Economy

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  • Category : Economy
  • New banking bill sets new regulations for forming boards of banks

    New banking bill sets new regulations for forming boards of banks

    Date: 2019-05-21 09:30:41 GMT - Egypt - Economy - SN:7 - ID:7949967

    A new banking bill that will be referred to the parliament shortly sets new regulations for forming boards of banks working in the Egyptian market in order to promote governance in line with international standards, a source from the Central Bank of ....

  • PM: Industrial upgrading tops priority on govt's agenda

    PM: Industrial upgrading tops priority on govt's agenda

    Date: 2019-05-20 19:27:24 GMT - Egypt - Economy - SN:7 - ID:7949492

    Prime Minister Mostafa Madbouli stressed Monday that industrial upgrading is a high priority on the government's agenda. Madbouli's statements came during a meeting of the state's industrial zones coordination council, which was held under the ....

  • New banking bill introduces financial stability committee

    New banking bill introduces financial stability committee

    Date: 2019-05-18 23:22:27 GMT - Egypt - Economy - SN:5 - ID:7946932

    A new bill on Egypt's banking sector introduces a committee on maintaining the state's financial stability that will be chaired by the prime minister, a well-placed source with the Central Bank of Egypt (CBE) said on Saturday. The committee will ....

  • New banking bill to be referred to parl't before end of May: CBE

    New banking bill to be referred to parl't before end of May: CBE

    Date: 2019-05-18 23:10:27 GMT - Egypt - Economy - SN:2 - ID:7946929

    A new bill on Egypt's banking sector is expected to be referred to the House of Representatives before the end of May after being reviewed and approved by the government, a well-placed source with the Central Bank of Egypt (CBE) said. The bill ....

  • IMF team reaches staff-level agreement on 5th review for Egypt's EFF

    IMF team reaches staff-level agreement on 5th review for Egypt's EFF

    Date: 2019-05-17 18:36:23 GMT - Egypt - Economy - SN:5 - ID:7945648

    CAIRO, May 17 (MENA) - An IMF mission has reached a staff-level agreement with the Egyptian authorities for the completion of the fifth and the final review of Extended Fund Facility (EFF). An International Monetary Fund (IMF) team led by Mr. ....

  • US dollar expected to continue decline against Egyptian pound

    US dollar expected to continue decline against Egyptian pound

    Date: 2019-05-16 16:07:44 GMT - Egypt - Economy - SN:2 - ID:7944469

    Economists and bankers expected on Thursday that the US dollar would continue its fall against the Egyptian pound within the coming period prompted by the fruits of the successful economic program carried out by the Egyptian government and the ....

  • Dollar exchange rate continues downward trend at Egypt's major banks

    Dollar exchange rate continues downward trend at Egypt's major banks

    Date: 2019-05-15 16:08:13 GMT - Egypt - Economy - SN:2 - ID:7943147

    The US dollar exchange rate continued its downward trend at the close of the transaction at major banks on Wednesday. At the National Bank of Egypt, Banque Misr and the Arab African International Bank, the dollar rate went down by two piasters ....

  • Foreign cash flows hit $24.7 bln since Jan. - CBE

    Foreign cash flows hit $24.7 bln since Jan. - CBE

    Date: 2019-05-13 17:52:56 GMT - Egypt - Economy - SN:6 - ID:7940214

    The Central Bank of Egypt (CBE) said Monday foreign cash flows from different sources have hit a record, registering $24.7 billion since January. A CBE official source said the US dollar exchange rate has declined by about EGP 0.84 since the ....

  • Moody's: Egypt's economy showed high shock-absorption capacity in 2018

    Moody's: Egypt's economy showed high shock-absorption capacity in 2018

    Date: 2019-05-09 15:12:37 GMT - United Kingdom - Economy - SN:1 - ID:7935258

    Moody's Investors Service has said Egypt's economy demonstrated a high shock-absorption capacity during the second half of 2018. In its report released on Thursday, the credit rating agency ascribed improvement in the country's economy to the ....

  • Egypt's economic growth rate up to 5.6% in 3rd quarter of 2018-2019 FY - minister

    Egypt's economic growth rate up to 5.6% in 3rd quarter of 2018-2019 FY - minister

    Date: 2019-05-08 19:54:46 GMT - Egypt - Economy - SN:8 - ID:7934228

    Egypt’s economic growth rate increased to 5.6% during the third quarter of 2018-2019 fiscal year, against 5.4% in the same period of 2017-2018 fiscal year, Minister of Planning Hala el Saeed said. The government targets a further rise in the ....

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