Grand Egyptian Museum fuels hospitality, real estate expansion in West Cairo    IWG accelerates Egypt expansion, plans 30 new flexible workspace centres in 2026    Redminds, Saudi Al Warda Group launch real estate alliance targeting EGP 20bn investments by 2026    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt's gold reserves surges to $16.55b in October – CBE    Giant CMA CGM ship transits Suez Canal, signaling return of megavessels    Egypt's MSMEDA helps 18,000 SMEs win EGP 1.25b in state contracts    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Iraq's PM says holding elections on schedule is a 'major event' for the state    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    Egypt to adopt World Bank Human Capital Report as roadmap for government policy    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches new cancer pharmaceuticals sector to boost drug industry localization    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



COVID-19 to affect electronics, industrial sector in Egypt: DETGD
Published in Daily News Egypt on 04 - 03 - 2020

The electronic devices market will be affected greatly by the COVID-19 outbreak since Chinese electronic factories have been closing en masse due to the epidemic causing a shortage in world supply, said Khalil Hassan Khalil, chairperson of the Digital Economy and Technology General Division (DETGD) at the Federation of Egyptian Chambers of Commerce.
He added that up until now there has been no clear impact on the electronic devices market, however, according to the current data, there will definitely be a negative impact on the electronics and industry in general.
At first, the effect of the virus did not seem drastic, but with its rapid spread into many countries, the global economy started to be impacted as several countries halt their factories operating in China, so the negative economic effects of the crisis is becoming "inevitable".
Even industries of washing machines and refrigerators will be affected negatively due to the interruption of importing motherboards essential in the manufacturing process, which mainly come from Chinese factories.
Moreover, the digital transformation plans may be affected by the interruption in manufacturing of some hardware components that are part of the mechanisation and digital transformation processes.
COVID-19 continues to spread globally, except Antarctica. As of now, it has reached more than 80 countries since its appearance in the Chinese city of Wuhan late December 2019.
Coronavirus toll has now exceeded 3,203 deaths, out of more than 93,000 confirmed cases worldwide, the vast majority of whom were in China.
During the past 24 hours, total coronavirus deaths outside China rose to about 220 deaths in 13 countries – mostly in Iran, with 77 deaths out of more than 23,000 cases.


Clic here to read the story from its source.