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Coronavirus fears hit Egypt’s stock exchange hard at midday
Egypt’s stock exchange (EGX) tanked at midday, after being suspended for half an hour, spooked by the broadening…
Global financing may face a ‘Sudden Stop’ with coronavirus as main driver: IIF
“We worry a global sudden stop in financing is beginning to emerge, with COVID-19 the underlying driver,” the…
Egypt to implement President Sisi’s new economic policies in FY2020/2021
Egypt’s Minister of Finance Mohamed Maait has announced that the FY2020/2021 state budget includes procedures that…
Coronavirus, lower oil prices to impact Egyptian economy: IMF
The cronavirus disease (COVID-19) outbreak as well as lower oil and commodity prices along with lower demand and…
CBE announces measures to shield Egypt economy of coronavirus impact
Central Bank of Egypt issues new measures to banks working in Egypt to fight coronavirus which include postponing…
EGX loses EGP39.61bln of market cap. in early week tradings
The Egyptian Exchange (EGX) ended Sunday session with deep loss following the decline of the world stocks by the…
Kenya Re plans a Sharia-compliant subsidiary in Egypt
Kenya Re seeks to establish a Shariah-compliant subsidiary in Egypt after converting into capital $52.5 million…
Emirates NBD Egypt reports 44% increase in profit during 2019
Egypt reported a 44.23 percent year-on-year hike in its net profits in 2019, the bank’s consolidated financial…
Egypt cancels celebration of Isra and Mi’raj to counter coronavirus
The Egyptian Ministry of Awqaf decided to cancel an annual religious festival due to the coronavirus (Covid 20219)…
Sisi orders increase of employees’ salaries, raising living standards
President Abdel-Fattah El-Sisi directed the government to adopt a host of measures aimed at increasing the incomes…