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
Coronavirus deaths worldwide top 650,000, WHO urges action
Countries should implement strict measures to suppress coronavirus transmission, including mass testing, quarantine, social distancing and wearing a mask
US experimental COVID-19 vaccine protects airways in nonhuman primates
Animals receiving the 10-microgram or 100-microgram dose COVID-19 vaccine candidate produced antibodies at levels well above those in people who recovered
Health Ministry denies conducting clinical trials without informed consent
Egypt reports 465 new coronavirus cases raising total to 92,947