Month: April 2020

Ezz Steel founder increases his majority stake by 27%

Ezz Steel completed a EGP 836m transaction after selling 27% stake in…

Alyaa Stohy

No new COVID-19 cases in Lebanon, Turkey’s caseload surpasses Iran

The number of confirmed infections stands at 677, with 21 deaths. The…

Daily News Egypt

IFAD launches new fund against rural food crisis due to COVID-19

IFAD aims to raise at least another $200m from its member states,…

Nehal Samir

ESCAWA calls for easing of middle-income state debt burdens

Total of 1.7m jobs across Middle East projected to be lost in…

Hagar Omran

Citi commits over $65m to global COVID-19 community relief efforts

The efforts are helping to deliver immediate relief to frontline workers and…

Daily News Egypt

Movable asset-based financing by natural persons comes into effect: FRA

Amendments to executive regulations allow for greater funding opportunities for SMEs, says…

Alyaa Stohy

Two new gas wells come on stream: Petroleum Ministry

The two wells, Zohr 17 and Baltim South West 7, were put…

Mohamed Adel

Border Guards destroy 10 tunnels, seize 318 rifles in North Sinai

A total of 966 narcotic plantations in Sinai were also eliminated

Daily News Egypt

Egypt faces two economic scenarios due to COVID-19 impact: Hala El-Said

Government investments increase to EGP 595bn to compensate for slowing of private…

Mohamed Samir

Armed Forces donate EGP 100m within Covid-19 response

Egypt's total COVID-19 cases rise to 3,490

Fatma Lotfi