Economy

  • Service : English
  • Category : Economy
  • Egypt bourse okays e-voting amid coronavirus fears

    Egypt bourse okays e-voting amid coronavirus fears

    Date: 2020-03-29 09:55:01 GMT - Egypt - Economy - SN:1 - ID:8374061

    The Egyptian Exchange announced on Sunday the activation of an e-voting system for companies registered in the bourse in compliance with Prime Minister Moustafa Madbouli's decision to ban all activities involving large gathering. In a statement, ....

  • CBE shuts 5 brokerage companies over violations

    CBE shuts 5 brokerage companies over violations

    Date: 2020-03-26 15:33:57 GMT - Egypt - Economy - SN:7 - ID:8371029

    The Central Bank of Egypt (CBE) closed five brokerage companies for one year over violating the banking system rules, said an official source with the bank. The five closed companies' licenses have not been revoked, the source added. ....

  • Banque Misr head: Bank's proceeds from fixed-rate certificates hit EGP 7.6 bn in four days

    Banque Misr head: Bank's proceeds from fixed-rate certificates hit EGP 7.6 bn in four days

    Date: 2020-03-26 10:47:19 GMT - Egypt - Economy - SN:3 - ID:8370447

    Banque Misr Board Chairman Mohamed el Etribi said the bank's proceeds from certificates of deposit with a 15 percent fixed rate hit EGP 7.6 billion in four day. In statements to MENA on Thursday, Etribi said these certificates will be available ....

  • Egyptian banks to postpone loan payments for 6 months over coronavirus

    Egyptian banks to postpone loan payments for 6 months over coronavirus

    Date: 2020-03-22 14:09:19 GMT - Egypt - Economy - SN:6 - ID:8365014

    The Central Bank of Egypt gave on Sunday directives to all banks across the nation to postpone credit dues for individual debts, including real-estate loans, for six months. No fines will be levied in case of late payment, the bank ....

  • Egypt's bourse gains 18.4 billion pounds

    Egypt's bourse gains 18.4 billion pounds

    Date: 2020-03-22 10:20:47 GMT - Egypt - Economy - SN:1 - ID:8364608

    All indices of Egypt Stock Exchange jumped in the first minutes of morning trading on Sunday with the main index upping by 6.38 percent. The increase is prompted by the stimulus procedures the government has adopted and to the initiative that the ....

  • CBE cuts interest rates of some economic initiatives

    CBE cuts interest rates of some economic initiatives

    Date: 2020-03-19 23:58:26 GMT - Egypt - Economy - SN:7 - ID:8361842

    The Central Bank of Egypt (CBE) decided on Thursday to lower the interest rates applied on some economic initiatives to 8 percent, down from 10 percent. The CBE has launched several economic initiatives, aimed at spurring the activities of the ....

  • CBE launches initiative to support financially-strapped clients

    CBE launches initiative to support financially-strapped clients

    Date: 2020-03-17 07:35:24 GMT - Egypt - Economy - SN:3 - ID:8357100

    The Central Bank of Egypt (CBE) decided to launch an initiative to support financially-strapped clients whose loans are less than EGP 1 million. In a statement on Monday, the CBE said the initiative is meant to support even the clients against ....

  • CBE dismisses issuing precautionary measures against COVID-19

    CBE dismisses issuing precautionary measures against COVID-19

    Date: 2020-03-14 23:12:52 GMT - Egypt - Economy - SN:3 - ID:8353916

    The Central Bank of Egypt (CBE) denied reports circulated on social media about issuing precautionary measures for in Egypt against the coronavirus. Any instructions, to be issued in this score, will be announced officially, CBE said in a ....

  • EGX indexes show mixed performance, benchmark up 0.55 pct

    EGX indexes show mixed performance, benchmark up 0.55 pct

    Date: 2020-03-02 15:27:20 GMT - Egypt - Economy - SN:11 - ID:8336164

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Monday's trading, amid purchases by local institutions and investment funds. The market capital gained about EGP 600 million, closing at EGP 635.6 billion after ....

  • Unemployment rate reached 8 percent in Q4 2019

    Unemployment rate reached 8 percent in Q4 2019

    Date: 2020-03-01 00:44:16 GMT - Egypt - Economy - SN:3 - ID:8333360

    Minister of Planning and Economic Development Hala el Saeed said on Saturday the jobless rate stood at 8 percent in the fourth quarter of 2019, compared to 8.9 percent in the same period last year. The total workforce increased by 1.9 percent to ....

Middle East News Agency © - designed and developed : GCSSD