Egypt extends nationwide state of emergency for health, security concerns
Madbouly transfers jurisdiction over some cases from public prosecution to Emergency State Security Courts
Israel’s coronavirus infections rise to 15,589, with 208 deaths
The daily average number of coronavirus tests in Israel has dropped to 9,000 in the past 3 days, after reaching a daily peak of 13,342 on April 20.
Oil prices slump amid mounting storage fears
US oil prices posted a record weekly loss of 32.3% based on June contract.The biggest weekly percentage loss on record based on most-active contracts
US stocks rally amid hopes for reopening economy
Dow Jones Industrial Average stocks increased 1.51%, to 24,133.78. The S&P 500 rose1.47%, to 2,878.48. The Nasdaq Composite Index was up 1.11%, to 8,730.16.
Egypt allocates EGP 1.8bn to upgrade electricity networks in FY 2021
El-Sayed added that several major electricity projects have been established to meet development projects’ needs of power in Sinai, the Red Sea, and Sharqeya
Tourism Minister cancels Sharm El-Sheikh hotel’s licence for worker layoffs
El-Anany also announced closure of two Cairo tourist restaurants due to lack of commitment to worker protections
Egyptian manufacturers renew calls to cut factory energy prices
The sharp decline has been attributed to the worldwide decrease in global demand and the halting of many economic activities due to the ongoing coronavirus (COVID-19) pandemic.
Arab Monetary Fund explores coronavirus regional economic impact
The meeting discussed the pandemic’s threat to financial stability, according to three scenarios; that the crisis would continue until the end of the first half of 2020, it would last…
MCI revenues up 22% in 3Q 2020 due to high demand for disinfectants
Company targets net profit of EGP 77m in FY 2020/21
Manpower Ministry disburses EGP 57m in aid to 48,000 tourism workers
Up to 3,800 tourist establishments apply for emergency aid: Minister of Manpower
