Hilton Cairo Zamalek offers discounts for residents of district’s damaged building
Two buildings in the Zamalek district of Cairo were severely damaged two days ago, due to recent work on the Cairo Metro’s Line 3 extension
Opinion| The “Red Line” of Sirte and Jufra, and the Ottoman thief’s quest for black gold
On one side, we have the illegitimate Government of National Accord (GNA) that was appointed through a UN-led initiative in 2015, hoping to unite Libya and reform the constitution in…
TMG reports 69.4% y-o-y sales decline, but revenues remain solid despite pandemic
The figures bring sales for the first half (H1) of 2020 to EGP 4.5bn, representing a downturn of 61.9% y-o-y. On a sequential basis, the company’s sales performance seemed to…
Egypt’s account deficit declines 39.2% in Q1 of 2020
The improvement comes despite the uncertainty in the global economy which has resulted from the spread of the novel coronavirus (COVID-19) pandemic.
BP Egypt confirms successful well test at Bashrush discovery
The test was the latest activity in the ongoing appraisal programme at the Bashrush discovery, located in the Nile Delta’s North El Hammad concession area. The well test delivered up…
Egypt is only MEA country to maintain credit rating at big 3 agencies: Maait
Fitch Ratings placed Egypt's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'B+' with stable outlook
Egypt grants EGP 17.47bn in micro-loans until April
Commercial activity represents 61.25% of total financing
German KfW offers €15m to support nutrition, education in Upper Egypt
Financing comes as part of Egypt-Germany Debt Swap Programme 2020
EIPICO begins production of COVID-19 drug approved by Russia, China
The production of the drug comes after EIPICO received approval from the Egyptian Drug Authority (EDA).
Egypt, China discuss cooperation in electric vehicle production
During the meeting, Tawfik stressed the strong, historic relations Egypt and China have enjoyed, which have witnessed remarkable growth in the past few years.
