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NBE, Banque Misr keep interest rate of 3-year saving certificates
The National Bank of Egypt (NBE) and Banque Misr decided Tuesday to keep the interest rate on their three-year…
Egypt halts alcohol, face masks exports for 3 months
Egypt has issued two decisions stopping the exports of face masks, anti-infective supplies as well as alcohol and…
Egypt lowers industrial gas price to $4.5/mmBtu amid coronavirus outbreak
Egypt on Tuesday cut the price of natural gas for industrial use to $4.5 per million British thermal units (mmBtu)…
Egypt slashes stock market stamp duty to fight coronavirus effects
Egypt on Tuesday cut stamp duty on its stock exchange (EGX) transactions to be 1.25 Egyptian pounds ($0.079) per…
Egypt cuts dividends tax on bourse-listed firms to ease coronavirus impact
Egypt on Tuesday has cut a tax on dividends for companies listed on its stock exchange (EGX) to 5 percent in an…
Egypt’s tourism seen losing $1 billion a month due to coronavirus – minister
Egypt’s tourism sector is expected to incur losses up to $1 billion per month after the suspension of all…
Egypt confirms 40 new coronavirus cases, two deaths – ministry
Egypt confirmed on Monday 40 new coronavirus cases and two more deaths, bringing the total of the virus-related…
Egypt’s stock exchange halts trading in 40 shares at opening
Egypt’s stock exchange (EGX) halted trading in 40 shares for 10 minutes on Tuesday after they plunged more than 5…
Egypt’s exports seen falling 25% as coronavirus batters trade and business – expert
Egypt’s exports are likely to tumble 25 percent this year, as the health crisis triggered by the coronavirus…
Egypt’s central bank cuts interest rates by 3% to buffer economy from coronavirus
Egypt’s central bank cut its main interest rates by 3 percent on Monday as a “preemptive” move to support the…