Egypt’s aviation industry loses $1.6bn in revenues
The latest figures mean that almost 205,560 jobs and $2.4bn in contributions to the Egyptian economy are now at risk.
Noon Academy receives $8.5m investment
Noon Academy is a learning platform which includes a mobile application and a website for teaching academic curricula. It provides online classes for elementary, preparatory and secondary levels in all…
Al-Sisi increases doctors’ monthly bonuses to EGP 2200: Moait
Supreme Council of University Hospitals already given EGP 100m for increase, says finance minister
850 coronavirus infections, but still far from third stage: Madbouly
Expected daily coronavirus infections to average between 60-80 in coming week
CBE keeps interest rates on hold amid coronavirus outbreak
CBE said that the COVID-19 outbreak, as well as the associated containment measures, induce a considerable disruption to economic activity and financial markets globally
Hamdouk to travel to Egypt, Ethiopia to urge continued GERD negotiations
Announcement came during phone call with US Treasury Secretary Steven Mnuchin
Mubasher launches online IPO platform in Egypt
The new application also enables users to stay up-to-date with new EGX offerings, and receive notifications.
Policy rates to remain frozen during COVID-19 pandemic: Naeem Research
The continued freeze follows on from the MPC’s slashing of policy rates by 300bps at an emergency meeting on 16 March.
Sir Magdi Yacoub urges Egyptians to stay home
Yacoub said that Egyptians should come together to fight the coronavirus pandemic by following government recommendations to stay at home unless for an emergency. He outlined that this will reduce…
30.3% decrease in January trade balance
Exports increased by 1.4 % to reach $2.48bn in January 2020, compared to $2.45bn for the same month of the previous year. This is due to the decreased value of…
