Majid Al Futtaim to Open City Centre Al Zahia in March

Majid Al Futtaim has postponed the launching of City Centre Al Zahia, located in UAE's Sharjah, to March 2021 due to the COVID-19 pandemic.

Middle Eastern Funds to Increase Investments in Egypt

Middle Eastern fund managers plan to raise their investments in Egypt in the second quarter of 2020

Egypt, ITFC Ink USD 100 mn Deal to Secure Essential Commodities

The International Islamic Trade Finance Corporation (ITFC) Inked USD 100 mn financing agreement with the General Authority for Supply Commodities (GASC) to cover the Egyptian government’s essential strategic commo ...

Dubai Expo Postponed till October 2021 Amid Coronavirus

The General Assembly of the Bureau International des Expositions (BIE) has approved the postponement of “Dubai Expo” till October 2021, instead of October 2020

COVID-19 Affected 5 Sectors in Egypt: Al-Mashat

Minister of International Cooperation Rania Al-Mashat commented that the recent pandemic outbreak negatively affected five main sectors in Egypt, Invest-Gate reports.

COVID-19 to Batter GCC Corporate Earnings in H1: Analysts

GCC corporate earnings will be negatively impacted in the first half (1H) of the year as businesses and the economy have been severely hit by the COVID-19 pandemic, Reuters reports.

Gov’t Eases Payment of Health Sector Dues

Egypt’s Ministry of Finance issued new decisions regarding the payment of financial dues by the health sector amid the coronavirus (COVID-19) crisis

IMF Supports Egypt to Keep Economic Reform Program’s Gains

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced the fund's support for Egypt’s efforts to safeguard the achievements made by the economic reform program under the complete ...

Egypt in Talks With IMF Over Financial Assistance Amid COVID-19

Prime Minister Mostafa Madbouly said on April 26 that Egypt is in launch talks with International Monetary Fund (IMF) for a financial assistance deal as well as technical support to cushion the pandemic's negative ...

CSCEC Provides Egypt With Medical Aids Amid COVID-19

Yu Tao, CEO of China State Construction Engineering Corporation (CSCEC), has announced that his company provided the Egyptian government with several medical aids and equipment,

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