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Economy
- Service : English
- Category : Economy
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Saving certificates of NBE, BM garner EGP 255 bn in 4 months
Date: 2020-07-24 19:15:51 GMT - Egypt - Economy - SN:2 - ID:8521021
CAIRO, July 24 (MENA) - The saving certificates issued by the National Bank of Egypt (NBE) and Banque Misr (BM) of 15-percent monthly return garnered some EGP 255 billion pounds in four months, the two banks said on Friday. In statements to MENA, ....
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AOI, ABE sign deal to promote digital transformation
Date: 2020-07-21 10:07:33 GMT - Egypt - Economy - SN:5 - ID:8516370
The Arab Organization for Industrialization (AOI) and the Agricultural Bank of Egypt (ABE) signed a cooperation deal to promote digital transformation. During the signing ceremony, AOI Chairman Abdel Moneim al Taras asserted that the AOI is ....
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Bourse gains EGP 4.4 bln, all indexes up
Date: 2020-06-30 15:00:58 GMT - Egypt - Economy - SN:1 - ID:8490147
The Egyptian Exchange (EGX) indexes posted gains during Tuesday trading, reflected positively on purchase by local institutions. The market capital gained EGP 4.4 billion to reach EGP 589.9 billion. The EGX 30 benchmark index went up by 0.13 ....
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CIB donates dlrs 7 million to back State's anti-coronavirus efforts
Date: 2020-05-10 11:34:00 GMT - Egypt - Economy - SN:9 - ID:8427057
The Commercial International Bank (CIB) donates dlrs seven million to back State's efforts against coronavirus pandemic. This came in a letter sent to Prime Minister Moustafa Madbouli by CIB chairman Hisham Ezzel Arab. The donation will boost ....
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CBE weighs expanding industry stimulus package to contractor sector: governor
Date: 2020-05-10 11:29:53 GMT - Egypt - Economy - SN:7 - ID:8427049
Central Bank of Egypt (CBE) Governor Tarek Amer said Sunday he will propose including the contractor sector to the banks's 100 billion pound industry stimulus initiative. The initiative intends to support industry and agricultural manufacturing ....
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CAPMAS: Monthly inflation rate up 1.6 percent in April
Date: 2020-05-10 10:25:03 GMT - Egypt - Economy - SN:5 - ID:8426922
The Central Agency for Public Mobilization and Statistics (CAPMAS) said the monthly inflation rate increased by 1.6 percent in April compared to March with the annual inflation rate hitting 5.9 percent in April compared with 12.5 percent in the ....
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High-yield savings certificates of NBE, Banque Misr post EGP 121 billions in gains
Date: 2020-05-10 09:33:39 GMT - Egypt - Economy - SN:4 - ID:8426852
The new saving certificates issued by the National Bank of Egypt (NBE) and Banque Misr of 15-percent monthly return garnered 121 billion pounds since they were issued on March 22, the two banks said on Sunday. Mohamed el Atrebi, Board Chairman of ....
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Banque du Caire chairman issues statement on closure of downtown branch after 2 coronavirus infections
Date: 2020-05-10 09:29:24 GMT - Egypt - Economy - SN:2 - ID:8426844
Chairman and CEO of Banque du Caire Tarek Fayed stressed that the bank's Talaat Harb branch was immediately shut down one day after two of its employees were infected with coronavirus on Wednesday. Medical tests were conducted on the other ....
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Egypt bourse gains EGP 5 billion in first five minutes
Date: 2020-04-26 14:18:39 GMT - Egypt - Economy - SN:4 - ID:8410518
The Egyptian Exchange (EGX) indexes achieved collective gains in the first five minutes of Sunday trading session prompted by purchases by Egyptian and Arab institutions and investment funds. The purchases came following Prime Minister Moustafa ....
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Egypt keeps superiority in MENA startup deals: ITIDA
Date: 2020-04-26 14:14:27 GMT - Egypt - Economy - SN:1 - ID:8410509
Egypt has maintained its first place rank in the Middle East and North Africa in terms of the number of financing and investment deals directed to startups in the region during the first quarter of 2020, according to a report issued by MAGNiTT ....
