Economy

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  • Category : Economy
  • Finance Ministry targets reducing budget deficit to 7% in 2019/2020

    Date: 2018-11-14 22:52:23 GMT - Egypt - Economy - SN:21 - ID:7670602

    The 2019-2020 draft state budget targets bringing down the total deficit to 7% out of the gross domestic product (GDP), compared with 8.4% in the current fiscal year. The draft budget targets that the GDP would reach about EGP 6.2 trillion with ....

  • Finance Ministry issues draft 2019/2020 state budget

    Date: 2018-11-14 19:47:02 GMT - Egypt - Economy - SN:14 - ID:7670527

    The Ministry of Finance Wednesday issued a statement on the fiscal 2019/2020 state budget. The draft budget aims to provide and improve several basic services, mainly health, education, low-income and youth social housing, public transportation, ....

  • Dollar prices stable at major banks in Egypt

    Date: 2018-11-14 10:29:01 GMT - Egypt - Economy - SN:6 - ID:7669424

    The exchange rate of the US dollar was relatively stable during morning transactions on Wednesday at major banks. The dollar exchange rate settled at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt. At Banque Misr, ....

  • All EGX indexes down, benchmark slides 0.98 pct

    Date: 2018-11-13 16:17:11 GMT - Egypt - Economy - SN:16 - ID:7668520

    The Egyptian Exchange (EGX) indexes went down collectively at the close of Tuesday's trading amid sales by Arab and foreign institutions and investment funds. Meanwhile, purchases prevailed in transactions of local investors. The market ....

  • Ministries of irrigation, agriculture, military production cooperate over modern irrigation techniques

    Date: 2018-11-12 14:15:53 GMT - Egypt - Economy - SN:2 - ID:7666559

    Egypt's ministers of irrigation, agriculture and military production met on Monday for talks on expanding the use of modern irrigation techniques in agriculture. Talks tackled enhancing cooperation between the three ministries in manufacturing ....

  • EU amb.: Tariff on cars imported from EU to reach 0% starting from Jan. 1, 2019

    Date: 2018-11-08 18:59:10 GMT - Egypt - Economy - SN:4 - ID:7661188

    Head of the European Union Delegation to Egypt Ambassador Ivan Surkos said that Egypt will cut the tariff on cars imported from the EU to reach zero percent starting from January 1, 2019 in accordance with an approved schedule of Egypt-EU ....

  • Bourse gains EGP 7.3 b, index up 1.34 percent

    Date: 2018-11-07 15:52:53 GMT - Egypt - Economy - SN:5 - ID:7659351

    The Egyptian Exchange indexes posted collective gains at the close of Wednesday's trading, backed by activity in the investment, housing and real estate stocks. The market capital gained EGP 7.3 billion to reach EGP 773.36 billion amid ....

  • CIIE offers Egypt great chance to export dates, food products to China - official

    Date: 2018-11-06 10:07:50 GMT - China - Economy - SN:8 - ID:7657007

    Top official at the Egyptian Export Development Authority said the First China International Import Expo (CIIE) in Shanghai offers a great chance for Egypt to export citrus crops, dates and other food products to China. About 24 Egyptian ....

  • Saudi Embassy: Economic ties with Egypt in steady progress

    Date: 2018-11-01 22:42:21 GMT - Egypt - Economy - SN:8 - ID:7650598

    Economic relations between Egypt and Saudi Arabia have been witnessing a steady progress over the past years, the Saudi Embassy in Cairo said. As evidence of that, the activities of the Egyptian-Saudi trade mission hosted by Riyadh on October 28 ....

  • NBE increases funding for cotton ginning companies

    Date: 2018-10-28 19:21:01 GMT - Egypt - Economy - SN:4 - ID:7643401

    The National Bank of Egypt (NBE) has allocated EGP 2 billion to fund cotton ginning companies in 2018/19 with an increase of 1.3 billion compared to the past year. Eighteen public and private companies are going to benefit from the bank's funding ....

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