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MWC 2020 cancelled over coronavirus worries
13 - Thu - Feb - 2020
MWC 2020 cancelled over coronavirus worries
The Mobile World Congress (MWC), which was scheduled to be held in Barcelona on 24-27 February 2020, has been cancelled due to concerns about the coronavirus outbreak.Travel concerns and other circumstances make it impossible for the communication and mobile technology event to take place, organizer…
Egypt's furniture regional exports hit $164m in 2019
13 - Thu - Feb - 2020
Egypt's furniture regional exports hit $164m in 2019
Egypt has exported furniture valued at $265 million in 2019, down by 18% as compared to $324 million in 2018, Middle East News Agency (MENA) reported on Thursday.Exports to Saudi Arabia, the UAE, Oman, Iraq, and Sudan totalled $164 million last year, accounting for 62% of total exports,…
Egypt issues EGP 20.5bn T-bills on Thursday
13 - Thu - Feb - 2020
Egypt issues EGP 20.5bn T-bills on Thursday
The Central Bank of Egypt (CBK) on Thursday will issue treasury bills (T-bills) worth EGP 20.5 billion, in coordination with the Ministry of Finance (MoF), according to recent data from the CBK.   The first tranche of the issue amounts to EGP 10 billion and will be…
Kuwait’ oil up $1.28 on Wednesday – KPC
13 - Thu - Feb - 2020
Kuwait’ oil up $1.28 on Wednesday – KPC
Kuwait’s crude oil price increased by $1.28 on Wednesday, 12 February, to finish at $56.14 per barrel (pb) as compared to $54.86 pb a day earlier, according to the official prices of Kuwait Petroleum Corporation (KPC).On the global level, prices increased by 2.5% on Wednesday…
Italy's Edison starts exploratory drilling for gas in Egypt
13 - Thu - Feb - 2020
Italy's Edison starts exploratory drilling for gas in Egypt
Italian energy group Edison has begun drilling an exploratory well in deepwater acreage in Egypt, not far from other giant east Mediterranean gas fields, the CEO of Israel-focused gas driller Energean said on Wednesday.Energean is in the process of taking over Edison’s Egyptian assets in…