Economics

In-depth look at Egypt’s economic sectors amid COVID-19 outbreak

CAIRO – 4 April 2020: With more than one million cases infected with the novel Coronavirus (COVID-19) so far, the…

Sudan announces operation of electricity linkage with Egypt

KHARTOUM, April 3 (MENA) – The Sudanese Ministry of Energy and Mining has announced the operation of the 60-megawatt electricity…

Egypt exports 68k tons of onion since September

CAIRO – 4 April 2020: Since September, Egypt has exported 68,000 tons of onion. The crop is still being exported…

World Bank offers Egypt $7.9m to fund its measures against COVID-19

CAIRO – 3 April 2020: The World Bank announced that it activated on March 20 the Contingency Emergency Response Component…

Egypt’s Military Production Ministry, SCZone to form joint committee to beef up cooperation

CAIRO – 3 April 2020: The Ministry of Military Production and the Suez Canal Economic Zone (SCZone) agreed on Friday…

EGX ends week in green, market cap. gains LE 2.3B

CAIRO – 2 April 2020: The Egyptian Exchange (EGX) ended last session of the week, Thursday, in green, adding LE…

ITIDA: Export support to be given to companies in April instead of June

CAIRO – 2 April 2020: The Information Technology Industry Development Agency (ITIDA) said on Thursday that it will pay export…

Telecom Egypt to decrease WE Ardy 35 bundle subscription fees from LE 35 to 20

CAIRO – 2 April 2020:Telecom Egypt decided on Thursday to cut down subscription fees in the WE Ardy from LE…

Finance Minitry auctions T-bills worth LE 21 billion

CAIRO – 2 April 2020: The Ministry of Finance on Thursday auctioned treasury bills at a total value of EGP…

Egypt’s central bank keeps interest rates unchanged

CAIRO – 2 April 2020: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided Thursday, April…

Egyptian banks explore multiple avenues to growth

LONDON, April 1 (MENA) – Egypt's banks have emerged from a difficult decade with their appetite for expansion undimmed, The…

Egypt’s central bank issues LE 21B in T-bills Thursday

CAIRO – 2 April 2020: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set…

Egyptians to re-charge electricity prepaid meters via Bluetooth

CAIRO – 31 March 2020: Egyptians will be able to re-charge their pre-paid electricity meters through NFC feature via Bluetooth…

Egypt’s trade deficit records $2.84 in January

CAIRO – 2 April 2020: Egypt’s trade deficit declined 30.3 percent during January 2020, recording $2.84 billion, compared to $4.07…

Egypt raises investments in health sector by 69% in 20/21

CAIRO – 1 April 2020: "Egypt targets to increase investments in health sector during fiscal year 2020/2021 by 69 percent,…
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