Economy
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…
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…
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…
US dollar – Egyptian pound exchange rate remains stable on Tuesday
April 28, 2020
US dollar – Egyptian pound exchange rate remains stable on Tuesday
Exchange rates between the US dollar and the Egyptian pound remained stable in several banks on Tuesday, following a decline…
Egypt requests fresh financial package from the IMF to counter coronavirus
April 26, 2020
Egypt requests fresh financial package from the IMF to counter coronavirus
The Egyptian government and the Central Bank of Egypt have requested a new financial package from the International Monetary Fund…
Egypt eager to provide more incentives to support industries
April 25, 2020
Egypt eager to provide more incentives to support industries
Egyptian Prime Minister Mostafa Madbouly announced on Friday that the government aims to provide more facilities and incentives to help…
EU leaders weigh massive virus economic recovery measures
April 23, 2020
EU leaders weigh massive virus economic recovery measures
BRUSSELS (AP) — European Union leaders are set to weigh Thursday the damage the coronavirus has inflicted on health care…