Finance Minister Mohamed Muteet said he expected Egypt to take over the second tranche of the $ - billion IMF loan next December.

Goldman Sachs predicted that oil prices would rise to $80 per barrel in the fourth quarter of 2021, arguing that the market did not estimate a recovery in demand until the return of Iranian oil.

Egypt and Germany have agreed on a partnership to implement the first-ever plant in Egypt and the African continent to manufacture "ultra - sophisticated laser and ultrasound sewing machines." The Egyptian presidency said in a statement that the plant will produce machines used in the basic industries of the business sector in all its fields.

After China's digital currency warnings. Bitcoin hotspot to record lows