Business
Egypt to deduct 1% of state servants incomes over a year to fight coronavirus
May 20, 2020
Egypt to deduct 1% of state servants incomes over a year to fight coronavirus
The Egyptian Cabinet approved on Wednesday a draft law to provide a monthly deduction starting July 1 for over a…
Egypt’s GDP to grow 3.5% in 2020-2021 fiscal year if coronavirus ends: Planning Minister
May 20, 2020
Egypt’s GDP to grow 3.5% in 2020-2021 fiscal year if coronavirus ends: Planning Minister
Egypt’s GDP is anticipated to grow by 3.5 percent in fiscal year 2020-2021 if the coronavirus crisis ends, Minister of…
Gold prices in Egypt see slight rise following US-China trade tensions
May 20, 2020
Gold prices in Egypt see slight rise following US-China trade tensions
Gold prices witnessed a slight rise in Egypt on Wednesday due to US-China tensions, a member of Egypt’s Jewelers Division…
Largest optical fiber cable factory in Africa set for Suez Canal zone at LE1 bn cost
May 20, 2020
Largest optical fiber cable factory in Africa set for Suez Canal zone at LE1 bn cost
The largest factory manufacturing optical fiber cables in Egypt, Africa and the Arab world with investments exceeding one billion LE…
US Dollar exchange rates in Egypt rise on Monday
May 18, 2020
US Dollar exchange rates in Egypt rise on Monday
The US dollar exchange rate in Egyptian banks has risen on Monday compared with Sunday’s exchange rates. The exchange rate…
World Bank approves US$50 million support for Egypt to fight coronavirus
May 17, 2020
World Bank approves US$50 million support for Egypt to fight coronavirus
The World Bank has approved US$50 million to support Egypt’s fight against the coronavirus, with the bank explaining in a…
Egypt’s Gold prices up by LE5 per gram, 21 carats at LE 760
May 16, 2020
Egypt’s Gold prices up by LE5 per gram, 21 carats at LE 760
The price of gold has risen in the Egyptian market on Saturday by about five LE compared to Friday’s prices.…
Germany in recession as economy shrinks 2.2% in 1st quarter
May 15, 2020
Germany in recession as economy shrinks 2.2% in 1st quarter
BERLIN (AP) — The German economy shrank by 2.2 percent in the first quarter compared with the previous three-month period…
European countries offer more economic relief from pandemic
May 14, 2020
European countries offer more economic relief from pandemic
ROME (AP) — European governments promised more relief to their citizens on Thursday as a top US immunologist prepared to…
Turkey crunch would pack only weak punch for emerging markets
May 13, 2020
Turkey crunch would pack only weak punch for emerging markets
LONDON (Reuters) — Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies…