Economy
National Bank of Egypt provides LE 20 mn to French Qasr Al-Aini Hospital to fight coronavirus
June 8, 2020
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
June 8, 2020
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
June 8, 2020
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…
EBRD grants US$100 mn to support Egypt’s private sector: Minister
June 7, 2020
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…
Egypt reaches agreement with IMF to receive US$5.2 billion
June 6, 2020
Egypt reaches agreement with IMF to receive US$5.2 billion
Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) for a 12 month US$5.2 billion Stand-By Arrangement…
European Central Bank nearly doubles pandemic support scheme
June 4, 2020
European Central Bank nearly doubles pandemic support scheme
FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600…
US dollar exchange rates continue increasing against Egyptian pound
June 4, 2020
US dollar exchange rates continue increasing against Egyptian pound
US dollar to Egyptian pound exchange rates increased in favor of the dollar on Thursday, continuing a rise that began…
US dollar exchange rates in Egypt continue to rise
June 2, 2020
US dollar exchange rates in Egypt continue to rise
US dollar–Egyptian pound exchange rates in banks across Egypt increased in favor of the dollar on Tuesday. The exchange rate…
Samsung raises investments in Egyptian market to over US$84 million
May 31, 2020
Samsung raises investments in Egyptian market to over US$84 million
Samsung Egypt plans to inject new investments in the Egyptian market over the next five years valued at US$84 million,…
Egypt’s Gold prices up by LE4 per gram, 21-karat at LE764
May 30, 2020
Egypt’s Gold prices up by LE4 per gram, 21-karat at LE764
Gold prices in the Egyptian market rose by about four LE on Saturday compared to Friday’s prices. The price of…