Economy
CBE suspends work for Resurrection Sunday and Sham al-Nassim
April 15, 2020
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
April 12, 2020
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
April 10, 2020
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
April 8, 2020
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
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…
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…
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…
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…
CBE sets limits for cash transactions to counter coronavirus spread
March 29, 2020
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…