State fund CDG estimates coronavirus toll on economy at $5.4 bln

State fund CDG said that the losses due to coronavirus could amount to $5.4 billion (54 billion dirhams) with Morocco expecting a recession in 2020. The study was based on the hypothesis of a four-month-long crisis and a gradual resumption of activity by July 2020. It expects agricultural production to contract by 6% with only […]

Egypt to receive permission in 2022 to build two nuclear plants for electricity generation

Egypt is expected to receive, this year, the permission to build two nuclear plants for electricity generation.   Amjad Al-Wakeel, Chairman of Egypt’s Nuclear Power Plant Authority (NPPA), told Zawya the projects already in phases will be implemented in the second half of 2022. NPPA is coordinating with the contractor Rosatom of Russia to obtain […]

Egyptian MP calls for TikTok ban over ethics and security concerns

Egyptian MP Essam Diab has urged Prime Minister Mostafa Madbouly and Communications Minister Amr Talaat to ban TikTok, accusing the platform of undermining societal and family values. Diab described in a Facebook statement, the app as a source of “debauchery and obscenity” threatening Egyptian identity and ethics. Diab, who submitted a formal briefing request, argued […]