Egypt reported on Monday 420 new coronavirus cases, taking the toll to 92,482 since the outbreak began in February, according to a health ministry statement.
The North African country also registered 46 new deaths that took the tally of virus (...)
Egypt's Qalaa Holdings, a leader in energy and infrastructure, has recorded a 191 percent year-on-year increase in first-quarter revenues to 10.4 billion Egyptian pounds ($650.1 million), according to its consolidated financial results released on (...)
The International Monetary Fund will disburse its $5.2 billion standby loan to Egypt in tranches in 2021, said a top IMF official said on Wednesday.
During a web press conference held by the IMF with a number of journalists in the Middle East (...)
Egypt registered 1,536 new confirmed coronavirus cases and 46 on Sunday, marking another record of daily increases on both counts.
That brought the total number of fatalities to 959 and confirmed cases to 24,985, according to a health ministry (...)
Egypt has posted on Wednesday its biggest daily jump in the number of new coronavirus cases of 910, taking the toll to 19,666, according to a health ministry statement.
The country also reported 19 new deaths that took the tally of virus fatalities (...)
Egypt reported 720 new cases of coronavirus on Tuesday, marking the biggest daily rise in infections, bring its total tally to 13,484.
The North African country also reported 14 new fatalities on Tuesday, taking its total to 659 deaths from the (...)
U.S. President Donald Trump, in a surprise announcement, said on Monday he is taking hydroxychloroquine as a preventive medicine against the coronavirus despite medical warnings about the use of the malaria drug.
"I'm taking hydroxychloroquine," (...)
UK company Primer Design Ltd, a subsidiary of Novacyt SA has exported over 40,000 PCR test kits to Egypt to support its response to the coronavirus pandemic.
The UK and Egyptian government have been working hard to address the immediate medical (...)
Egypt reported on Monday 535 new coronavirus cases on Monday – the country's biggest single-day spike in confirmed infections, taking the toll to 12,764, according to a health ministry statement.
The country also saw 15 deaths, bringing the total (...)
A bond issued by Egypt's New Urban Communities Authority (NUCA), part of the Ministry of Housing, has won The Banker's "Deal of the Year 2020 – Africa" award in the securitisation category.
The Banker is a sister publication of the Financial (...)
Egypt declared on Thursday 398 new coronavirus cases, taking the toll to 10,829, according to a health ministry statement.
The country also reported 15 new deaths that took the tally of virus fatalities to 571. However, the total number of (...)
The European Bank for Reconstruction and Development (EBRD) has cut its 2020 economic growth forecast for Egypt's GDP to 0.5 percent from 5.6 percent in 2019 due to the coronavirus crisis, but expects a rebound next year.
Egypt's economy will slow (...)
Researchers at New England Journal of Medicine said in a new study published on Thursday that coronavirus patients who took hydroxychloroquine did not appear to fare any better than those who did not take the anti-malaria drug.
U.S. President Donald (...)
UAE has on Friday granted a patent for a ‘promising' potential treatment for coronavirus using stem cells, according to a Ministry of Foreign Affairs and International Cooperation's statement.
The potential treatment is developed by a team of (...)
The number of reported coronavirus cases in Russia has risen by 6,198 to 87,147, surpassing China's tally of 82,830 on Monday.
Russia's coronavirus crisis response centre also said the country registered 50 new deaths due to coronavirus in the past (...)
Egypt recorded 248 new coronavirus cases on Monday, its highest in a single day, taking the toll to 4,782.
In a statement, the health ministry said 20 new deaths took the tally of virus fatalities to 337. But 60 more patients recovered, for a total (...)
Egypt's confirmed coronavirus cases increased by 169 to 3,659, a statement by the country's health ministry said on Wednesday.
The reported death toll also rose by 12 to 276, the statement added.
Additional 65 patients – including two foreigners – (...)
Hundreds of demonstrators marched on Monday in Vladikavkaz, the capital of North Ossetia republic in Russia, to protest against lockdown orders and job losses, according to state-run TV channel Alania and Russian agencies.
In videos emerging on (...)
Rating agency S&P Global expects Egypt's real GDP growth to slow to 2.8 percent in the current financial year and 0.1 percent the following year, due largely to the ongoing coronavirus pandemic crisis.
In its report released on Friday, S&P said "the (...)
Rating agency S&P has forecast on Friday Egypt's foreign exchange reserves – including gold – would decline to about $37 billion by the end of current financial year that ends on June 30.
S&P warned that the coronavirus pandemic would cause a sharp (...)
Rating agency S&P anticipated on Friday that Egypt would approach the International Monetary Fund (IMF) for a standby credit facility programme or borrow from its emergency financing to help fight the coronavirus.
The additional funds would help to (...)
As a new report by STAT News showed Gilead's experimental drug Remdesivir as a promising update on the drug's potential to cure coronavirus, analysts told CNBC that it is largely anecdotal and should be interpreted with caution.
Remdesivir was one (...)
U.S. stocks jumped on Friday after a report on a Gilead Sciences drug that showed some effectiveness in treating the coronavirus. This gave investors some hope there could be a treatment solution that helps U.S. economy to reopen faster from the (...)
The global death tally due to the coronavirus pandemic have passed 150,000, data compiled by Johns Hopkins University showed on Friday, just one week after crossing the 100,000 benchmark.
The U.S. leads the world in deaths, reporting at least (...)
Rating agency S&P Global affirmed on Friday its ‘B/B' long- and short-term foreign and local currency sovereign credit ratings on Egypt, with a ‘stable' outlook.
However, S&P warned that the coronavirus pandemic will cause a sharp decline in Egypt's (...)
