Daily Archives: April 3, 2020

Press briefing note on Egypt, 3 April 2020

While the situation is not in any way comparable with Syria, we are nevertheless also very concerned about the overcrowded prisons in Egypt and the risk of the rapid spread of the COVID-19 virus among the country’s more than 114,000

PM following up work of factories, transfer of goods to secure citizens’ needs

Prime Minister Mostafa Madbouli said on Thursday 02/04/2020 he is periodically following up the work of factories and transfer of goods to make sure that the cycle of production is going on to cover citizens’ needs. Madbouli made the remarks

Minister: Sisi instructs increasing monthly allowance of medical interns from LE 400 to 2,200

Finance Minister Mohamed Maait said on Thursday 02/04/2020 that President Abdel Fattah El Sisi directed increasing monthly allowance of medical interns at university hospitals from EGP 400 to 2,200. The decision will be applicable on the 2019 graduates of the

Egypt bourse gains EGP 2.4 billion, all indexes up

The Egyptian Exchange (EGX) indexes continued collective gains on Thursday 02/04/2020 prompted by purchases by institutions and investment funds. The market capital gained 2.4 billion pounds to hit EGP 528.4 billion, amid transactions that hit EGP 1.9 billion. The EGX

FEDCOC coordinating with trade, supply ministries over goods availability

The Federation of Egyptian Chambers of Commerce (FEDCOC) is coordinating with the ministries of trade and industry and supply and internal trade to guarantee the availability of goods in markets and the movement of trucks during curfew hours. In a

Military Production Ministry, SCZone to form joint committee to beef up cooperation

The Ministry of Military Production and the Suez Canal Economic Zone (SCZone) agreed on Friday 03/04/2020 to form a joint committee – comprising officials from both sides – that will convene shortly to outline a strategy for cooperation, as well