Apple slips to 41% of tablet sales in Egypt
Apple’s tablet market share slipped to 41.13% of device sales in May compared to 47.13% in April, bringing the company's market share down 6%. According to a StatCounter report, Samsung…
Egypt PMI back to contraction in May: Emirates NBD
Egypt’s non-oil private sector activity continued to shrink in May to reach 49.2 points, down from 50.1 points in April. Nonetheless, the Purchasing Managers’ Index (PMI) score for May remained…
Nokia sells 79m devices in 80 countries: Nokia Egypt general manager
Tamer ElGamal, general manager of Nokia Egypt, said that during 2017, the company adopted a strategy to provide the most up-to-date technology to users, including in screens and ease of…
Tesla to build its second Gigafactory in Shanghai
Tesla has revealed plans to shareholders that it's working with Chinese officials to build electric cars and battery packs in Shanghai. The carmaker had looked for a location for its…
Parliament approves FY 2018/2019 budget
The Egyptian Parliament approved on Tuesday the fiscal year 2017/2018 general budget with a total expenditure of up to EGP 1.4tn and expected revenues of EGP 938bn. The budget deficit…
EGX loses EGP 22bn Tuesday morning, closes with EGP 15.5bn losses
The Egyptian Exchange (EGX) plunged on Tuesday morning, losing around EGP 22bn in market capital, recording EGP 906bn in total. The losses were driven by random selling from foreign and…
Government allocates EGP 60bn to increase its employees’ pensions, salaries
Additional EGP 4bn approved to increase employee salaries after parliament’s request
Leaked economy and statistics exam is ‘fake’: Education Ministry official
The head of the Education Ministry’s department for high school examinations, Reda Hegazi, said on Tuesday that the economy and statistics exam that was circulated on social media pages early…
43.3% of carbon dioxide emissions from electricity sector in Egypt
The Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that the electricity sector represents the main source of carbon dioxide emissions from petroleum products consumption, accounting for 43.3% of…
Industry minister decrees amends to Industrial Registration Law’s executive regulations
Conditional industrial record guarantees seriousness of any industrial project, says minister
