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Egyptian banks, bourse to take 5-day Eid holiday

Egyptian banks, bourse to take 5-day Eid holiday
Banks will be reopened on 31 May

Cairo – Mubasher: The Central Bank of Egypt (CBE) announced that all banks will be closed from Sunday, 24 May, to Thursday, 28 May, on the occasion of Eid El-Fitr.

Banks will be reopened on Sunday, 31 May, the CBE said in a statement late on Tuesday.

Additionally, the Egyptian Exchange (EGX) will also take the whole week off and trading will be resumed on 31 May, according to a bourse statement.

The announcement came as the Ministry of Health confirmed the detection of a new record of 720 new coronavirus cases, bringing the total to 13,484. The death toll reached 659, while the total number of recoveries amounted to 3,742.

Earlier, the Egyptian prime minister Mostafa Madbouly announced that the nighttime curfew during Eid El-Fitr will begin from 5 p.m.