Month: June 2020

Younger employees most affected by pandemic-caused income declines, job losses

One in four Egyptians have altered food habits due to ongoing crisis,…

Bassant Mohammed

Tougher penalties needed to put brakes on youngsters behind the wheel

Culpable drivers only face an EGP 500 fine and no harsh penalties,…

Mohamed Salama Ghamrawy

COVID-19 in Egypt: people feel economic bite and government responds

Overall, 73.5% of Egyptians say that they have experienced an evident reduction…

Mohamed Salama Ghamrawy

Suez Cement reports net loss of EGP 291m in Q1 of 2020

Company attributes quarterly loss to weak operating performances on back of plummeting…

Alyaa Stohy

NTRA sets mobile operator outlets’ timings after curfew lifted

The work hours during which outlets can serve customers, came into effect…

Mohamed Alaa El-Din

AMF prepares launch of international immediate payment service

The new service is the latest part of its "Beni" platform for…

Hossam Mounir

Egypt reports $2.36bn trade deficit in April: CAPMAS

Decline attributed to decreased value of some commodities, including fertilisers, petroleum products,…

Nehal Samir

Misr Chemical Industries reports jump in earnings due to COVID-19

The company posted profits of EGP 26m for the two-month period over…

Alyaa Stohy

Al Mahsamma project wins Best Recycling and Reuse Water Project 2020

Water is human right, essential to work on projects that achieve water…

Shaimaa Al-Aees

BP sells petrochemical business to Ineos for $5bn

BP’s petrochemical business is focused on two major operations, aromatics and acetyls.…

Mohamed Farag