Ezz Steel founder increases his majority stake by 27%
Ezz Steel completed a EGP 836m transaction after selling 27% stake in what can be called a corporate restructuring, sources close to the matter told Daily New Egypt.
No new COVID-19 cases in Lebanon, Turkey’s caseload surpasses Iran
The number of confirmed infections stands at 677, with 21 deaths. The country has imposed a total lockdown since mid-March, allowing citizens to leave their homes only to buy food…
IFAD launches new fund against rural food crisis due to COVID-19
IFAD aims to raise at least another $200m from its member states, foundations and the private sector to mitigate the effects of the pandemic on food production.
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
