Egyptian manufacturers renew calls to cut factory energy prices
The sharp decline has been attributed to the worldwide decrease in global demand and the halting of many economic activities due to the ongoing coronavirus (COVID-19) pandemic.
Arab Monetary Fund explores coronavirus regional economic impact
The meeting discussed the pandemic’s threat to financial stability, according to three scenarios; that the crisis would continue until the end of the first half of 2020, it would last…
MCI revenues up 22% in 3Q 2020 due to high demand for disinfectants
Company targets net profit of EGP 77m in FY 2020/21
Manpower Ministry disburses EGP 57m in aid to 48,000 tourism workers
Up to 3,800 tourist establishments apply for emergency aid: Minister of Manpower
Arab League to hold session on Israeli annexation plans amid COVID-19 pandemic
At the meeting, which will take place online, the Israeli plans to annex the West Bank and the AL’s response to the annexation will be discussed. The ministerial level meeting…
Egypt stresses importance of committing to Riyadh Agreement
Power-sharing agreement was signed in 2019 between Saudi-backed government, UAE-backed STC
Madbouly takes tough stance on building violations
Prime Minister orders all building violations be removed, offenders referred to Military Prosecution
Second Covid-19 death reported at El Negelah Quarantine Hospital
Egypt’s COVID-19 confirmed cases up 4782 cases, 337 deaths so far
HHD board of directors to be announced before end of May
New board follows resignation of all previous members earlier in April
Juhayna reports EGP 1.8bn revenues, EGP114 m net profit for Q1 2020
The highest contributors to the top line were the dairy and yoghurt segments, representing 55% and 20% of revenues in Q1 2020, respectively. Sales of dairy products reached EGP 980m,…