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Sisi Oks new law earmarking EGP 10 bln to help fight coronavirus
Egypt's President Abdel Fattah al-Sisi approved on Monday new law to add 10 billion pounds to the state budget for…
Egypt to operate flights to repatriate nationals from US, UAE, UK, Sudan
The Egyptian embassy in the UAE will operate exceptional flights to bring home nationals stranded there as of May…
Moody’s estimates Egypt’s economic growth to slow below 3% in FY2020/21
Moody’s said on Monday it estimates Egypt’s economic growth to slow below 3 percent in the financial year…
Moody’s affirms Egypt’s B2 rating with stable outlook
Moody's has affirmed on Monday Egypt’s long-term foreign and local currency issuer ratings at B2, with an outlook…
IMF approves $2.772 billion in emergency support to Egypt to address coronavirus
The executive board of the International Monetary Fund (IMF) has approved on Monday a $2.772 billion worth of…
Banque du Caire signs $100 million loan deal with EIB to finance SMEs
Egypt’s state-run bank, Banque du Caire (BDC) announced on Monday it had signed a $100 million loan agreement with…
Egypt’s Evergrow targets less than planned exports of $220 mln in 2020 due to…
Egyptian fertilizer company Evergrow has downgraded its exports target to $220 million down from $280 million as…
Wearing face masks obligatory in banks amid coronavirus crisis: Federation of Egyptian…
The Federation of Egyptian Banks (FEB) has issued on Monday directives to all Egypt-based banks to oblige all their…
Egypt launches initiative to offer loans of 5% to tourism businesses
Egypt is launching a new initiative to support tourism and hospitality sectors in face of the repercussions of the…
Egypt’s Hassan Allam remains buoyant, eyes expansion
Egypt's state-run construction firm, Hassan Allam remains in a buoyant mood, despite the coronavirus (COVID-19)…