While the move to allow Islamic bond sales will diversify the government's funding sources, Islamic finance is still a relatively small part of the Egyptian economy.
BiON (AIM: BION), an environmental engineering, wastewater treatment and renewable energy solutions company, provides an update on trading, on the publication of its results and on its biogas consortium. The Company also gives notice of a change in the shareholding of Mr. Habizan Rahman Bin Habeeb Rahman, an Executive Director of the Company. As previously noted, following the outbreak of COVID-19, on 18 March 2020 the Government of Malaysia implemented a Movement Control Order ( MCO ), which is the lockdown and restriction of movement for all civilians and non-essential businesses, including a ban on interstate travel. This required the Company to cease its construction activities at the various project sites as supplies, materials and equipment were not transportable or obtainable. From 4 May 2020, there was some easing of restrictions, but lockdown measures remained in place throughout the year, including various restrictions on i