economy
Egypt’s foreign currency reserves fall due to coronavirus crisis
Business
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…
Jordan IMF program needs adjusting after coronavirus: central bank governor
Middle East
April 8, 2020
Jordan IMF program needs adjusting after coronavirus: central bank governor
AMMAN (Reuters) – Jordan is in discussions with the IMF seeking to change some of the objectives of a four-year…
Egyptian govt. to provide assistance to private sector if needed: Sisi
Egypt
April 8, 2020
Egyptian govt. to provide assistance to private sector if needed: Sisi
Egypt’s government will provide assistance to the private sector of the economy if needed, President Abdel Fattah al-Sisi said on…
National Bank of Egypt opens bank account for donations against coronavirus
Economy
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…
‘Complete collapse of economies’ ahead as Africa faces virus
World
April 5, 2020
‘Complete collapse of economies’ ahead as Africa faces virus
KAMPALA, Uganda (AP) — Some of Uganda’s poorest people used to work here, on the streets of Kampala, as fruit…
Egypt confirms six new deaths, 69 additional coronavirus cases, raising total to 779
Egypt
April 1, 2020
Egypt confirms six new deaths, 69 additional coronavirus cases, raising total to 779
Egypt on Wednesday confirmed six additional deaths and 69 new coronavirus cases, bringing the country’s number of confirmed total cases…
Central Bank of Egypt slashes key interest rates by 3 percent
Business
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…
Major banks move to calm coronavirus fears as toll passes 6,000
World
March 16, 2020
Major banks move to calm coronavirus fears as toll passes 6,000
The US Federal Reserve and other central banks announced on Sunday a bold set of measures to shore up confidence…
US-China trade truce at risk as virus hits global economy
World
March 15, 2020
US-China trade truce at risk as virus hits global economy
A hard-won trade war truce between the US and China is at risk as the coronavirus pandemic rocks the global…
Coronavirus to cause first annual decline in oil use in decade: IEA
World
March 9, 2020
Coronavirus to cause first annual decline in oil use in decade: IEA
The world is set for its first annual decline in oil consumption in more than a decade due to the…