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World Bank: Global Poverty Goals at Risk, 500 Mln People Live in Fragile Situations
Egypt >> 3/1/2020 - By 2030 about two-thirds of global extreme poor will be living in fragile and conflict-affected situations, making global poverty goals hard to be met, according to a recent report released by the Wor...
Egyptian Exchange Falls 3.6% Amid Fears of Coronavirus Spread
Egypt >> 3/1/2020 - Egypt’s blue-chip stock index fell 3.6% on opening amid fears of a global financial decline following the spread of the coronavirus.

The biggest index movers were Commercial International B...
Egypt Rejects Ethiopia's Statement on GERD Talks in Washington
Egypt >> 3/2/2020 - The Ministries of Foreign Affairs and Water Resources vehemently rejected an Ethiopian request to be given more time to be ready for signing a final deal on the Grand Ethiopian Renaissance Dam (GERD)...
Egypt's Non-Oil Business Activity Contracts in February: PMI
Egypt >> 3/3/2020 - Activity in Egypt’s non-oil private sector remained in contraction during the month of February, a survey showed as output fell for the seventh consecutive month, albeit at a slower rate.

IH...
G7 to Make No Direct Calls For Fiscal, Monetary Support in Coronavirus Statement
Egypt >> 3/3/2020 - Group of Seven nations will voice their determination to fight the economic hit of the coronavirus but stop short of directly calling for new government spending or coordinated central bank interest r...
Emaar Misr Development Revenues Fell 14% in 2019
Egypt >> 3/3/2020 - Emaar Misr for Development (EMFD) revenues saw a fall by 14 percent Y-o-Y, recording EGP 5.4 7billion in 2019.

According to the company's auditor financial statement, revenues declines due ...
Sprott, La Mancha and Kinross Express Interest in Egypt Gold Mining
Egypt >> 3/4/2020 - US mining company Sprott and mining group La Mancha intend to bid on Egypt's international gold mining tender this month, while Canada's Kinross Gold plans to make large investments in the country's m...
CBE Official: Big International Bank to Obtain License to Work in Egypt
Egypt >> 3/6/2020 - Deputy Governor of the Central Bank of Egypt (CBE) Gamal Negm said that a big international bank has contacted the CBE to obtain a license to enable it to work in Egypt.

In press statements...
Mulla Discusses With Major Int'l Firms Investment Opportunities in Mining Sector
Egypt >> 3/6/2020 - Petroleum Minister Tareq el Mulla had talks with several heads of major global mining companies on investment opportunities in Egypt in the mining sector.
This came on the sidelines of the...
Egypt’s EGX Suspends Trades on 25 Companies Amid New Confirmed Coronavirus Cases
Egypt >> 3/8/2020 - The Egyptian Stock Exchange (EGX) started the week with a significant drop witnessed in trading session.

The decline came on the back of the announcement of 33 new confirmed Coronavirus cas...
Mashat: Egypt Keen Enhancing Ties With Int'l Organizations & Financial Institutions
Egypt >> 3/9/2020 - International Cooperation Minister Rania Al-Mashat said Egypt is keen on boosting ties with its development partners like the international organizations and financial institutions to exchange experti...
Dollar Price Records Rise Amid Disturbance In International Markets
Egypt >> 3/10/2020 - Dollar exchange rate recorded a rise of 5 piasters at the morning transactions of the Egyptian banks , influenced by disturbances in international markets over the fears of spread of coronavirus and f...
Egypt's Economy Recovered, Ready to Absorb Likely Global Shocks
Egypt >> 3/10/2020 - Egypt's Minister of Finance Mohamed Maait said that the Egyptian economy has recovered, is able to deal with global economic variables, and is ready to absorb likely external shocks.

The mi...
Egypt’s Annual Inflation Declines to 5.3% In February, down from 7.2% in January
Egypt >> 3/10/2020 - Egypt’s annual urban inflation recorded 5.3 percent in February, down from 7.2 percent in January, with monthly inflation recording 0 percent, the Central Agency for Public Mobilisation and Statistics...
Algeria Suspends Economic, Cultural, Political Gatherings over Coronavirus
Algeria >> 3/11/2020 - Algeria has suspended economic, cultural and political gatherings to slow the spread of the coronavirus, Health Minister Abderrahmane Benbouzid said .

The sports ministry earlier announced ...
Egypt Targets Economic Growth Rate of 5.8%, GDP Growth of 12.5%: Planning Minister
Egypt >> 3/11/2020 - Egypt’s Minister of Planning and Economic Development Hala El-Said said targets of Egypt’s development plan for fiscal year (FY) 2020/2021 include attaining high, sustainable economic growth of 5.8 pe...
Council of Arab Business Women Chooses Egypt’s Rania El-Mashat As 2020 Person of the Year
Egypt >> 3/11/2020 - The Council of Arab Business Women has chosen Egypt’s Minister of International Cooperation Rania El-Mashat as its person of the year 2020.

In a statement released Wednesday, the council sa...
Egypt’s Annual Inflation Rates Expected to Range between 5-7% In FY2019/2020, 6-8% Over Long Run
Egypt >> 3/11/2020 - Egypt’s annual inflation rates will range between six and eight percent in the long run, while between five and seven percent in the short term, assuming no major changes in terms of supply shocks ove...
Egypt Introduces New Incentives to Boost Economy Amid Coronavirus Crisis
Egypt >> 3/17/2020 - Egypt’s cabinet has said it will lower natural gas prices for industry and provide EGP 1 billion for exporters as part of a package of measures aimed at supporting the industrial sector and the econom...
Egypt Suspends Trading in 40 Shares After They Fall More Than 5%
Egypt >> 3/17/2020 - Egypt’s stock exchange suspended trading in 40 shares for 10 minutes after they fell more than 5%.

Among the stocks to see sharp falls were Ezz Steel which was down 8.4% and Madinet Nasr fo...

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