ESCAWA calls for easing of middle-income state debt burdens
Total of 1.7m jobs across Middle East projected to be lost in 2020
Citi commits over $65m to global COVID-19 community relief efforts
The efforts are helping to deliver immediate relief to frontline workers and communities most impacted by the outbreak. They also are supporting longer-term investments in programmes focused on economic recovery…
Movable asset-based financing by natural persons comes into effect: FRA
Amendments to executive regulations allow for greater funding opportunities for SMEs, says Omran
Two new gas wells come on stream: Petroleum Ministry
The two wells, Zohr 17 and Baltim South West 7, were put into operation with an average production of 390m cubic feet of gas per day (scf/day) and 1,300 barrels…
Border Guards destroy 10 tunnels, seize 318 rifles in North Sinai
A total of 966 narcotic plantations in Sinai were also eliminated
Egypt faces two economic scenarios due to COVID-19 impact: Hala El-Said
Government investments increase to EGP 595bn to compensate for slowing of private investment
Google provides access to reliable COVID-19 information in Arabic
Tech giant offers support for businesses, relief efforts due to economic hardships
Sheeni partially suspends activity to avoid inventory accumulation
Company’s ceramic, porcelain factories remain operational
Egypt’s digital start-ups well positioned to respond to COVID-19: OBG
While the pandemic creates significant headwinds across the economy, several funds are seeking to build on the strong track record of the digital sector.