North Africa UAE Edition

Egypt’s fuel subsidy bill dropped to $537.8mln between July and December 2020

Sluggish monthly PMIs for GCC, Egypt due to tighter COVID-19 restrictions

UAE's expedited vaccine rollout should allow restrictions to be eased in Q2, says Capital Economics

Mortgage Finance Fund approves $2.67bln budget for FY 2021/22

SHMFF has also agreed to allow clients who reserve units within the social housing project to modify the place of their unit from a governorate or a city to another

education

Egypt's fostering campaign helps orphans find homes

In January 2020, Egypt broadened the rules for who can foster a child to include single women over 30 and divorcees

trade

Morocco’s trade deficit shrinks 32.7% in January on year

Moroccan imports dropped 16%

oil and gas

Turkey says it may negotiate maritime demarcation with Egypt if conditions allow

Last month, Egypt announced the start of a bid round for oil and natural gas exploration and exploitation in 24 blocks

grains

Algeria tenders to buy about 30,000 tonnes corn -trade

Corn shipment is sought by April 15

egypt

Egypt's decline in non-oil sector slowed in February buoyed by foreign business

The decline in non-oil business conditions has slowed, but companies have highlighted the risk of permanent closure

healthcare

COVID-19: Egypt records 581 new cases

42 new deaths were reported

telecommunications

Telecom Egypt plans to launch Hybrid African Ring Path

The system will connect Africa’s East and West bounds to Europe

Multimedia

Ethiopians cross into Sudan to flee fighting

North Africa UAE Edition

Zeta Investment submits offer to acquire 90% of Alexandria National

Mideast Stocks: Higher oil prices push Saudi index up, while Egypt declines

UAE ranks first in Arab World for remote working, 31st globally

Emirates NBD Egypt rolls out SmartTRADE

Mideast Stocks: Qatar leads most of Gulf lower

Abu Dhabi's ADEX signs $6mln Deal with Jenaan to finance Egypt project

Al Futtaim plans $2.2bln investments in Egypt over two years

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Latest News

Egypt’s fuel subsidy bill falls 45% in July-Dec - minister