WBG expands its financial commitment to combat COVID-19 to $14bn

It’s essential that we shorten the time to recovery, says Malpass 

Hagar Omran

Remittances in Egypt reach $26.8bn in 2019: CBE

The CBE added that remittances in the second half (2H) of 2019 surged by about $1.6bn to $13.7bn, compared to $12.1bn in the corresponding period in 2018.

Hossam Mounir

I coached Pharaohs under impossible conditions; and may return to Egypt one day: Bradley

Egypt’s defeat in Kumasi is the most difficult moment in my football career, says American coach

Alaa Moustafa

Euro 2020, Copa America postponed due to Coronavirus

FIFA supports UEFA and CONMEBOL's decision, intends to reschedule Club World Cup 2021

Daily News Egypt

General budget bears EGP 6bn extra expenses after cutting electricity prices for factories: source

Law allows government to adjust power prices and bear cost difference

Mohamed Farag

EFG Hermes reports EGP 4.8bn revenues, 36% y-o-y net profit increase to EGP 1.4bn in 2019

Revenue growth of 20% y-o-y was supported by strong results at both the Group’s Investment Bank and NBFI platforms

Daily News Egypt

Limited interest rate reductions on banks’ certificates despite CBE  rate cut 

NBE, Banque Misr reduce interests of variable-return certificates only, hold them on two most important savings vessels

Hossam Mounir

Limited positive impact on fiscal maneuverability after rates cut, yet downside risks remain: Beltone

Beltone analysts maintain average inflation expectations of 6.5%, which should keep headline inflation within CBE’s target zone by year-end

Doaa Elboraie

Facebook launches Arabic third-party fact-checking programme in partnership with Fatabyyano in MENA

As the impact of COVID-19 has spread around the world, Facebook’s third-party fact-checking partners have accelerated their efforts in debunking hoaxes across dozens of countries and languages

Daily News Egypt