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Wednesday, 17 July 2019

CBE announces Monday 7 January a bank holiday

Ahram Online , Sunday 6 Jan 2019
Traders work at the Egyptian stock exchange in Cairo (Reuters)
Views: 634
Views: 634

The Egyptian stock market and banks operating in the country are to close on Monday, 7January, 2019, on the occasion of the Coptic Christmas, a statement issued by the Central Bank of Egypt (CBE) read.

According to the CBE statement, the stock market banks are due to resume work as of Tuesday, 8 January, 2019.

Monday will be a public holiday in Egypt to mark Coptic Orthodox Christmas, state news agency MENA reported last Thursday.

Prime Minister Mostafa Madbouly said 7 January will be a paid holiday for employees of the country’s private and public sectors.

Coptic Orthodox Christians, who make up a substantial majority of all Christians in the country, celebrate Christmas on 7 January, following the Julian calendar.

Christians make up around 10-15 percent of Egypt’s 104 population.

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