Egypt is committed to the government’s rollout programme on time, said Minister of Finance, Mohamed Maait on …
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coronavirus crisis
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International NewsNewsTech newsTech/AI
Samsung decides to cut chip production as profits decline 96%
by Nada Aliby Nada AliSamsung Electronics Co. announced on Friday that it has suffered a decline in demand as the quarterly …
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Egypt NewsFeatureNews
Egypt mulls building vegetable oils hub in Suez Canal with Malaysia
by Nada Aliby Nada AliEgypt is planning to establish a complex for vegetable oils in the Suez Canal area in cooperation …
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FeatureFinancial InstitutionsMoney
Egypt’s overall deficit fall 7.8% in FY2020 despite coronavirus – FinMin
Egypt’s overall deficit dropped 7.8 percent of the GDP during the 2019/2020 financial year from 8.2 percent …
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FeatureIndustry & TradeTech/AI
Egypt’s arrears to foreign oil firms drop to $850mn end-June: minister
Egypt’s arrears to foreign oil companies decreased to $850 million at the end of June from $900 …
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Prime Minister Benjamin Netanyahu announced on Wednesday a plan for government grants for all Israelis amid growing …
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FeatureIndustry & TradeTech/AI
Egypt allocates $525.1 mln for new SMEs industrial complexes – minister
8.5 billion Egyptian pounds ($525.1 million) has been allocated for the establishment of new industrial complexes to …
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FeatureFinancial InstitutionsMoney
Egypt’s GDP drops by EGP 130 billion due to coronavirus – minister
The coronavirus crisis has resulted in a drop in the gross domestic product (GDP) by 130 billion …
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FeatureFinancial InstitutionsMoney
PMI: Egypt’s non-oil private sector activity shrank more slowly in May
Egypt’s non-oil private sector activity shrank more slowly in May after turning in its worst performance in …
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The Sovereign Fund of Egypt is adapting to the coronavirus crisis and will focus its work more …
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