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Economy
- Service : English
- Category : Economy
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Anti-monopoly body probes legality of Telecom Egypt’s bid for acquisition of Vodafone
Date: 2020-02-13 00:13:10 GMT - Egypt - Economy - SN:5 - ID:8309774
The Egyptian Competition Authority said Wednesday it was probing the legality of using of the right of preemption by Telecom Egypt to fully acquire its peer and competitor Vodafone Egypt. The anti-monopoly body said it had received a formal ....
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CBE: Foreign currency reserves up by dlrs 37mn in January
Date: 2020-02-06 23:07:18 GMT - Egypt - Economy - SN:6 - ID:8301312
Foreign currency reserves jumped by about dlrs 37 million in January to reach dlrs 45.456 billion, the Central Bank of Egypt (CBE) said in a statement on Thursday. In December, the country's foreign reserves registered dlrs 45.419 billion, the ....
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Egypt, Taiwan seek enhancing industrial cooperation
Date: 2020-02-05 14:44:05 GMT - Egypt - Economy - SN:4 - ID:8299448
Chairman of the Arab Organization for Industrialization Abdel Monem El Tarras on Wednesday held talks with a delegation of the Taiwanese Tatung international company on means of boosting joint cooperation in the computer manufacturing field. The ....
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TE to assign investment bank to examine its Vodafone Egypt stake
Date: 2020-02-05 14:15:43 GMT - Egypt - Economy - SN:1 - ID:8299373
Telecom Egypt (TE) will assign an investment bank to study all options and available investment opportunities as regards its 45-percent share in Vodafone Egypt. The move comes following Saudi Telecom Company (STC) bid to acquire the 55-percent ....
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Egypt, Brazil seek promoting trade, economic cooperation
Date: 2020-01-30 23:37:19 GMT - Egypt - Economy - SN:4 - ID:8291948
Assistant Foreign Minister for US Affairs Mahi Hassan Abdel Latif discussed on Thursday with a delegation of the Arab-Brazilian Chamber of Commerce ways of promoting bilateral cooperation. Talks tackled enhancing trade and economic cooperation ....
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Bourse gains EGP 8.3bn, all indexes up
Date: 2020-01-29 23:51:39 GMT - Egypt - Economy - SN:2 - ID:8290544
Vodafone deal of selling its 55% stake in its Egyptian unit to Saudi Arabia’s largest telecom operator STC drove the bourse indexes to post collective gains on Wednesday. The market capital gained EGP 8.3 billion, registering EGP 699.8 billion, ....
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CBE: Egypt's domestic liquidity rises to EGP 4.053 trillion by end of November
Date: 2020-01-27 00:10:30 GMT - Egypt - Economy - SN:2 - ID:8285895
The Central Bank of Egypt (CBE) said in a report on Sunday that Egypt's domestic liquidity increased by EGP 189.5 billion to register EGP 4.053 trillion at an increase rate of 4.9% in July-November of the 2019/2020 fiscal year (FY). The report ....
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Cabinet denies importing amounts of natural gas
Date: 2020-01-25 00:50:58 GMT - Egypt - Economy - SN:7 - ID:8283532
The Cabinet on Friday dismissed reports circulated on social media claiming that Egypt has imported natural gas to meet domestic shortage. The Cabinet media center said it contacted the Ministry of Petroleum and Mineral Resources which denied ....
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Egypt banking system outlook is stable on robust growth, high liquidity: Moody's
Date: 2020-01-23 23:51:10 GMT - USA - Economy - SN:1 - ID:8282422
The outlook for Egypt's banking system is stable over the next 12-18 months as the banks maintain high liquidity amid an expanding economy that will help them generate more loans and business, Moody's Investors Service posted on its website. "The ....
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CBE denies reports on counterfeit banknotes traded at markets
Date: 2020-01-17 00:12:57 GMT - Egypt - Economy - SN:4 - ID:8273034
The Central Bank of Egypt denied reports circulated on social media on the presence counterfeit paper banknotes from the category of 200 EGP traded in the markets, asserting that there is continued coordination with the Ministry of Interior and ....
