Coexistence with COVID-19 revives Egypt’s car market

More people will buy cars to avoid possible infection in public transport

Zamzam Mostafa

Pandemic to change automotive industry; price hike likely in near future: Naggar

Egypt’s automotive market unlikely to return to pre-coronavirus levels before August 2020, says Kayan Chairperson

Daily News Egypt

Global economy to shrink 5.2% in 2020: World Bank

Interruptions in schooling, primary healthcare access likely to have lasting impacts on human capital development

Daily News Egypt

FRA suspends insurance brokerage licensing for 12 months

Study finds oversupply of companies licensed in insurance brokerage activity relative to the market’s needs

Daily News Egypt

Oriental Weavers reports 12.85% sales decline in 1Q 2020 due to COVID-19

We anticipate further decline in sales during 2Q 2020, plans projected to maximise 3Q results, says Khamis

Alyaa Stohy

AAIB invests EGP 2bn establishing office space in Landmark Sabbour’s 1-NINETY

Growing demand for administrative, commercial real estate as prime office rents are rising and vacancy volumes dropping, says Sultan

Daily News Egypt

Egypt launches second phase of EU-funded Community Development Program

Total of EGP 111m will be invested in 5 governorates under CDP

Nehal Samir

First COVID-19 vaccine to be released in Egypt by September: Tag El-Din 

Private hospitals cannot financially pressure citizens, says presidential advisor 

Daily News Egypt

CBE receives 26 offers to invest $720m in T-Bills auction

The CBE accepted 20 offers worth a total of $509.3m, with interest ranging between 3.42% as the lowest price, 3.45% as the highest price, and 3.446% as an average. This…

Hossam Mounir

Pandemic lowers 2019/20 target growth to 4%: Finance Minister

Total of EGP 63bn used to support health sector, groups most affected since pandemic’s beginning

Daily News Egypt