Business

CBE cancels its negative list of companies and individuals

CBE cancels its negative list of companies and individuals

The Central Bank of Egypt (CBE) on Tuesday announced in a statement that it has amended the ruling of the…
India drops anti-dumping probe against MEG imports from Saudi Arabia

India drops anti-dumping probe against MEG imports from Saudi Arabia

NEW DELHI (Reuters) – India has dropped an anti-dumping investigation over imports of polyester feedstock monoethylene glycol (MEG) from Saudi…
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…
Central Bank of Egypt expands base of beneficiaries for LE100 bn stimulus initiative

Central Bank of Egypt expands base of beneficiaries for LE100 bn stimulus initiative

The Central Bank of Egypt (CBE) on Sunday decided to expand the base of beneficiaries for its LE100 billion stimulus…
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…
Egypt’s private airlines call for aviation minister to intervene amid coronavirus crisis

Egypt’s private airlines call for aviation minister to intervene amid coronavirus crisis

CAIRO, March 31 (Reuters) – Egypt’s private airlines companies appealed on Tuesday to the civil aviation minister to intervene to…
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…
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