North Africa MENA Edition
Latest News
Over 5mln beneficiaries for loan installments postponement: Central Bank of Egypt
The CBE has already issued an initiative to postpone all repayments without delay fines or fees
Expectations of EGP depreciation against US dollar groundless: Expert
Egyptian pound will remain stable against the US dollar over the next three months
CBE starts EGX investment, raises hope of rebound
Since the beginning of the year, Egyptians represented 64.6% of the value traded in listed stocks after excluding deals
Startup in Egypt offers free grocery delivery services for 3 months
The initiative includes grocery stores, pharmacies, supermarkets, and even pet food stores
Morocco to spend $200mln to brace health system for coronavirus
It will spend the money on 1,000 more intensive care beds, 550 ventilators and 100,000 testing kits, as well as medicine and other equipment
Egypt calls for African debt relief by G20 countries
El-Sisi highlighted the need to support terrorism-combating efforts in Africa, as countries direct their efforts to face the COVID-19 pandemic.
Egypt reduces GDP growth target for FY 2019-2020 to 5.1% - minister
The North African country also is targeting growth of 4.5% in FY 2020-21 but it could dip to 3.5% if the crisis lasts until mid-year
Egypt executes over 127,600 social housing units
6,100 additional units are currently under construction
Egypt earmarks funds for Solidarity ministry
This provision will be used to pay required compensations for the citizens whose houses were damaged
Cairo Metro unveils new operation times for March 25th
Egyptian Company for Metro Management and Operation has adjusted the departure and arrival times of the three lines for March 25th in order not to intercept with the imposed curfew
Insights
Obit: Mubarak's downfall taught Egypt's Sisi key lessons
For all his later failings, Mubarak deserves some credit for keeping the Middle East’s most populous nation in one piece after the 1981 assassination of statesman Anwar Sadat