Latest in Day: May 17, 2018 Highlight

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Latest in Day: May 17, 2018


CBE maintains interest rates in the wake of rising oil prices

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to maintain interest rates at their current levels,  according to a statement issued by the CBE on Thursday. On April, The MPC decided to cut interest rates by by 100 basis points (1%). For the second time in 2018, each of the overnight deposit …

Daily News Egypt

Lantern handicraft fights to survive

  For hundreds of years, Ramadan has been connected to lanterns in Egypt. Weeks ahead of the start of the holy month, streets become filled with vendors selling lanterns of every shape and size. Just like any other industry in Egypt, Chinese products have recently dominated the sphere, erasing any existence of local production. With …

Daily News Egypt

Happy Ramadan for Zamalek!

Only 24 hours before the month of Ramadan, Zamalek SC and fans celebrated on Tuesday the winning of its 26th Egypt Cup title after beating Smouha SC 5-4 on penalties. The Zamalek members extended their gratitude to the club’s board of directors for their support of the team and its coaching staff throughout the season. …

Daily News Egypt

Ramadan in India

There is a large number of Muslims in India—around 200 million. Islam is the second largest religion in India, following Hinduism. Daily News Egypt will shed light on Indian Muslims’ traditions during the holy month of Ramadan. Despite the great diversity of religions and beliefs in India, everyone lives there in harmony and tolerance. Muslims …

Daily News Egypt

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