Suez Cement board, senior management take salary cuts due to COVID-19
Company hit by general low demand, high production costs due to the…
Egypt extends nationwide state of emergency for health, security concerns
Madbouly transfers jurisdiction over some cases from public prosecution to Emergency State…
Israel’s coronavirus infections rise to 15,589, with 208 deaths
The daily average number of coronavirus tests in Israel has dropped to…
Oil prices slump amid mounting storage fears
US oil prices posted a record weekly loss of 32.3% based on…
US stocks rally amid hopes for reopening economy
Dow Jones Industrial Average stocks increased 1.51%, to 24,133.78. The S&P 500…
Egypt allocates EGP 1.8bn to upgrade electricity networks in FY 2021
El-Sayed added that several major electricity projects have been established to meet…
Tourism Minister cancels Sharm El-Sheikh hotel’s licence for worker layoffs
El-Anany also announced closure of two Cairo tourist restaurants due to lack…
Egyptian manufacturers renew calls to cut factory energy prices
The sharp decline has been attributed to the worldwide decrease in global…
Arab Monetary Fund explores coronavirus regional economic impact
The meeting discussed the pandemic’s threat to financial stability, according to three…
MCI revenues up 22% in 3Q 2020 due to high demand for disinfectants
Company targets net profit of EGP 77m in FY 2020/21