AMOC records robust June sales despite COVID-19
AMOC noted that its total sales of petroleum products amounted to 14.5 kilotonnes (kt) in June, with 9kt sold locally and the rest exported
About 1,750 Africans die during illegal migration attempts in 2018-2019: UNHCR
During migration attempts, at least 72% of African migrants die every month, making the routes across the continent some of the most deadly for refugees and migrants in the world,…
MTI results fall short of expectations for Q2 of 2020
The company reported a bottom-line of EGP 103m, down 13% year-on-year (y-o-y), and down 2.9% quarter-on-quarter (q-o-q), beating consensus but short of estimate for the quarter. MTI also reported that…
Eastern Company targets 9% revenue growth in FY 2021
Eastern Company new budget targets a top-line of EGP 15.9bn, a growth of 8.6% compared to FY 2020.
Egypt welcomes Saudi proposal accelerating Riyadh Agreement in Yemen
Power-sharing deal between government and STC targets political solution in Yemen
Egypt Post, AOI cooperate on developing postal services
The two entities also agreed to manufacture 50 cars before the end of this year, which include armoured vehicles used in transferring money, as well as cars equipped with ATM…
Egypt’s auto market shows potential recovery as June sales surge 18%
This comes despite auto market sales in Q2 of 2020 reportedly being declining 3.8% y-o-y, and 35.3% quarter-on-quarter, amounting to 37,400 units.
Egypt sees 36.2% decrease in May trade deficit: CAPMAS
The report, issued on Wednesday, noted that the country’s trade deficit stood at $2.59bn during May 2020, down the $4.05bn in May 2019
EFG Hermes concludes advisory role in $50m sale of Fawry shares
EFG Hermes acted as sole bookrunner of the Fawry shares transaction on behalf of the selling shareholders
Tokyo stocks close lower on earnings concerns, firm yen
Investor sentiment remained pessimistic sending Tokyo stocks lower for a fourth straight day amid concerns about continued negative impact of the pandemic
