Economy
Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact
October 1, 2020
Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact
Egypt’s official gazette published on Thursday Presidential Decree no.177, which ratifies the US$2.7 billion funding agreement signed earlier this year…
Egypt extends tourism stimulus, waives visa fees in 4 governorates until April
September 30, 2020
Egypt extends tourism stimulus, waives visa fees in 4 governorates until April
Egypt’s cabinet approved on Wednesday the extension of several coronavirus-related exemptions and incentives, such as exempting tourists arriving in the…
Amazon plans to manufacture more of its products in Egypt
September 30, 2020
Amazon plans to manufacture more of its products in Egypt
Amazon’s Director of Public Policies for the MENA region Dalia Saif announced that her company is planning to manufacture more…
Egypt to become first Arab country to issue Green bonds
September 29, 2020
Egypt to become first Arab country to issue Green bonds
DUBAI/LONDON (Reuters) – Egypt started marketing a five-year US dollar-denominated Green bond on Tuesday at a yield of around 5.75…
Egypt cuts interest rates by 50 bps as inflation subsides
September 25, 2020
Egypt cuts interest rates by 50 bps as inflation subsides
Egypt’s central bank unexpectedly cut its main overnight interest rates by 50 basis points on Thursday, saying exceptionally low inflation…
National Bank of Egypt provides alternate certificates after terminating 15% platinum
September 22, 2020
National Bank of Egypt provides alternate certificates after terminating 15% platinum
The National Bank of Egypt (NBE) on Monday introduced various amendments to its certificates, following the termination of its annual…
Egypt announces its highest rates of natural gas production ever, now self-sufficent
September 20, 2020
Egypt announces its highest rates of natural gas production ever, now self-sufficent
The Petroleum Ministry’s integrated strategy to develop Egypt’s natural gas resources has resulted in the highest rates of natural gas…
Egyptian Minister, UN official discuss supporting countries impacted by coronavirus
September 19, 2020
Egyptian Minister, UN official discuss supporting countries impacted by coronavirus
Egyptian Finance Minister Mohamed Maait on Saturday discussed a proposal with UN Under-Secretary-General Vera Songwe to support countries impacted by…
Egypt’s ATM withdrawl fees will continue to be suspended until December 31: CBE
September 16, 2020
Egypt’s ATM withdrawl fees will continue to be suspended until December 31: CBE
The Deputy Governor of the Central Bank of Egypt, Rami Abu al-Naja, announced Tuesday that fees and commissions on cash withdrawals…
Egyptian real estate firms’ profit hit by coronavirus crisis
September 15, 2020
Egyptian real estate firms’ profit hit by coronavirus crisis
Egypt’s five biggest listed real estate firms reported a combined profit fall of nearly 31 percent in the second quarter…