Business
National Bank of Egypt provides LE 20 mn to French Qasr Al-Aini Hospital to fight coronavirus
June 8, 2020
National Bank of Egypt provides LE 20 mn to French Qasr Al-Aini Hospital to fight coronavirus
Chairperson of the National Bank of Egypt (NBE) Hisham Okasha announced that the bank has donated LE 20 million to…
Israeli ministry won’t oppose Cellcom purchase of Golan Telecom
June 8, 2020
Israeli ministry won’t oppose Cellcom purchase of Golan Telecom
TEL AVIV (Reuters) — Israel’s Finance Ministry said on Monday it does not see a reason to oppose the proposed…
Saudi Arabia to end voluntary cuts on top of OPEC+ pact
June 8, 2020
Saudi Arabia to end voluntary cuts on top of OPEC+ pact
DUBAI/LONDON/MOSCOW (Reuters) — Saudi Arabia will boost output in July to match its output OPEC quota while ending voluntary deeper…
US dollar to Egyptian pound exchange rates continue increasing
June 8, 2020
US dollar to Egyptian pound exchange rates continue increasing
The US dollar to Egyptian pound exchange rates increased by two piasters in favor of the dollar on Monday, continuing…
Coronavirus widens the cracks in Egypt’s cement industry
June 8, 2020
Coronavirus widens the cracks in Egypt’s cement industry
CAIRO (Reuters) — The coronavirus is putting Egypt’s private cement industry under even more pressure. Already scrambling to respond to…
Gulf mall operators rein in expansion as retailers reel from COVID-19
June 8, 2020
Gulf mall operators rein in expansion as retailers reel from COVID-19
DUBAI (Reuters) — Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil…
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
June 7, 2020
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
The Egyptian government is set to receive its US$5.2 billion one-year International Monetary Fund (IMF) loan within the second half…
EBRD grants US$100 mn to support Egypt’s private sector: Minister
June 7, 2020
EBRD grants US$100 mn to support Egypt’s private sector: Minister
The European Bank for Reconstruction and Development (EBRD) has agreed to provide US$100 million in funding to the National Bank…
Egypt reaches agreement with IMF to receive US$5.2 billion
June 6, 2020
Egypt reaches agreement with IMF to receive US$5.2 billion
Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) for a 12 month US$5.2 billion Stand-By Arrangement…
European Central Bank nearly doubles pandemic support scheme
June 4, 2020
European Central Bank nearly doubles pandemic support scheme
FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600…