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
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
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
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
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
Ragaei Atteya elected head of Lawyers Syndicate
"I will submit plans for medical treatment, disability, and orphans, as they the most important files,” says Atteya
Recent storm has caused EGP 800m losses: Madbouly
Under the directives of President Abdel Fattah Al-Sisi, the government started to repair all damages caused by the recent storm in the country and carrying out solutions to enhance drainage…
Pope Tawadros II holds weekly Wednesday sermon without live audience
Church halts all education services and theology schools but keeps daily Mass
Easyjet to repatriate British travellers despite Egypt’s air travel suspension over coronavirus
We're very aware how frustrating British citizens situation, says UK ambassador
