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The World Bank announced that it activated on March 20 the Contingency Emergency Response Component (CERC) under the “Transforming Egypt’s Healthcare System Project” and offered Egypt $7.9 million to fund emergency response activities related to the COVID

World Bank offers Egypt $7.9m to fund its measures against COVID-19

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 21 billion in treasury bills on Thursday, April 2.

Egypt's central bank issues LE 21B in T-bills Thursday

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided Thursday, April 2, to keep overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 9.25 percent, 10.25 percent, and 9.75 percent, respec

Egypt's central bank keeps interest rates unchanged

"Egypt targets to increase investments in health sector during fiscal year 2020/2021 by 69 percent, reaching LE 15.3 billion," Minister of Planning and Economic Development Hala el-Saeed said Wednesday.

Egypt increases investments in health sector by 69% in 20/21

The National Bank of Egypt (NBE) and Banque Misr announced that the 15 percent-yield saving certificates posted proceeds of over LE 43.4 billion since offering them earlier last week.

15%-yield saving certificates posted gains of EGP 43.4 bln since March 22: NBE, Banque Misr

Egypt's domestic liquidity rose during February 2020, to record LE 4.187 trillion, compared to 4.14 trillion pounds in January 2020, the Central Bank of Egypt (CBE) revealed.

Egypt’s domestic liquidity increases to LE 4.187B in February

Foreigners recorded outflows of $500 million (LE 7 billion) from the Egyptian Stock Exchange (EGX) during the last period, Governor of the central Bank of Egypt (CBE) Tarek Amer said Sunday.

Foreigners recorded outflows of $500 million from (EGX) : Egypt's CBE governor

Minister of Industry and Trade Nevine Gamea stated that debt installments of small businesses will be postponed for three months, and that if needed, the duration will be prolonged.

Debt installments of small businesses in Egypt to be postponed for 3 months

"Egypt’s external debt has already increased by about $50 billion, but the state has spent $350 billion on various projects during the past four years," Governor of the Central Bank of Egypt (CBE) Tarek Amer.

Egypt’s external debt rises by $50B, with $350B spent on projects: CBE governor

Egypt’s balance of Payment (BOP) recorded a surplus of $410.9 million in the first half of fiscal year 2019/2020, compared to a deficit of $1.8 billion in the same period a year earlier, according to the Central Bank of Egypt (CBE).

Egypt's balance of payment records surplus of $410.9M in H1 of 2019/20

Egypt’s draft budget of 2020/2021 fiscal year is the biggest in the country’s history with expenses of 1.71 trillion and revenues of LE 1.3 trillion, according to Minister of Finance Mohamed Ma’it.

Egypt's 20/21 budget biggest in history with LE1.71T expenses: Finance Min

The Egyptian Exchange announced on Sunday the activation of e-voting system for companies registered in the bourse in compliance with Prime Minister Moustafa Madbouli's decision to ban all activities involving large gathering.

Egypt's bourse okays e-voting amid coronavirus fears

The Central Bank of Egypt (CBE) will bear ATM cash withdrawal fees for pensioners on behalf of the Social Solidarity Ministry for six months as part of efforts to contain the repercussions of coronavirus outbreak.

Egypt's CBE to pay ATM fees for pensioners for 6 months

"Ministry of Communications and Information Technology pumped about LE 30 billion to expand the international internet corridors coming to Egypt at the end of 2019

Egypt pumps LE 30B to expand int’l internet corridors entering its borders

The Egyptian Exchange (EGX) ended Wednesday’s session in green, adding LE 6.62 billion to market capitalization, amid Egyptian and Arab purchases.

EGX ends Wednesday in green, market cap. gains LE 6.6B

The Egyptian Exchange (EGX) continued its uptrend for the third session, adding LE 16.47 billion of market capitalization, amid Egyptian purchases.

EGX flags in green for 3rd session in row, adds EGP 16.5B to market cap.

The Federation of the Egyptian Chambers of Commerce launched an initiative to close all shops that operate in fields other than food and strategic commodities for two weeks in support of the state's precautionary measures against the coronavirus.

FEDCOC launches initiative for shutting down shops in face of COVID-19

A well-placed banking source said Egyptian banks have reduced interest rate of dollar-dominated savings by 1 percent.

Egyptian banks reduce interest rate of dollar-dominated savings by 1%

The Central Bank of Egypt (CBE) decided Tuesday to grant tourism facilities two-year loans, in addition to a grace period of 6 months, to pay the salaries of employees and their obligations towards suppliers and maintenance work.

Egypt's Central Bank grants tourism facilities 2-year-loans to pay salaries

The Central Bank of Egypt (CBE) said that Egypt’s annual core inflation rate decreased to 1.9 percent in February 2020, down from 2.7 percent in January 2020, according to a report.

Egypt’s annual core inflation decreases to 1.9% in February: CBE

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