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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…
Egypt’s Evergrow postpones launch of mega projects due to coronavirus
Egyptian fertilizer company Evergrow will postpone the launch of its two mega projects until the current…
Egypt launches initiative countering coronavirus economic implications
Egypt’s Ministry of Planning launched on Tuesday Misr Hat’aady (Egypt will pass) initiative to encourage the…
Egypt cabinet approves lowering bourse trading fees
The Egyptian Cabinet decided to reduce bourse trading fees in a bid to boost the Egyptian Stock Exchange (EGX) and…
Against all odds, Egyptian billionaire Naguib Sawiris says he would buy airlines
Egyptian billionaire Naguib Sawiris told CNBC on Tuesday he would buy airlines, going against fellow billionaire…