Egypt's central bank keeps interest rates unchanged

Thu, Apr. 2, 2020

The overnight deposit rate, overnight lending rate, and the rate of the main operation are kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Finance Minitry auctions T-bills worth LE 21 billion

Thu, Apr. 2, 2020

In an online statement, the ministry said it sold 182-day T-bills worth LE 10 billion, with an average yield of 12.996 percent.

Telecom Egypt to decrease WE Ardy 35 bundle subscription fees from LE 35 to 20

Thu, Apr. 2, 2020

Under the offer, the subscribers will enjoy unlimited calls to land line and WE mobile users.

ITIDA: Export support to be given to companies in April instead of June

Thu, Apr. 2, 2020

The move come as part of the Export-IT Rebate program aiming at promoting ICT exports and supporting exporters to increase their competitiveness to penetrate key markets.

EGX ends week in green, market cap. gains LE 2.3B

Thu, Apr. 2, 2020

The benchmark EGX 30 hiked 0.32 percent, or 30.49 points, to close at 9,455.38 points.

Egypt's trade deficit records $2.84 in January

Thu, Apr. 2, 2020

CAPMAS said exports rose 1.4 percent to reach $2.48 billion in January 2020, compared to $2.45 billion during the same month of 2019.

Egyptians to re-charge electricity prepaid meters via Bluetooth

Thu, Apr. 2, 2020

Egyptians will be able to re-charge their pre-paid electricity meters through NFC feature via Bluetooth at any time and from any place as of next week.

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

Thu, Apr. 2, 2020

The T-bills will be offered in two installments; the first installment is valued at LE 10 billion with a 182-day term.