Banks in Egypt discuss fate of interest rates following CBE’s cut
Yield of some savings certificates, loan products automatically decreases by 0.5%, while market awaits launch of first bids for T-bills, bonds
CBE expects inflation to average under 6% in Q4 2020
Interest rate cut currently provides adequate support for economic activity, consistent with achieving price stability in medium term: MPC
HDB records EGP 1.9bn in profit before tax during 9M 2020
Positive results recorded despite economic challenges, exceptional circumstances this year: Chairperson
Lebanon starts nationwide lockdown amid surge in COVID-19 cases
Caretaker Prime Minister Hassan Diab urged people a day earlier to commit to COVID-19 lockdown measures while prioritizing people's health over the economy.
TikTok granted 15-day extension to reach deal with US buyers
Earlier US President Donald Trump issued an executive order banning transactions with TikTok and ByteDance after 45 days, citing national security concerns
Egypt mourns peacekeepers killed in helicopter crash
Seven peacekeepers were killed; five US citizens, one French, and one Czech. One US MFO Member survived and was medically evacuated
Sharm El-Sheikh, Hurghada receive 430,000 visitors since tourism resumption
60% of hotels in Egypt have received health, safety certificate to reopen: Al-Anani
Grand Egyptian Museum to be ready next June, but opening ceremony in H2 of 2021: Al-Anani
His remarks came on Thursday, during his speech at the week-long virtual "Egypt’s Green Economy" programme, organised by the British Egyptian Business Association (BEBA) and the Egyptian-British Chamber of Commerce…
US Navy Under Secretary reaffirms US-Egypt military partnership
Slavonic expressed US support for Egypt’s efforts to monitor and secure its extensive coastline and combat smuggling, trafficking, and piracy.
Egypt condemns shooting attack at Saudi Embassy in Netherlands
In a statement on Thursday, the Egyptian Foreign Ministry expressed its concerns and condemnation over the attack, adding that it is following up on the circumstances behind this “coward attack.”
