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Gold prices in Egypt fall by LE3 per gram

Gold prices in Egypt fall by LE3 per gram

Gold prices on Tuesday fell by three LE per gram, with 24-karat Gold falling to LE876, 21-karat Gold to LE767,…
Egyptian govt announces new increases to price of electricity

Egyptian govt announces new increases to price of electricity

Egyptian Electricity Minister Mohamed Shaker during a press conference on Tuesday announced the annual increases in electricity prices for domestic…
National Bank of Egypt provides LE 20 mn to French Qasr Al-Aini Hospital to fight coronavirus

National Bank of Egypt provides LE 20 mn to French Qasr Al-Aini Hospital to fight coronavirus

Chairperson of the National Bank of Egypt (NBE) Hisham Okasha announced that the bank has donated LE 20 million to…
Israeli ministry won’t oppose Cellcom purchase of Golan Telecom

Israeli ministry won’t oppose Cellcom purchase of Golan Telecom

TEL AVIV (Reuters) — Israel’s Finance Ministry said on Monday it does not see a reason to oppose the proposed…
Saudi Arabia to end voluntary cuts on top of OPEC+ pact

Saudi Arabia to end voluntary cuts on top of OPEC+ pact

DUBAI/LONDON/MOSCOW (Reuters) — Saudi Arabia will boost output in July to match its output OPEC quota while ending voluntary deeper…
US dollar to Egyptian pound exchange rates continue increasing

US dollar to Egyptian pound exchange rates continue increasing

The US dollar to Egyptian pound exchange rates increased by two piasters in favor of the dollar on Monday, continuing…
Coronavirus widens the cracks in Egypt’s cement industry

Coronavirus widens the cracks in Egypt’s cement industry

CAIRO (Reuters) — The coronavirus is putting Egypt’s private cement industry under even more pressure. Already scrambling to respond to…
Gulf mall operators rein in expansion as retailers reel from COVID-19

Gulf mall operators rein in expansion as retailers reel from COVID-19

DUBAI (Reuters) — Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil…
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts

Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts

The Egyptian government is set to receive its US$5.2 billion one-year International Monetary Fund (IMF) loan within the second half…
EBRD grants US$100 mn to support Egypt’s private sector: Minister

EBRD grants US$100 mn to support Egypt’s private sector: Minister

The European Bank for Reconstruction and Development (EBRD) has agreed to provide US$100 million in funding to the National Bank…
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