Egypt Gold cuts production due to COVID-19
We are proceeding with going public but timing relies on market recovery, says Nassar
CBE issues new controls on loan instalment postponement
In March, the CBE issued regulations due to the coronavirus oubtreak allowing borrowers to defer paying instalments on bank loans for a period of six months.
Egypt, Italy launch applied technology schools project expansion
Thursday’s agreement, worth EGP 40.8m, seeks to increase outreach of project developing applied technology schools
Trade Ministry to settle EGP 1.5bn in arrears to 1,177 companies
In a seminar run by the Engineering Export Council of Egypt, entitled “Crisis Management, Challenges and Opportunities”, Gamea said the ministry is looking to ensure continuity of production and export…
Egypt, Italy sign EGP 42m social welfare project agreement
During the agreement signing, Minister of International Cooperation Rania Al-Mashat emphasised the strong strategic economic relations between Egypt and Italy.
January, February remittances increase by $1.3bn
The rise in remittances from workers abroad shows an increase rate of 33.6%, bringing the total amount of remittances in the first two months of the year to about $5.2bn.…
Government investments increase by EGP 10bn: Finance Minister
In a statement, Thursday, Maait said that in implementing the directives, an additional EGP 2bn will also be made available between now and June, to pay delayed dues to exporters
Telecom Egypt provides quarantine hospitals with free ADSL
The move is part of a series of initiatives by Telecom Egypt to support the health system and the efforts healthcare professionals are making in tackling the ongoing coronavirus (COVID-19)…
President Al-Sisi praises citizen solidarity with government during COVID-19 outbreak
In posts on the president’s official Twitter account, Al-Sisi said that Egypt is reaching the conclusive stage in the fight against the ongoing outbreak.
Full closure of public spaces, no public transport during Sham El-Nesim
Cabinet approves amendments to Income Tax Law increasing exemption limits to ease tax burden on workers