Business
Egyptian parliament approves law allowing closure of failing publicly-owned companies
May 13, 2020
Egyptian parliament approves law allowing closure of failing publicly-owned companies
The Economic Committee of Egypt’s House of Representatives on Tuesday approved a bill amending Public Enterprise Sector Law No. 203/1991.…
Saudi Aramco debt to climb as world’s largest dividend weighs
May 13, 2020
Saudi Aramco debt to climb as world’s largest dividend weighs
LONDON (Reuters) — Saudi Aramco’s debt is expected breach target levels as an oil price collapse triggered by the coronavirus…
IMF approves US$2.77 billion support to Egypt to address coronavirus
May 12, 2020
IMF approves US$2.77 billion support to Egypt to address coronavirus
The executive board of the International Monetary Fund (IMF) has approved Egypt’s request for emergency financial assistance of US$2.772 billion…
Egypt’s Ministry of Finance to issue LE3 bn payment to tourist establishments
May 11, 2020
Egypt’s Ministry of Finance to issue LE3 bn payment to tourist establishments
Egypt’s Ministry of Finance on Monday launched an initiative guaranteeing the payment of LE three billion to Egypt’s national banks…
Egypt publishes report of building projects from 2014 to 2021 worth LE4 trillion
May 11, 2020
Egypt publishes report of building projects from 2014 to 2021 worth LE4 trillion
Egypt’s Ministry of Planning and Economic Development on Monday published a comprehensive report of completed and underway building projects from…
Egypt’s headline inflation rises to 5.9% in April, CAPMAS
May 11, 2020
Egypt’s headline inflation rises to 5.9% in April, CAPMAS
Egypt’s annual urban consumer price inflation rate increased to 5.9 percent in April from 5.1 percent in March, the official…
IMF discusses Egypt’s request for loan to counter coronavirus
May 11, 2020
IMF discusses Egypt’s request for loan to counter coronavirus
The International Monetary Fund (IMF) on Monday began discussing Egypt’s request for a new loan to counter the spread of…
Sisi follows up Egypt’s financial performance indicators from July 2019 to April 2020
May 11, 2020
Sisi follows up Egypt’s financial performance indicators from July 2019 to April 2020
Egyptian President Abdel Fattah al-Sisi on Sunday followed up the country’s financial performance indicators beginning from July 2019 until April…
Egypt’s Hotel Association selects 3 companies to perform hotel inspections
May 10, 2020
Egypt’s Hotel Association selects 3 companies to perform hotel inspections
Hotels in Egypt wishing to operate again must undergo inspections conducted by one of three international companies chosen by the…
US Dollar exchange rates maintain prices against Egyptian pound due to declining imports
May 10, 2020
US Dollar exchange rates maintain prices against Egyptian pound due to declining imports
US Dollar exchange rates will stabilize against the Egyptian pound due to a decline in demand and imports resulting from…