Economy

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  • Category : Economy
  • Petroleum minister, ITFC official confer on bilateral cooperation

    Date: 2018-01-30 10:03:54 GMT - Egypt - Economy - SN:11 - ID:7218033

    Petroleum Minister Tareq el Molla and CEO of the International Islamic Trade Finance Corporation (ITFC) Hani Sonbol met Tuesday to discuss bilateral cooperation in the coming stage. The ITFC is interested in financing oil projects in Egypt, ....

  • Egypt's economic growth rate expected to reach 5% in 2018 - IMF official

    Date: 2018-01-30 10:00:20 GMT - Morocco - Economy - SN:10 - ID:7218026

    Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour expected the economic growth rate in Egypt to exceed projections hitting about 5 percent in 2018. Speaking to MENA on Tuesday on the ....

  • Planning min.: Increasing total investments 20%, 5.8% growth rate targeted

    Date: 2018-01-29 14:58:41 GMT - Egypt - Economy - SN:13 - ID:7216775

    Minister of Planning Dr Hala el Saeed Monday asserted the need to increase total investments by 20% in order to reach a growth rate of around 5.8% in fiscal 2018/2019. Following a meeting with Prime Minister Sherif Ismail, the minister said she ....

  • IMF lauds Egyptian economic reform

    Date: 2018-01-23 17:17:39 GMT - USA - Economy - SN:37 - ID:7207251

    The International Monetary Fund (IMF) on Tuesday said that the Egyptian economic reform program has played a major role in the stability of the economic situation in Egypt. In a released statement after wrapping up consultations with Egyptian ....

  • Bourse indexes show varied performance

    Date: 2018-01-23 15:43:18 GMT - Egypt - Economy - SN:30 - ID:7207114

    The Egyptian Exchange indices showed varied performance at the close of Tuesday’s trading. The market capital reached EGP 850.2 billion, after transactions hit EGP 1 billion. The EGX 30 benchmark index went down by 0.3 percent to close at ....

  • Garhy presents Cabinet with medium-term financial strategy

    Date: 2018-01-23 13:30:57 GMT - Egypt - Economy - SN:17 - ID:7206827

    Minister of Finance Amr el Garhy on Tuesday presented the Cabinet with a general medium-term financial strategy. The strategy is meant to set the goals of the coming two years regarding the budget deficit and public debt, he said, adding that ....

  • Dollar exchange rate stable at major banks in Egypt

    Date: 2018-01-23 11:02:51 GMT - Egypt - Economy - SN:13 - ID:7206446

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Tuesday. The dollar price reached EGP 17.65 for buying and 17.75 for selling at the National Bank of Egypt, Banque Du Caire, the Commercial ....

  • Dollar exchange rate varies at major banks

    Date: 2018-01-22 10:44:37 GMT - Egypt - Economy - SN:19 - ID:7204354

    The US dollar exchange rate showed varied performance during morning transactions at major banks on Monday. The dollar exchange rate stood at EGP 17.65 for buying and EGP 17.75 for selling at the National Bank of Egypt, the Arab African ....

  • Nasr confers with public enterprises min. on means of improving investment climate

    Date: 2018-01-22 10:42:50 GMT - Egypt - Economy - SN:18 - ID:7204306

    Investment and International Cooperation Minister Sahar Nasr conferred on Monday with Public Enterprises Minister Khaled Badawi on means of coordinating the two ministries' efforts to improve the business and investment climate in the coming ....

  • Insurance investments hit EGP 8bn in 2017 -- Omran

    Date: 2018-01-16 10:35:48 GMT - Egypt - Economy - SN:16 - ID:7193731

    Head of the Financial Supervisory Authority Dr. Mohamed Omran on Tuesday said that the net investments of public insurance companies on the Egyptian market increased to 86 billion pounds in 2017. This constitutes a 41 percent rise compared to ....

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