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Industry & Trade
No rescue deal yet for German airline Lufthansa amid solvency warnings
Lufthansa has not yet agreed on a 9 billion euro ($9.73 billion) rescue package, following a report overnight that…
Suez Cement appoints Ambassador Yasser El-Naggar group chairman
Egypt's Suez Cement Group announced the appointment of Ambassador Yasser El-Naggar as the new chairman of the…
Volkswagen reopens production at its largest car factory in Germany
Volkswagen on Monday has reopened production at its largest factory, in Wolfsburg in Germany after the coronavirus…
Tesla cancels plans to bring workers back to U.S. car plant this week, shares drop
Tesla has on Monday cancelled plans to bring workers back to its production lines in Fremont, California, this…
Nestlé halts work at a factory in Egypt after detection of coronavirus cases
Nestlé shut down a factory in the 6th of October City, Egypt on Monday after detecting a number of coronavirus…
IDA excludes issuing new steel, cement licences amid production surplus
Egypt's Industrial Development Authority (IDA) excludes the possibility of issuing new steel and cement production…
Adidas projects a 40% fall in sales for the second quarter
Adidas has predicted that its sales will decline by 40 percent in the second quarter, as the impact of the…
Egypt’s food company Juhayna profits 60% up in Q1-2020
Egyptian Juhayna Food Industries' profits rose 60 percent year-on-year during the first quarter of 2020, its…
Dubai could be headed for another debt crisis
Dubai is facing the risk of a debt crisis reminiscent of the 2009 crash that wiped out thousands of jobs and…
Gas supplied to 110 tourist facilities in Egypt’s Sharm El-Sheikh – ministry
Natural gas is being supplied to 110 tourist facilities in Egypt's Sharm El-Sheikh, with investments worth 250…