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Industry & Trade
Egypt’s budget revenues to decrease 30% over coronavirus
The Egyptian budget revenues expected to decrease by 25-30 percent during current fiscal year as result of…
Egypt’s monthly inflation rates up 0.6% as meat, fruits prices increase
Egypt's monthly inflation rate stood at 105.8 points in March, marking a 0.6 percent rise in comparison with…
Saudi, Russia said to debate record oil cut, Putin won’t talk with counterparts
OPEC and Russia will discuss record oil output cuts on Thursday to support prices hammered by the coronavirus…
Economic reform programme allowed Egypt to bear repercussions of COVID-19
Measures taken under Egypt's economic reform programme enabled the country to bear the repercussions of the global…
FDA approves first U.S. trial of Japanese flu drug Avigan to treat coronavirus
The U.S. Food and Drug Administration (FDA) has given the green light for the country’s first clinical trial of a…
World Trade Organisation: global trade to plunge 13-32% in 2020 due to coronavirus
The World Trade Organisation (WTO) projected on Wednesday a plunge between 13 percent and 32 percent in the size of…
World Trade Organisation sees ‘ugly’ trade plunge worse than in financial…
The World Trade Organisation (WTO) on Wednesday forecast that goods trade would fall more steeply this year than in…
Euro zone fails to reach a deal on new coronavirus stimulus
Euro zone finance ministers failed to reach an agreement Wednesday on how to provide additional stimulus to weather…
Steep drop in Egypt, Middle Easy PMI show t shows economic impact of covid-19
IHS Markit’s purchasing managers’ index (PMI) for March saw a steep drop in Egypt, Saudi Arabia, the UAE, Lebanon,…
EU to impose tariffs on glass fibre from China, Egypt over dumping
The European Union will impose tariffs of up to 99.7 percent on glass fibre producers in China and Egypt that it…