Latest Business News
Local auto sector slowly recovers as vehicle licensing resumes
The pandemic has stymied the global automotive sector, causing disruption to production…
Oil prices fall amid oversupply concerns
Oil prices fell as WTI for June delivery dropped $0.57 to $23.99…
IMF to approve $2.8bn for Egypt in next few weeks: IIF
The funds, which are 100% of the quota, will be made available…
NBE leads banking consortium to provide €30m syndicated loan to MidElec
Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes…
EgyptERA renews energy production, distribution licences for 5 companies
EgyptERA has extended the power generation licence of Midor Electric Company (MIDELEC)…
Government agrees to disburse part of export subsidies to 41 companies
Export Development Fund disburses EGP 2.133bn in export subsidies from January to…
Local cement sales in March remain surprisingly sturdy: Naeem Research
Informal sector reported strong performance in Q1 of full year 2020
JUFO conference call highlights stable demand, margins could improve
Absence of tourism sector, restaurant, café sales will be offset by increased…
Otlob launches employment initiative for trained workers affected by COVID-19
Otlob will accommodate a large number of qualified and experienced young drivers…
