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Economy
- Service : English
- Category : Economy
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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 ....
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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 ....
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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 ....
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CBE doubles capped loans limit for mortgage finance
Date: 2020-02-18 07:37:40 GMT - Egypt - Economy - SN:3 - ID:8316644
The Central Bank of Egypt (CBE) has upped the capped loans limit for mortgage finance from five percent to 10 percent from the overall bank loan portfolio. The move falls within the framework of a new initiative adopted by the CBE to promote the ....
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Bourse gains EGP 2.4bln, all indexes up
Date: 2020-02-17 15:19:34 GMT - Egypt - Economy - SN:2 - ID:8316072
The Egyptian Exchange (EGX) indexes restored collective gains on Monday, backed by purchases by foreign institutions and investment funds as well as Arab individuals. The market capital gained EGP 2.4 billion to reach EGP 698.9 billion amid ....
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Egyptian economy strong enough to cope with foreign crises - CBE governor
Date: 2020-02-16 23:15:24 GMT - Egypt - Economy - SN:5 - ID:8315001
Governor of the Central Bank of Egypt (CBE) Tarek Amer has stressed that Egypt’s economy has become stronger to cope with foreign crises and challenges thanks to the State’s recent successful reform program. Speaking to CNBC, he reiterated on ....
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Finance min.: Gov't seeks increasing financial allocations for health, education in FY 2020/21
Date: 2020-02-16 23:12:33 GMT - Egypt - Economy - SN:3 - ID:8314999
Finance Minister Mohamed Maait has said that the government is aimed at increasing financial allocations during the next fiscal year for the sectors of health and education, with a view to strengthening human, social and economic ....
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Mashat voices keenness to promote partnership with UNDP
Date: 2020-02-15 11:10:20 GMT - Egypt - Economy - SN:1 - ID:8312781
Minister of International Cooperation Rania al Mashat asserted the Egyptian government's keenness on furthering partnership with the UN Development Program (UNDP) and working for empowering women at the economic and social levels. At a meeting ....
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Anti-monopoly body probes legality of Telecom Egypt’s bid for acquisition of Vodafone
Date: 2020-02-13 00:13:10 GMT - Egypt - Economy - SN:5 - ID:8309774
The Egyptian Competition Authority said Wednesday it was probing the legality of using of the right of preemption by Telecom Egypt to fully acquire its peer and competitor Vodafone Egypt. The anti-monopoly body said it had received a formal ....
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CBE: Foreign currency reserves up by dlrs 37mn in January
Date: 2020-02-06 23:07:18 GMT - Egypt - Economy - SN:6 - ID:8301312
Foreign currency reserves jumped by about dlrs 37 million in January to reach dlrs 45.456 billion, the Central Bank of Egypt (CBE) said in a statement on Thursday. In December, the country's foreign reserves registered dlrs 45.419 billion, the ....
