Business
Egypt’s foreign currency reserves are still ‘safe’: CBE
May 10, 2020
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
May 9, 2020
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
May 9, 2020
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
May 8, 2020
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
May 7, 2020
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
May 6, 2020
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
May 5, 2020
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
May 4, 2020
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
April 30, 2020
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
April 30, 2020
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…