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Saudi Telecom extends Vodafone Egypt stake purchase process by 90 days

Saudi Telecom extends Vodafone Egypt stake purchase process by 90 days

DUBAI (Reuters) – Saudi Telecom Co (STC) 7010.SE, the kingdom’s biggest telecoms operator, said on Monday it needed more time…
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

BAKU/DUBAI/LONDON (Reuters) — OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop…
Egypt postpones Banque du Caire stake sale due to coronavirus: chairman

Egypt postpones Banque du Caire stake sale due to coronavirus: chairman

CAIRO (Reuters) – Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire (BQDC.CA) in…
UN raises $2 bn to counter coronavirus globally: UN official

UN raises $2 bn to counter coronavirus globally: UN official

The UN has so far raised US$2 billion to combat the coronavirus crisis globally, the United Nations Resident Coordinator in…
Egypt’s foreign currency reserves fall due to coronavirus crisis

Egypt’s foreign currency reserves fall due to coronavirus crisis

The Central Bank of Egypt (CBE) said that it has used US$5.4 billion from its foreign currency reserves during March…
Egypt to pay its foreign debts on time: finance minister

Egypt to pay its foreign debts on time: finance minister

Finance Minister Mohamed Maait emphasized that Egypt would pay its foreign debts on time, adding that the ministry has begun…
Egypt launches initiative to provide small businesses with LE1 million loans

Egypt launches initiative to provide small businesses with LE1 million loans

Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) launched an initiative on Tuesday to provide small businesses, including industrial and labor-intensive…
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…
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