreign exchange reserves over the past two months…
Egypt launches initiative to offer loans of 5% to tourism businesses
Egypt is launching a new initiative to support tourism and hospitality sectors in face of the repercussions of the…