Economy
National Bank of Egypt opens bank account for donations against coronavirus
April 6, 2020
National Bank of Egypt opens bank account for donations against coronavirus
The National Bank of Egypt (NBE) on Monday opened bank account #111111 to receive donations from citizens supporting doctors and…
World Bank allocates $7.9 mn to Egypt to fight coronavirus
April 3, 2020
World Bank allocates $7.9 mn to Egypt to fight coronavirus
The World Bank on Friday announced it was allocating US$7.9 million to the Egyptian government to finance a coronavirus emergency…
Oil Ministry debunks social media posts showing Egypt’s oil prices for April-June
April 1, 2020
Oil Ministry debunks social media posts showing Egypt’s oil prices for April-June
Egypt’s Ministry of Oil and Mineral Resources on Tuesday debunked social media posts reportedly showcasing the updated oil prices for…
Egypt’s current account deficit narrows in Q4 of 2019
March 31, 2020
Egypt’s current account deficit narrows in Q4 of 2019
Egypt’s current account deficit for the last quarter of 2019 narrowed to $3.19 billion from $3.25 billion in the same…
CBE sets limits for cash transactions to counter coronavirus spread
March 29, 2020
CBE sets limits for cash transactions to counter coronavirus spread
The Central Bank of Egypt (CBE) on Sunday set maximum limits for cash deposits and withdrawals as part of precautionary…
$2 trillion rescue package passes US Senate, heads to House
March 26, 2020
$2 trillion rescue package passes US Senate, heads to House
The US Senate unanimously passed the nation’s largest-ever rescue package late Wednesday, a $2 trillion lifeline to suffering Americans, critically…
Egypt Post increases ATM machine withdrawal limit to LE10,000
March 25, 2020
Egypt Post increases ATM machine withdrawal limit to LE10,000
The Egypt Post authority on Wednesday increased the maximum limit for withdrawals from ATMs to LE10,000 per day, up from…
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…