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Economy
- Service : English
- Category : Economy
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CBE makes some clarifications on loan installment postponement
Date: 2020-04-16 14:50:29 GMT - Egypt - Economy - SN:9 - ID:8398180
Under the loan installment postponement initiative, the Central Bank of Egypt made clear on Thursday that accrued interest rate will be applied on the remaining amounts of loan and not on the total loan value. The CBE has earlier decided to ....
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Free Zones companies can now manufacture respirator masks, protective gear
Date: 2020-04-16 14:44:53 GMT - Egypt - Economy - SN:4 - ID:8398165
The industrial companies operating under the free zones system are now authorized to manufacture respirator masks and protective gear just by notice. The decision was taken by Executive President of the General Authority of Free Zones and ....
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AOI, SCZone sign framework agreement for partnership
Date: 2020-04-16 14:43:20 GMT - Egypt - Economy - SN:3 - ID:8398163
The Arab Organization for Industrialization (AOI) and the General Authority For Suez Canal Economic Zone (SCZone) signed on Thursday a framework agreement for partnership to secure local market needs and increase exports to Arab and African ....
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IMF official says Egypt's anti-COVID-19 measures decisive
Date: 2020-04-16 14:42:24 GMT - USA - Economy - SN:2 - ID:8398162
An International Monetary Fund (IMF) official said on Thursday the measures taken by Egypt to curb the outbreak of novel coronavirus are decisive and have been backed by a comprehensive stimulus package to ease the repercussions of the ....
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Remittances of Egyptian expats hit $5.3 bln in January, February of 2020 - CBE
Date: 2020-04-16 14:41:35 GMT - Egypt - Economy - SN:1 - ID:8398159
The Central Bank of Egypt (CBE) on Thursday said that remittances of Egyptian expatriates increased by 33.6 % in January and February 2020 to reach about $5.3 billion, compared to $3.9 billion recorded in the corresponding period of 2019. In a ....
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Protocol between military production ministry, African bank for establishing solar plants
Date: 2020-04-12 11:38:39 GMT - Egypt - Economy - SN:6 - ID:8392321
Minister of State For Military Production Mohamed Saeed El Assar attended on Sunday a ceremony for signing a cooperation protocol between Benha Electronic Co (Military plant 144) and the Arab African International Bank for establishing solar energy ....
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COVID-19 crisis likely to propel social protection reforms: Mashaat
Date: 2020-04-12 11:05:02 GMT - Egypt - Economy - SN:4 - ID:8392270
The novel coronavirus (COVID-19) crisis is likely to accelerate the structural reforms as regards the social protection and the irregular workers alongside activating the financial inclusion as per the policies of the Central Bank of Egypt (CBE), ....
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UN official expects robust economic recovery in Egypt in 2021
Date: 2020-04-12 10:53:03 GMT - Morocco - Economy - SN:1 - ID:8392249
Director of the North Africa Office of the United Nations Economic Commission for Africa Khaled Hussein said coronavirus crisis is a short-term crisis, expecting the Egyptian economy to witness a robust recovery in 2021. For years, Egypt has been ....
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Brent crude could plunge to ‘single-digit lows’: Fitch warns
Date: 2020-04-06 12:22:23 GMT - USA - Economy - SN:7 - ID:8384836
Brent crude futures could plunge to “single-digit lows” if major oil producers fail to reach a deal to cut output at a time when demand has collapsed due to the coronavirus pandemic, Fitch Solutions said in Friday report published by CNBC on ....
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State civil servants to receive monthly salaries as of April 19
Date: 2020-04-06 10:48:23 GMT - Egypt - Economy - SN:6 - ID:8384621
Finance Minister Mohamed Maait said civil servants at all state administrative bodies will get their monthly salaries as of Sunday, April 19, instead of Thursday, April 24. He stressed that specific payment dates have been set for the ministries, ....
