Browsing Category
Industry & Trade
Egypt cuts 92-, 95-octane petrol prices by 3.2% to ease coronavirus impact
Egypt has on Friday cut the pump price for 92-octane petrol by 3.2 percent in a bid to mitigate the impact of the…
Japan’s Fujifilm starts phase II clinical trial of Avigan for coronavirus patients in U.S.
Japanese firm, Fujifilm Holdings Corp announced on Thursday it would start the second phase of clinical trials of…
OPEC, OPEC+ agree to historic 10 million barrel/day production cut amid coronavirus impact
OPEC and its allies, known as OPEC+, have agreed on Thursday to historic production cuts that will take 10 million…
Egypt receives samples of Japanese flu drug Avigan to treat coronavirus
Egypt has received samples of a Japanese flu drug – known as Avigan – that could be used as a treatment of the…
Cairn, Pharos to advance in deal to buy Shell Egypt assets – reports
A consortium of UK’s Cairn Energy Plc, Pharos Energy Plc, and Egypt’s Cheiron Petroleum has proceeded to a second…
Egypt has strategic wheat reserves for 7-8 months: minister
Egypt, the world’s largest wheat importer, has enough strategic reserves of the grain for 7 or 8 months, the supply…
Egypt, China inaugurate plant to produce 1.7 million medical face masks a day
China and Egypt inaugurated on Thursday a new plant in Cairo designed to manufacture 1.7 million medical face masks…
U.S. jobless claims exceed 6 million for 2nd straight week
The number of Americans seeking unemployment benefits in the last three weeks has blown past 15 million, with…
French economy shrinks most since WW II, slides into recession
France officially slid into a recession after suffering one of the worst quarterly contractions in more than 50…
Egypt Railway, Siemens in talks over buying 50 new locomotives – report
Egypt's Railway Authority is negotiating with global technology giant Siemens to buy 50 new locomotives, according…