Economy
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…
$2 trillion rescue package passes US Senate, heads to House
March 26, 2020
$2 trillion rescue package passes US Senate, heads to House
The US Senate unanimously passed the nation’s largest-ever rescue package late Wednesday, a $2 trillion lifeline to suffering Americans, critically…
Egypt Post increases ATM machine withdrawal limit to LE10,000
March 25, 2020
Egypt Post increases ATM machine withdrawal limit to LE10,000
The Egypt Post authority on Wednesday increased the maximum limit for withdrawals from ATMs to LE10,000 per day, up from…
Egypt provided LE 3.8 bn to health sector during March to fight coronavirus
March 25, 2020
Egypt provided LE 3.8 bn to health sector during March to fight coronavirus
The Egyptian Finance Ministry said on Wednesday that it has provided, since the beginning of March, funds totaling LE 3.8…
Egypt considers fund to support informal economy workers amid virus outbreak
March 23, 2020
Egypt considers fund to support informal economy workers amid virus outbreak
Egypt’s Cabinet on Sunday discussed establishing a crisis management fund to support workers in the informal economy who have been…
Egypt to allocate 20 bln Egyptian pounds to support bourse
March 22, 2020
Egypt to allocate 20 bln Egyptian pounds to support bourse
Egypt will allocate 20 billion Egyptian pounds ($1.27 billion) to support the stock exchange, President Abdel Fattah al-Sisi said on…
CBE launches electronic payment initiative to curb coronavirus
March 22, 2020
CBE launches electronic payment initiative to curb coronavirus
The Central Bank of Egypt (CBE) on Saturday launched a new initiative to encourage citizens to expand using electronic payment…
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
March 17, 2020
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
The Central Bank of Egypt (CBE) has ordered local banks in the country not to impose additional fines applied to…
Central Bank of Egypt slashes key interest rates by 3 percent
March 17, 2020
Central Bank of Egypt slashes key interest rates by 3 percent
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) during an unscheduled meeting on Monday has chosen to slash…
Virus-hit Gulf has little room to boost revenue after oil price shock
March 17, 2020
Virus-hit Gulf has little room to boost revenue after oil price shock
DUBAI (Reuters) — The coronavirus outbreak and plunging crude prices are a double blow that leaves Gulf Arab governments with…