Central Bank: $17 billion of foreign capital withdrawn from Egypt

Rami Aboul Naga, Deputy Governor of the Central Bank, revealed that some $17 billion of foreign capital has been withdrawn from Egypt due to the corona crisis....

Egypt receives new IMF loan

The Central Bank of Egypt announced that Egypt had received the $2.77 billion loan that the International Monetary Fund agreed to grant to Egypt through the rapid financing tool, to...

Egypt’s Medical Syndicate criticises official coronavirus test protocol

The Egyptian Medical Syndicate called on both the President and the Minister of Health to change instructions issued by the infection control administration of the Ministry of Health regarding dealing...

WHO: Egypt should perform more coronavirus tests

The World Health Organisation has called on Egypt for the second time to increase the number of coronavirus tests and have a unified methodology for doing so....

Bloomberg: Egypt seeks to borrow $9 billion

Bloomberg has reported that Egypt is seeking more than $5 billion from the International Monetary Fund under a stand-by arrangement and $4 billion from other institutions. The...

Emergency Law Amendments: More powers handed to al-Sisi

8 Egyptian human rights organizations, in a joint statement, condemned what it described as the Egyptian government's exploitation of the Corona pandemic as a justification for amending...

42 health care workers infected at Al-Azhar University Hospitals

Mahmoud Siddiq, Vice President of Al-Azhar University, said that 42 health-care workers at the Zahra University Hospital had been infected with the Corona virus, and the hospital had been completely...

Chinese workers in the new administrative capital return to Egypt

Cairo International Airport received a special flight coming from China, with 100 Chinese workers on the new administrative capital project, in preparation for the resumption of work...

CBE: $3.1 billion decrease in foreign reserves during April

The Central Bank of Egypt announced that Egypt’s net foreign reserves would fall to $37.037 billion at the end of April, compared to $40.1 billion last month....

Kuwait bears the cost of bringing the stranded Egyptians back to Egypt

"Kuwait exempted all stranded Egyptians from bearing flight fees, as well as staying in quarantine hotels in Egypt," said cabinet spokesman Nader Saad, noting that the past...