Economy

CBE suspends work for Resurrection Sunday and Sham al-Nassim

CBE suspends work for Resurrection Sunday and Sham al-Nassim

The Central Bank of Egypt (CBE) has suspended work across all its banks for April 19 and April 20 due…
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…
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…
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…
World Bank allocates $7.9 mn to Egypt to fight coronavirus

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…
Oil Ministry debunks social media posts showing Egypt’s oil prices for April-June

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

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…
CBE sets limits for cash transactions to counter coronavirus spread

CBE sets limits for cash transactions to counter coronavirus spread

The Central Bank of Egypt (CBE) on Sunday set maximum limits for cash deposits and withdrawals as part of precautionary…
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