Egypt to offer exceptional aid to over 12,000 tour guides amid COVID-19

EGP 500 grant will be presented to every tour guide for four months, over two batches from post offices

Daily News Egypt

Finance Ministry signs 35 agreements to settle export subsidy arrears: Maait

First tranche of subsidy arrears worth EGP 400m to be paid to export companies next month

Mohamed Abdel Meguid

Egypt targets EGP 45.3bn of electricity sector investments in FY 2020/21: El-Said

Electricity sector is set to increase its production at current prices during FY 2020/21 to about EGP 180.9bn, says El-Said

Daily News Egypt

17 banks in Egypt report total EGP 18.565bn net profits in H1 2020

Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure on banks' balance sheets

Hossam Mounir

Homeowner location, unit layout preferences to change following COVID-19: Colliers

Incorporating open spaces in post-pandemic world adds to aesthetic appeal and will be capitalised into increased house prices, occupancy

Daily News Egypt

Egypt stands in solidarity with Sudan following floods: President Al-Sisi

Sudan announced State of Emergency following unprecedented floods which have killed 99 and injured 46 others

Sarah El-Sheikh

Egypt’s Mubarak-era Agriculture Minister Youssef Wali dies at 89

Wali was among many former officials detained following 25 January Revolution over corruption

Daily News Egypt

Burning oil tanker towed away from Sri Lanka shores

Sri Lankan President Gotabaya Rajapaksa expressed his gratitude to Sri Lanka Navy, Air Force, Ports Authority, and Indian Defence Forces for their efforts

Xinhua

Air force kills 2 militants, destroys Taliban camp in North Afghanistan

The airstrike was conducted at 11:15 p.m. local time, targeting camp of Mawlawi Ismahil, who served as Taliban insurgents' shadow district chief for Qaysar

Xinhua

EIB, NBE sign € 800m  Financing Agreement to ensure resilient post-COVID-19 recovery for SMEs

In a statement, the minister added that the agreement between the two banks comes as part of a larger agreement approved by the EIB worth€1.9bn, where €1.1bn  will be provided…

Nehal Samir