CBE, EGX announces Thursday as official holiday

CAIRO – 4 October 2021: Egypt’s banks and bourse will be off on Thursday, October 7, on the occasion of the anniversary of the 6th of October War victory, according to the Egyptian Exchange (EGX) and the Central Bank of Egypt (CBE).

Fridays and Saturdays are official weekly holidays for EGX and CBE. Trading will be resumed on Sunday, October 10.

Israel captured the Sinai Peninsula, Gaza Strip, West Bank, Old City of Jerusalem, and the Golan Heights in the Six-Day War that began on June 5, 1967.

On October 6, 1973 at 2:00 p.m. (Cairo time) the Egyptian Armed Forces launched its war against the Israeli troops bringing down Bar Lev Line (a series of fortifications).

As a result, the Israeli troops were forced to retreat 15 kilometers eastern the Suez Canal; meanwhile, Syrian troops waged the war near Golan Heights against the Israeli troops.

The war that lasted for almost two weeks paved the way for negotiations that gave rise to the Peace Treaty between Israel and Egypt in 1979, and the liberation of entire Sinai, except for Taba which was recovered by Egypt through international arbitration in 1989.