Year: 2020

Glamera secures 6-figure seed funding

Plans include expansion in Saudi market and further related services on offer

Shaimaa Al-Aees

Oriental Weavers reports EGP 53m drop in net profit hampered by weaker demand

Company notes COVID-19-induced slowdown in demand since February 2020

Alyaa Stohy

ODE reports 17.5% decrease in H1 revenues to EGP 1.9bn

Company’s sees decreased gross profit due to pandemic affecting business operations since…

Alyaa Stohy

GERD talks adjourned to Tuesday, giving time for consultation 

Cairo and Khartoum firmly reject any unilateral actions, and call for legally…

Mohammed El-Said

Egypt’s hotel market records 50% y-o-y decline in H1 2020: Colliers

Branded hotel keys is projected to increase to 83,100 in FY 2020

Daily News Egypt

B Investments establishes healthcare sector company

First deal worth EGP 150-200m to be executed before end of year

Alyaa Stohy

Prosecution investigates collapse of historic downtown Cairo building

Building resident has accused property’s owners of negligence and failing to provide…

Daily News Egypt

Siemens Energy, ETHYDCO sign 10-year servicing contract

Reducing unplanned downtime and increasing operational workflow is critical in achieving production…

Shaimaa Al-Aees

UAE, Israel launch official phone links after normalisation deal

Abu Dhabi peace treaty halts Israel’s annexation plan, says Gargash

Bassant Mohammed

Egypt directs EGP 6bn in urgent commodity, service finances in July: Maait

The finance aims to enable public entities to fulfil their commodity and…

Daily News Egypt