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Egypt’s foreign currency reserves are still ‘safe’: CBE

Egypt’s foreign currency reserves are still ‘safe’: CBE

The Deputy Governor of the Central Bank of Egypt (CBE) Ramy Aboul-Naga, announced that the nation’s foreign currency reserves are…
Gold prices in Egypt fall by LE7, 21-karat gold now worth LE743

Gold prices in Egypt fall by LE7, 21-karat gold now worth LE743

Gold prices in the Egyptian market decreased by about seven LE on Saturday compared to Friday’s prices. The price of…
Egypt begins preparing to reopen businesses post-coronavirus

Egypt begins preparing to reopen businesses post-coronavirus

The Egyptian government has begun preparations to ease restrictions on businesses  once the coronavirus outbreak fades. The Minister of Planning…
Egyptian government spends LE40 bn in two and a half months

Egyptian government spends LE40 bn in two and a half months

Egyptian Finance Minister Mohamed Maait announced on Thursday that the government has succeeded in dealing with the novel coronavirus by…
Uber lays off 40% of employees in Egypt amid coronavirus outbreak

Uber lays off 40% of employees in Egypt amid coronavirus outbreak

American multinational ride-hailing company Uber Technologies on Wednesday laid off 40 percent of its employees in Egypt due to the…
Video: Global demand for Egypt’s agricultural products rises despite coronavirus

Video: Global demand for Egypt’s agricultural products rises despite coronavirus

The Chinese satellite channel CGTN (China Global Television Network) has aired a report highlighting how worldwide demand for Egypt’s agricultural…
Egypt expects decrease in budget surplus, increase in total deficit

Egypt expects decrease in budget surplus, increase in total deficit

Egyptian Finance Minister Mohamed Maait on Tuesday reviewed the expected effects of the coronavirus crisis on the state’s draft budget…
SABIC reports first-quarter loss, warns coronavirus could hit demand

SABIC reports first-quarter loss, warns coronavirus could hit demand

(Reuters) — Saudi Basic Industries Corp, the world’s fourth-biggest petrochemicals firm, reported a net loss in the first quarter, citing…
Qatar Petroleum plans job and cost cuts amid market downturn: sources

Qatar Petroleum plans job and cost cuts amid market downturn: sources

LONDON/DUBAI (Reuters) — Qatar Petroleum, one of the world’s biggest energy companies, plans a new wave of job cuts and…
European economy suffers record drop amid pandemic

European economy suffers record drop amid pandemic

FRANKFURT, Germany (AP) — The European economy shrank by a record 3.8 percent in the first quarter as business activity…
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