Browsing Category
Feature
Egypt’s Pharco to start testing three experimental drugs for coronavirus next month
Egypt’s drugmaker Pharco Pharmaceutical said on Wednesday it expects to begin testing three new drugs that could…
Banque Misr appointed as paying agent for the first sukuk issued by Talaat Moustafa unit
Egypt’s second largest state lender Banque Misr has been appointed as principal paying agent for the first sukuk…
Foreign holdings of Egyptian pound T-bills drop by more than half in March
Foreign investors sold more than half of their Egyptian pound treasury bill (T-bills) holdings in March, according…
Egypt’s gold reserves grow to $3.705 billion in April – c.bank
Egypt’s gold reserves, a major component of foreign cash reserves, surged to around $3.705 billion in April from…
Egypt sees final approval of $2.7 billion from IMF
Egypt is expecting to secure final approval to obtain $2.7 billion from the International Monetary Fund (IMF) under…
Egypt reports 393 new coronavirus cases, its highest daily toll
Egypt recorded 393 new coronavirus cases on Thursday, its highest in a single day, taking the toll to 7981,…
Pharos: Egypt’s central bank to keep interest rates unchanged in next meeting
The Central Bank of Egypt (CBE) is likely to keep interest rates steady when the Monetary Policy Committee (MPC)…
Egypt has spent EGP 40 billion out of EGP100 billion to confront coronavirus; says FinMin
Egyptian government has spent 40 billion Egyptian pounds out of 100 billion pounds allocated to curb the spread of…
Egypt’s foreign reserves fall to $37.037 billion at end-April as coronavirus crisis hit
Egypt’s foreign reserves fell to $37.037 billion at the end of April from $40.108 billion at the end of March, the…
Egypt extends coronavirus night-time curfew until Ramadan end
The Egyptian cabinet extended the nighttime curfew until the end of Ramadan, prime minister Mostafa Madbouly said…