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The societies will provide facemasks, sanitizers, and detergents
26 February 05:05 PM Kuwait to provide coronavirus supplies via cooperative societies
Mubasher: Kuwait’s cooperative societies are allowed to use their separate allocations to provide necessary medical supplies in a bid to combat the novel coronavirus (COVID-19), the country’s Minister of Social Affairs and Minister of State for …
The number of ships crossing the Suez Canal reached 18,800
26 February 03:57 PM Egypt's Suez Canal revenues rise to $5.8bn in FY18/19
Cairo – Mubasher: Revenues from Egypt’s Suez Canal grew to $5.8 billion during fiscal year 2018/2019, supported by the opening of a new canal, head of the Suez Canal Authority (SCA) Osama Rabie said. During FY18/19, the number of ships crossing …
Egyptian exports to the US increased by 31% in 2019
26 February 03:01 PM Egyptian exports to US hit $2.9bn in 2019
Cairo - Mubasher: Total Egyptian exports to the US market increased by 31% during 2019, the Ministry of Industry and Trade said in a statement on Wednesday. Total exports to the US amounted to $2.93 billion by the end of 2019, compared to $1.56 …
The terminal will be build over an area of 560,000 square metres
26 February 02:53 PM Alexandria Port Authority inks deal to build multi-purpose terminal
Cairo – Mubasher: Alexandria Port Authority signed a commitment contract with the Egyptian Group for Multipurpose Terminals to build a multi-purpose terminal at the port of Alexandria. The contract includes designing, establishing, managing, and …
Egypt managed to be self-sufficient in natural gas in September 2018
26 February 02:24 PM Investments in natural gas reach EGP 1trn
Cairo – Mubasher: The natural gas sector has contributed 19% to Egypt’s gross domestic product (GDP) growth during fiscal year 2018/2019, the minister of petroleum Tarek El-Molla revealed. The gas sector registered the highest growth rate of 21% …
The patients were among those who came from Iran
26 February 01:46 PM Kuwait confirms seven more coronavirus cases; takes count to 25
Mubasher: Kuwait reported seven new cases of the coronavirus (COVID-19) to bring the total number of infections to 25 in the country so far.   The patients were amongst those who came from Iran, the ministry said on its official Twitter page on …
Investments in the petroleum industries rose by 95%
26 February 01:41 PM Industrial investments hit EGP 99.5bn in FY18/19
Cairo – Mubasher: Investments in the industrial sector in Egypt rose by 22% year-on-year to EGP 99.5 billion in fiscal year 2018/2019, compared to EGP 81 billion, the minister of planning and economic development Hala El-Saeed revealed. The value …
Brent crude declined by $1.35 on Tuesday
26 February 01:02 PM Kuwait’s crude oil dips 17 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil slipped by 17 cents on Tuesday to reach $56.58 per barrel (pb) when compared to $56.75 pb last Monday, according to official prices released by Kuwait Petroleum Corporation (KPC). Global prices also fell …
The decision comes into effect on Wednesday
26 February 10:24 AM Kuwait suspends flights with Singapore, Japan over coronavirus fears
Mubasher: Kuwait’s Directorate General of Civil Aviation (DGCA) has suspended all flights to and from Singapore and Japan in response to the outbreak of the coronavirus (COVID-19) epidemic. The decision, which comes into effect today, concords …
Côte d’Ivoire registered an 8% GDP growth rate in 2019
25 February 05:55 PM Drogba backs Côte d’Ivoire by raising $15bn commitments for tourism
Mubasher: Didier Drogba, the international football star, has helped in collecting a total of $15 billion memoranda of understanding (MoUs), in a move to boost developments of the tourism sector in his birthplace, Côte d’Ivoire. The West African …
The UAE will receive around 3m international visitors during Expo 2020
25 February 05:12 PM Expo 2020 to attract additional 1.4m visitors from 5 key markets
UAE – Mubasher: Additional 1.4 million visitors from five key markets, namely India, Saudi Arabia, Philippines, the UK, and Pakistan, will arrive to the UAE during Expo 2020 Dubai. At the event, set to welcome 25 million visitors during the period …
The UAE has suspended all flights arriving to and coming from Iran
25 February 04:33 PM UAE halts all flights to, from Iran over coronavirus fear
UAE – Mubasher: The UAE's General Civil Aviation Authority (GCAA) has suspended all flights arriving to and coming from Iran over the new coronavirus fear, according to the Emirates News Agency (WAM). The suspension of all passenger and cargo …
The three new cases arrived from Iran
25 February 03:33 PM Kuwait’s health ministry confirms 8 coronavirus cases
Mubasher: Kuwait’s Ministry of Health announced that three Kuwaiti nationals had tested positive for the new coronavirus (COVID-19) epidemic, bringing the total infected cases to eight in the country until the moment. The three new cases arrived …
Mubarak ruled Egypt for almost 30 years
25 February 02:42 PM Egypt’s ex-President Hosni Mubarak passes away
Cairo – Mubasher: The Egyptian former President Hosni Mubarak passed away at the age of nearly 92 on Tuesday, state-run TV reported.  In January, Mubarak underwent a surgery and was said to be in a stable condition, according to his son Alaa.
Investors will be given the opportunity to bid on 320 blocks
25 February 02:15 PM Egypt to launch gold exploration tender mid-March
Cairo – Mubasher: Egypt will launch an international exploration tender for gold and other minerals such as copper and silver from 15 March to 15 July, the minister of petroleum Tarek El-Molla revealed. Investors will be given the opportunity to …
Global prices retreated by around 4% on Monday
25 February 01:55 PM Kuwait’s crude oil slid to $56.75 pb on Monday – KPC
Mubasher: The price of Kuwait’s crude oil declined by $1.84 on Monday, 24 February, to reach $56.75 per barrel (pb) as compared to KWD 58.59 pb last Friday, according to the official prices by Kuwait Petroleum Corporation (KPC). On the global …
Egypt's imports fell by 6.2% to $6.04 billion
25 February 01:43 PM Egypt’s trade balance deficit narrows 10.8% in December 2019
Cairo – Mubasher: Egypt’s trade balance deficit shrank by 10.8% year-on-year to $3.45 billion in December 2019, compared to $3.87 billion, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Tuesday. Exports …
Private investments grew to EGP 444 billion
25 February 01:07 PM EGP’s GDP expands to EGP 5.3trn in FY18/19
Cairo – Mubasher: Egypt’s gross domestic product (GDP) at current prices reached EGP 5.3 trillion in fiscal year 2018/2019, rising by 20% from FY17/18, the minister of planning and economic development Hala El-Saeed said. Investment spending …
Bahrain's residents should adhere to health guidelines to combat the novel virus
25 February 12:00 PM Bahrain suspends flights from Dubai, Sharjah for 48 hrs over coronavirus
Mubasher: Bahrain’s The Civil Aviation Affairs (CAA) has suspended all flights to and from the Dubai International Airport (DXB) and Sharjah International Airport for 48 hours starting early hours of 25 February 2020. The CAA is collaborating with …
Total South Korean investments in Egypt reached $570 million
25 February 11:51 AM Egypt, S.Korea bilateral trade hits $1.59bn in 2019
Cairo – Mubasher: Trade exchange between Egypt and South Korea amounted to $1.595 billion in 2019, the Egyptian minister of trade and industry Nevine Gamea said. Bilateral trade between the two countries included electronics, engineering products, …
The decision came during the cabinet’s weekly meeting on Monday
25 February 10:34 AM Kuwait cancels celebrations of National, Liberation days on coronavirus fears
Mubasher: The Kuwaiti cabinet has cancelled all celebrations scheduled for the National and Liberation Day holidays until further notice. The cabinet called upon all citizens to consider the efforts and steps the government is taking to contain …
Exports of food industries grew to $279 million
25 February 10:25 AM Egypt’s non-oil exports up 4% YoY in January
Cairo – Mubasher: Egypt’s non-oil exports rose by $85 million or 4% year-on-year (YoY) during January, according to data released by the General Organization of Export and Import Control (GOEIC). The North African nation’s non-oil exports amounted …
The company drilled a total of 34 development wells in H1 of FY19/20
24 February 03:33 PM Agiba Petroleum to invest $577m in FY20/21
Cairo – Mubasher: Agiba Petroleum Company is looking to inject $577 million in investments during fiscal year 2020/2021, the company’s chairman Mohamed Baydoun said. The company aims to maintain output rates of FY19/20, Baydoun added in a …
Four exploratory wells will be drilled in the next period
24 February 02:57 PM Ganope plans to drill 16 exploratory wells in FY20/21
Cairo – Mubasher: Ganoub El Wadi Petroleum Holding Company (Ganope) plans to drill 16 exploratory wells during fiscal year 2020/2021 with a total investment cost of $53 million, the company’s chairman Mohamed Abdel Azim said. The company also …
Total Belarusian exports to Egypt amounted to $116 million
24 February 02:06 PM Egypt-Belarus bilateral trade hits $142m in 2019
Cairo – Mubasher: Trade exchange between Egypt and Belarus rose by 31% year-on-year to $142 million in 2019, the Middle East News Agency (MENA) reported on Monday, citing the Belarusian ambassador to Cairo Sergei Terentiev as saying. Total …