Abu Qir Fertilizers to report strong results in 1Q FY21
The company’s top-line is estimated to come in at EGP 2.069bn, reflecting unchanged results quarter-on-quarter (q-o-q), but a rise of 4% year-on-year (y-o-y). Gross margins are set to register 43.6%,…
Delta Sugar posts losses in Q3 of 2020 due to weak demand
The company’s gross margin plummeted to -17.0% versus 23.3% and 2.6% in Q2 of 2020 and Q3 of 2019, respectively. It also recorded a net loss of EGP 114.4m during…
Meteorological Authority expects 3 days of weather instability
Authority predicts slight rain on Friday over some parts of Egypt
ITI, Google sign agreement to train 30k youth on AI
The cooperation agreement was signed by ITI head Heba Salih and Matt Britten, President of Google, for the Europe, Middle East and Africa (EMEA) region. The signing took place via…
Egypt, Ukraine discuss boosting economic, commercial cooperation
Abdel Aaty presented to the delegation, headed by the Deputy Director of the Ukrainian President's Office for International Relations Ihor Zhovkva, the favourable investment climate in Egypt.
Egyptian remittances record $27.8bn in FY 2019/20: CBE
In a statement on Wednesday, the CBE added that remittances from Egyptians working abroad increased by 33.7% during June 2020 to about $2.6bn, compared to about $1.9bn during June 2019.
FAB to resume negotiations for Bank Audi – Egypt acquisition
Bedir added that the two banks held fruitful discussions early this year, and made significant progress on many points.
Egypt, Japan discuss procedures to implement Cairo Metro Line 4
The Cairo Metro Line 4 will run from Giza's 6th of October district to the Fustat district in Old Cairo.
MSMEDA grants EGP 228m to labour-intensive projects in 11 governorates
The funding comes as part of the agreement’s activities, which the agency has implemented with funding from the European Union (EU), to address the root causes of irregular migration.
Investors can apply for lump-sum payment of export subsidy dues in November: Maait
The initiative has been designed to provide exporters with cash liquidity required to fulfil their obligations and preserve employment.