Economy

Egypt begins preparing to reopen businesses post-coronavirus

Egypt begins preparing to reopen businesses post-coronavirus

The Egyptian government has begun preparations to ease restrictions on businesses  once the coronavirus outbreak fades. The Minister of Planning…
Egyptian government spends LE40 bn in two and a half months

Egyptian government spends LE40 bn in two and a half months

Egyptian Finance Minister Mohamed Maait announced on Thursday that the government has succeeded in dealing with the novel coronavirus by…
Egypt expects decrease in budget surplus, increase in total deficit

Egypt expects decrease in budget surplus, increase in total deficit

Egyptian Finance Minister Mohamed Maait on Tuesday reviewed the expected effects of the coronavirus crisis on the state’s draft budget…
European economy suffers record drop amid pandemic

European economy suffers record drop amid pandemic

FRANKFURT, Germany (AP) — The European economy shrank by a record 3.8 percent in the first quarter as business activity…
US dollar – Egyptian pound exchange rate remains stable on Tuesday

US dollar – Egyptian pound exchange rate remains stable on Tuesday

Exchange rates between the US dollar and the Egyptian pound remained stable in several banks on Tuesday, following a decline…
Egypt requests fresh financial package from the IMF to counter coronavirus

Egypt requests fresh financial package from the IMF to counter coronavirus

The Egyptian government and the Central Bank of Egypt have requested a new financial package from the International Monetary Fund…
Egypt eager to provide more incentives to support industries

Egypt eager to provide more incentives to support industries

Egyptian Prime Minister Mostafa Madbouly announced on Friday that the government aims to provide more facilities and incentives to help…
EU leaders weigh massive virus economic recovery measures

EU leaders weigh massive virus economic recovery measures

BRUSSELS (AP) — European Union leaders are set to weigh Thursday the damage the coronavirus has inflicted on health care…
Egypt’s Central Bank to ease cash withdrawal limits during Ramadan

Egypt’s Central Bank to ease cash withdrawal limits during Ramadan

Chairman of the Federation of Egyptian Banks (FEB) and President of Banque Misr Mohamed al-Etriby said on Wednesday that the…
US dollar jumps vs Saudi riyal in forwards market as oil slumps

US dollar jumps vs Saudi riyal in forwards market as oil slumps

LONDON/DUBAI (Reuters) — The US dollar rose against the Saudi riyal in the forwards market on Wednesday after oil prices…
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