Business
‘The Big 5’ construction show postponed to September 2021
Event will come as Dubai is expected to enter exciting new growth phase
57 areas suffer weak telecommunication services in April due to high consumption
NTRA tests services provided by each telecom company in 80 cities across Egypt
Banking
CBE offers EGP 20bn in T-Bills as market awaits Finance Ministry move
CIB launches new online platform for financing supplier needs
CBE takes measures to reduce economic impacts of COVID-19
NBE achieves unprecedented EGP 300bn deposits boom
Suez Canal Bank sells stake in MIDOR for $30.6m
CBE’s Monetary Policy Committee convenes to decide on interest rates
Real Estate
‘The Big 5’ construction show postponed to September 2021
Event will come as Dubai is expected to enter exciting new growth phase
MBG Development sells 75% of NAC’s Pukka project
Homes Real Estate anticipates EGP 750m sales for developers by year-end
KHL Real Estate eyes EGP 2bn sales for developers in 2020
Energy
Enara awarded power production, distribution contract in 1.5m feddan project
Company implementing renewable energy projects to feed Al-Mughara, West Minya regions
EEHC to implement EGP 32.4bn investment projects in FY2021: chairperson
NREA considers 3.17 GW power projects
EM may benefit from COVID-19 recession, risk for energy exporters: Renaissance Capital
Industry
Manufacturing, extractive index falls 8.7% in February due to COVID-19
The latest figures for the manufacturing and extractive industries production index show a decrease of 8.7%...
Egyptian manufacturers renew calls to cut factory energy prices
Egypt’s manufactures see no need to mobilise industry’ to produce medical supplies yet
Egypt’s exports of engineering industries increase 11.5% in July-November 2019: EEC
Trade
COMESA adopts guidelines for cross-border movement of essential goods, services
CBC recommends member states ease movement of essential transit cargo across region
Abu Tartur Port to remain operational during Eid Al-Fitr holidays
Trade deficit down 51.4% in February: CAPMAS
30.3% decrease in January trade balance
Al-Amal Auto offers latest 7-seat Lada Largus model
No intention to assemble Largus in Egypt, says Soliman
Tourism
TSFE to develop, operate Bab Al-Azab historical area
Step is seen as first investment project for the Fund in tourism sector
Tourism workers at 1,380 facilities receive over EGP 163m emergency aid
Red Sea hotels report 10-15% occupancy over Eid Al-Fitr: EHA
COVID-19 may cause 60-80% plunge in international tourist arrivals: UNWTO
Technology
57 areas suffer weak telecommunication services in April due to high consumption
NTRA tests services provided by each telecom company in 80 cities across Egypt
