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Winners, losers of sport suspension, delay of Tokyo Olympics
Disbursement begins in April, priority given to micro- and small companies to mitigate effects of COVID-19
Amro Abouesh, Chairperson and CEO of Tanmeyah, said the company is offering a package of facilities to its regular payment customers. He added that those who are late in paying the March installment can also make use of the package.
The latest figures mean that almost 205,560 jobs and $2.4bn in contributions to the Egyptian economy are now at risk.
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 subjects.
Supreme Council of University Hospitals already given EGP 100m for increase, says finance minister
Expected daily coronavirus infections to average between 60-80 in coming week
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
Announcement came during phone call with US Treasury Secretary Steven Mnuchin
The new application also enables users to stay up-to-date with new EGX offerings, and receive notifications.
The continued freeze follows on from the MPC’s slashing of policy rates by 300bps at an emergency meeting on 16 March.
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 patient numbers and relieve pressures on the country’s medical resources, saving more lives.
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 some commodities such as crude oil by 102.6%, fertiliser by 7.3%, and various food preparations by 18.1%, among other items.
The donations have been collected by banks, El-Etreby said in television statements on Wednesday, adding that employees can also make separate donations if they wish to. He noted that the Ministry of Social Solidarity is responsible for disbursing the funds as it sees fit.
Embassy staff to continue duties, intensify efforts until stranded Sudanese are repatriated: Sudanese foreign ministry
Regardless of how individuals and organisations are perceiving the measures taken nationally or globally in reaction to the virus spread – exaggerated, spot on or too mild – still the economic & social bill so far is humungous and still counting.
YouTube has confirmed three new live-stream performances that cover a range of musical genres to take place via the website
Aviation, tourism investments lose $8bn, $12.96bn respectively in Q1 2020
However, the Ministry of Electricity has rejected requests to postpone the payment of monthly utility bills.
Kingdom reports 110 new coronavirus cases on Tuesday, bringing total to 1,563
20.11% decrease in total market capitalisation to EGP 532.9bn in March
Talaat added that Internet speeds are currently slow due to the excessive loads on local and international networks as people spend more time at home.
The FRA said that the value of mortgage refinancing decreased to EGP 14m in January 2020, compared to EGP 101m in the same period last year. This marks an 86% decline.
The CBE said this step comes in light of global developments and the consequent movement to preserve the Egyptian economy’s gains since the launch of the national economic reform programme. It is also to preserve the proactive steps the CBE takes in exceptional circumstances.
In exclusive statements to Daily News Egypt, El-Wakeel said that work on the project is currently proceeding remotely and through video conferencing.
Development uses fast-growing tobacco plant technology, pre-clinical testing underway