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Industry & Trade
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…
Egypt’s exports of building materials post $ 1.5 bn during Q1
Egypt's exports of building materials, refractory and metallurgy industries post $1.5 billion during the first…
U.S. oil producers eye shutting down operations as coronavirus dry up need for fuel
Oil producers in the U.S. are making painful decisions about how to close their operations after the coronavirus…
Majid Al Futtaim to establish 5 new Carrefour branches post coronavirus
Dubai-based mall operator Majid Al Futtaim is looking to open 5 new Carrefour branches after coronavirus crisis,…
Egypt’s marble, granite exports fall 31% in Q1– report
Egypt’s exports of marble and granite dropped 31 percent during first quarter of 2019 to $42 million down from $61…