Economy
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…
Stocks, crude hammered as Trump’s Europe ban fans recession fears
March 12, 2020
Stocks, crude hammered as Trump’s Europe ban fans recession fears
Equities and oil prices fell through the floor again on Thursday after Donald Trump banned all travel from Europe to…
Oil drop, coronavirus are ‘perfect storm’ for Middle East, North Africa: World Bank
March 11, 2020
Oil drop, coronavirus are ‘perfect storm’ for Middle East, North Africa: World Bank
DUBAI (Reuters) — A record drop in oil prices and the coronavirus outbreak have left the Middle East and North…
US dollar exchange rate in Egypt jumps amid coronavirus fears, plummeting oil prices
March 10, 2020
US dollar exchange rate in Egypt jumps amid coronavirus fears, plummeting oil prices
The price of the US dollar against the Egyptian Pound went up in local banks during morning trading on Tuesday,…