Business
Egypt to pay its foreign debts on time: finance minister
April 8, 2020
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
April 8, 2020
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
April 7, 2020
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
April 7, 2020
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
April 6, 2020
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
April 6, 2020
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
April 3, 2020
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
April 2, 2020
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
April 1, 2020
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
March 31, 2020
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…