Economy

National Bank of Egypt opens bank account for donations against coronavirus

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

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

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

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

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

$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

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

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

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

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…
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