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Industry & Trade
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…
Egypt-US trade exchange declines 29.9 % in two months: CAPMAS
The volume of trade exchange between Egypt and the US hits $ 906.308 million within two months against $1.287…
UAE airliner,Emirates, to raise debt as it braces for most difficult months ever
Emirates, one of the world’s biggest long-haul airlines, said it will raise debt to help it through the coronavirus…
Egypt’s inflation rises 5.9% in April – CAPMAS
Egypt’s annual urban consumer price inflation rate rose by 5.9 percent in April from 5.1 percent in March, the…
Egypt’s fuel subsidies fall 65% in nine months – official
Egypt’s spending on fuel subsidies dropped by about 65 percent to 21 billion Egyptian pounds ($1.34 billion) in…
Egypt ups investment budget to EGP 230 bn for FY 2020/21: PM
Egypt has increased the proposed investment budget for FY 2020/21 to 230 billion Egyptian pounds from 150 billion…