CBE offers 2-year hotel loans with 6-month grace
Government halts administrative distraint on defaulters in tourism sector for one year
Coronavirus fears erase EGX gains despite government stimulus
EGX30 down 2.76%, with turnover falling to EGP 762m
Egypt imposes two-week night-time curfew, shuts shops in weekends
36 new coronavirus cases reported in Egypt, raising the country’s total to 402
NTRA agrees with mobile operators to provide 250,000 ration bags to coronavirus-affected people
The initiative aims to ease the negative economic impacts of the coronavirus. It is also part of the mobile companies’ corporate social responsibility in such hard times.
Social Solidarity Ministry puts pension disbursement schedule to reduce crowding
For the 2.4 million pensioners who receive EGP 1,000 or less, they will receive their pensions from the Authority’s outlets, post offices, and ATMs on 1, 2, and 4 April,…
NSB defers loan repayments for 6 months under CBE’s initiative
Vice Chairperson and CEO of NSB Sharif Farouk denied what was reported about the bank not adhering to the CBE instructions due to his affiliation to the Ministry of Social…
Calls to halt construction activities to protect workers from COVID-19
Moreover, contractors have thousands of labourers who need to work to secure appropriate income and it would be the companies’ responsibility to pay them regularly even if they were forced…
COVID-19 containment measures hurt key sectors in Middle East: IMF
Tourist cancellations in Egypt reach 80%, says Azour
WBG urges G20 countries to suspend credit repayment for poorest countries
Countries need to move fast to boost health spending, says Malpass
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