The Telecom Egypt headquarters building in Cairo, Egypt. Reuters
Egypt’s unemployment rate dropped to 8.1 per cent in the first quarter of 2019 from 10.6 per cent in same period the previous year, state statistics agency CAPMAS said on Wednesday.
Egypt’s non-oil private sector economy saw renewed growth in April, according to latest PMI data. Output expanded for the first time in nearly one-and-a-half years and new business increased at a faster rate. Input purchasing and job numbers also rose, while business sentiment towards the year-ahead outlook for activity strengthened.
Business sentiment around future activity soared to the highest in one-and-a-half years in August, as more Egyptian firms expressed optimism for growth.
The UAE’s Ministry of Defence signed 15 deals at a total value of more than Dhs3 billions on the third day of Dubai Airshow 2019, a senior official said on Wednesday.
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, enacted a new DIFC Intellectual Property Law,
The Ajman Chamber of Commerce and Industry (ACCI) and a delegation from Russia reviewed the ways to enhance the cooperation in various sectors. Abdullah Al Muwaiji, Chairman