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Economy
- Service : English
- Category : Economy
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CBE: Annual rate of inflation slightly up in December
Date: 2020-01-09 19:02:39 GMT - Egypt - Economy - SN:4 - ID:8263238
The Central Bank of Egypt (CBE) said on Thursday that the annual rate of basic inflation slightly increased in December. The bank detailed in a statement that the inflation rate went up from 2.1 percent in November to 2.4 percent. On a monthly ....
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CBE: Egypt's foreign currency reserves hit $45.419 bln in December
Date: 2020-01-06 00:13:45 GMT - Egypt - Economy - SN:6 - ID:8257420
Egypt's foreign currency reserves jumped by $65 million in December to reach $45.419 billion, the Central Bank of Egypt (CBE) said in a statement Sunday. In November, the country's foreign reserves registered $45.354 billion. ....
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Sisi issues decree to form CBE board for 4-year term
Date: 2020-01-01 23:06:40 GMT - Egypt - Economy - SN:4 - ID:8252378
President Abdel Fattah El Sisi on Wednesday issued a decree to form a new board of directors of the Central Bank of Egypt (CBE) for a term of four years. Under the presidential decree, the CBE board will be chaired by Tareq Amer. It will also ....
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Sisi directs lowering public debt
Date: 2019-12-30 00:29:53 GMT - Egypt - Economy - SN:9 - ID:8248816
President Abdel Fattah El Sisi directed Sunday to pay much focus on human and social development, and efforts of lowering public debt. The economic improvement should be reflected on the public services quality, Sisi highlighted, adding that all ....
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CBE: Banks Wednesday off
Date: 2019-12-30 00:19:50 GMT - Egypt - Economy - SN:1 - ID:8248805
The Central Bank of Egypt has decided to close down all banks in Egypt on Wednesday, January 1, marking the end of the fiscal year for most of them. Banks will resume work on Thursday, January 2, according to a statement by CBE here on Sunday. ....
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Egyptian economy sees tangible improvement - report
Date: 2019-12-21 23:56:23 GMT - Egypt - Economy - SN:4 - ID:8239038
The cabinet reviewed on Saturday a report prepared by the Information and Decision Support Center, which showed a continuous tangible improvement in the Egyptian economy. The report expected a growth rate of at least 5.5 percent in the coming few ....
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Dollar exchange rate down at Egypt's major banks
Date: 2019-12-16 00:05:23 GMT - Egypt - Economy - SN:4 - ID:8231262
The US dollar exchange rate fell back during Sunday's transactions at Egypt's major banks. The dollar value has dropped by more than EGP 1.75 pounds since the start of 2019. At the National Bank of Egypt and Banque Misr, the dollar rate ....
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Egypt to export orange to New Zealand - Agriculture min.
Date: 2019-12-16 00:01:00 GMT - Egypt - Economy - SN:1 - ID:8231259
Agriculture Minister Ezz-Eddin Abu Steit announced that New Zealand markets will be opened before Egypt's exports of orange for the first time following over two-year negotiations and technical visits. In a statement Sunday, the minister pointed ....
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Egypt interested in attracting more Japanese investments - FM
Date: 2019-12-11 23:08:46 GMT - Egypt - Economy - SN:3 - ID:8226383
Foreign Minister Sameh Shoukry said Wednesday that Egypt is interested in attracting more Japanese investments into the country. Shoukry’s comments came during his meeting with Japan’s Parliamentary Vice-Minister for Foreign Affairs Shinichi ....
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Finance Ministry refutes social media tax reports
Date: 2019-11-30 23:56:18 GMT - Egypt - Economy - SN:6 - ID:8211012
The Finance Ministry on Saturday denied reports claiming that taxes would be imposed on chat applications on social media platforms. In a statement, the ministry said the integration of e-commerce to the tax system is being considered to cope ....
