FX foreign currencies reserves up by $221m in September: CBE
The value of the gold balance included in the detailed data on reserve balances decreased by $159m to about $4.361bn during September 2020, compared to about $4.520bn in August.
Arafa Group subsidiary gains exclusive rights for Ted Baker brand
The deal means that English Bird Group will be able to design, manufacture, distribute, and sell official men's clothing for the global trademarked brand to international markets for a period…
Egypt’s annual inflation rate hits lowest level in 14 years: Planning Minister
El-Said referred to the performance indicators of the Egyptian economy during FY 2019/20, and the extent of vulnerability to the novel coronavirus (COVID-19) pandemic. This was especially in light of…
Video| Osama Heikal speaks to DNE on media policy, information warfare
Minister of State for Information Osama Heikal spoke with DNE on plans to reformulate media policy, information warfare, and regaining Egypt's soft power
EBRD shareholders elect France’s Odile Renaud-Basso as next president
Egypt became EBRD largest market for investment for the second year in a row, with investments reaching €1.2bn in 23 projects, says Rania Al-Mashat
Smart hospital solution introduced for infectious-disease control in Arab region
Solution enables new hospital to be built and operational within 150 days in case of urgent needs for medical facilities
Half of Nagorno-Karabakh’s population reportedly displaced due to clashes
"According to our preliminary estimates, some 50% of Karabakh's population and 90% of women and children — some 70,000 to 75,000 people — have been displaced," Karabakh rights ombudsman Artak…
International Cooperation Minister, World Bank Regional Director extend strategic partnership for economic recovery
The meeting took place prior to the start of the international organisation’s annual meetings of its Board of Governors which is scheduled to start on Thursday.
Egypt keeps fuel prices on hold for 3 months
Fuel prices currently stand at EGP 6.25 per litre of octane 80 petrol, octane 92 petrol stands at EGP 7.5 per litre and at EGP 8.50 per litre of octane…
FRA directs insurers to set up reserve against EAS 47 application risks
The reserve shall be 1% of a company’s total assets and allocated from the net profit after withholding tax for the previous fiscal year ending 30 June 2020.