Economy
Egypt provided LE 3.8 bn to health sector during March to fight coronavirus
March 25, 2020
Egypt provided LE 3.8 bn to health sector during March to fight coronavirus
The Egyptian Finance Ministry said on Wednesday that it has provided, since the beginning of March, funds totaling LE 3.8…
Egypt considers fund to support informal economy workers amid virus outbreak
March 23, 2020
Egypt considers fund to support informal economy workers amid virus outbreak
Egypt’s Cabinet on Sunday discussed establishing a crisis management fund to support workers in the informal economy who have been…
Egypt to allocate 20 bln Egyptian pounds to support bourse
March 22, 2020
Egypt to allocate 20 bln Egyptian pounds to support bourse
Egypt will allocate 20 billion Egyptian pounds ($1.27 billion) to support the stock exchange, President Abdel Fattah al-Sisi said on…
CBE launches electronic payment initiative to curb coronavirus
March 22, 2020
CBE launches electronic payment initiative to curb coronavirus
The Central Bank of Egypt (CBE) on Saturday launched a new initiative to encourage citizens to expand using electronic payment…
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
March 17, 2020
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
The Central Bank of Egypt (CBE) has ordered local banks in the country not to impose additional fines applied to…
Central Bank of Egypt slashes key interest rates by 3 percent
March 17, 2020
Central Bank of Egypt slashes key interest rates by 3 percent
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) during an unscheduled meeting on Monday has chosen to slash…
Virus-hit Gulf has little room to boost revenue after oil price shock
March 17, 2020
Virus-hit Gulf has little room to boost revenue after oil price shock
DUBAI (Reuters) — The coronavirus outbreak and plunging crude prices are a double blow that leaves Gulf Arab governments with…
Coronavirus likely to increase US dollar exchange rate in Egypt: Experts
March 16, 2020
Coronavirus likely to increase US dollar exchange rate in Egypt: Experts
Experts anticipate that the worldwide spread of the novel coronavirus will increase the US dollar’s exchange rate against the Egyptian…
CBE announces measures to mitigate coronavirus impact on banking sector
March 16, 2020
CBE announces measures to mitigate coronavirus impact on banking sector
The Central Bank of Egypt (CBE) announced, on Sunday, a set of preventive measures in light of the coronavirus (COVID-19)…
Egypt set for agreement with France’s Rungis to develop wholesale markets
March 15, 2020
Egypt set for agreement with France’s Rungis to develop wholesale markets
Egypt’s Ministry of Supply and Internal Trade on Monday will sign a partnership agreement with Rungis, the largest French company…