Latest Business News
Egypt to see GDP expand 2.5% in FY2020, 3.7% in FY2021: FocusEconomics
Inflation to average 6.1% in CY 2020, 7.3% in CY 2021, report…
Egypt targets manufacture of 30m cloth masks per month
Government looks to manufacture 8m masks as part of first phase
Third round of ‘Pandemic TechHack’ initiative launched
Winners will receive financial support to help accelerate implementation of their projects…
NREA considers 3.17 GW power projects
Power stations with 453 MW capacity being implemented, says El-Khayat
COVID-19 may cause 60-80% plunge in international tourist arrivals: UNWTO
International tourism may also lose 100-120m jobs; exports to decline by up…
Sharif Farouk to take over as Egypt Post Chairperson
New chairperson succeeds El-Sagheer who resigned early March
CBE to offer EGP 24.5bn worth T-Bills, bonds on Sunday
New offerings part of government’s plan to issue EGP 610bn T-Bills, bonds…
Aviation industry to face slow post-coronavirus recovery: S&P Global Ratings
Most major airlines will shrink or merge with others, whilst smaller airlines…
Covid-19 negatively affects Kima’s development, expansion plans
Market researchers suggest urea plants could go offline in bid to reduce…
Colliers anticipates fastest recovery for Emirati, Saudi hotel sectors in MENA
Cairo, Sharm El-Sheikh hotels to record occupancy rate increases of 46% and…