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Economy
- Service : English
- Category : Economy
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Brent crude could plunge to ‘single-digit lows’: Fitch warns
Date: 2020-04-06 12:22:23 GMT - USA - Economy - SN:7 - ID:8384836
Brent crude futures could plunge to “single-digit lows” if major oil producers fail to reach a deal to cut output at a time when demand has collapsed due to the coronavirus pandemic, Fitch Solutions said in Friday report published by CNBC on ....
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State civil servants to receive monthly salaries as of April 19
Date: 2020-04-06 10:48:23 GMT - Egypt - Economy - SN:6 - ID:8384621
Finance Minister Mohamed Maait said civil servants at all state administrative bodies will get their monthly salaries as of Sunday, April 19, instead of Thursday, April 24. He stressed that specific payment dates have been set for the ministries, ....
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Egypt bourse gains EGP 2.4 billion, all indexes up
Date: 2020-04-02 15:34:59 GMT - Egypt - Economy - SN:1 - ID:8380131
The Egyptian Exchange (EGX) indexes continued collective gains on Thursday prompted by purchases by institutions and investment funds. The market capital gained 2.4 billion pounds to hit EGP 528.4 billion, amid transactions that hit EGP 1.9 ....
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EGX indexes show mixed performance, benchmark down 1.54 pct
Date: 2020-03-29 14:20:41 GMT - Egypt - Economy - SN:9 - ID:8374522
The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday's trading, amid selling operations by Arab and foreign institutions and investment funds. The market capital lost about EGP 2 billion, registering EGP 537.9 ....
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CBE to pay ATM fees for pensioners for 6 months
Date: 2020-03-29 11:34:51 GMT - Egypt - Economy - SN:4 - ID:8374258
The Central Bank of Egypt (CBE) will bear ATM cash withdrawal fees for pensioners on behalf of the Social Solidarity Ministry for six months as part of efforts to contain the repercussions of coronavirus outbreak. A reliable source told MENA that ....
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Egypt bourse okays e-voting amid coronavirus fears
Date: 2020-03-29 09:55:01 GMT - Egypt - Economy - SN:1 - ID:8374061
The Egyptian Exchange announced on Sunday the activation of an e-voting system for companies registered in the bourse in compliance with Prime Minister Moustafa Madbouli's decision to ban all activities involving large gathering. In a statement, ....
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CBE shuts 5 brokerage companies over violations
Date: 2020-03-26 15:33:57 GMT - Egypt - Economy - SN:7 - ID:8371029
The Central Bank of Egypt (CBE) closed five brokerage companies for one year over violating the banking system rules, said an official source with the bank. The five closed companies' licenses have not been revoked, the source added. ....
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Banque Misr head: Bank's proceeds from fixed-rate certificates hit EGP 7.6 bn in four days
Date: 2020-03-26 10:47:19 GMT - Egypt - Economy - SN:3 - ID:8370447
Banque Misr Board Chairman Mohamed el Etribi said the bank's proceeds from certificates of deposit with a 15 percent fixed rate hit EGP 7.6 billion in four day. In statements to MENA on Thursday, Etribi said these certificates will be available ....
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Egyptian banks to postpone loan payments for 6 months over coronavirus
Date: 2020-03-22 14:09:19 GMT - Egypt - Economy - SN:6 - ID:8365014
The Central Bank of Egypt gave on Sunday directives to all banks across the nation to postpone credit dues for individual debts, including real-estate loans, for six months. No fines will be levied in case of late payment, the bank ....
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Egypt's bourse gains 18.4 billion pounds
Date: 2020-03-22 10:20:47 GMT - Egypt - Economy - SN:1 - ID:8364608
All indices of Egypt Stock Exchange jumped in the first minutes of morning trading on Sunday with the main index upping by 6.38 percent. The increase is prompted by the stimulus procedures the government has adopted and to the initiative that the ....
