ar
en
fr
Economy
- Service : English
- Category : Economy
-
Bourse gains EGP 2.3bln
Date: 2019-10-28 15:30:44 GMT - Egypt - Economy - SN:5 - ID:8164925
The Egyptian Exchange (EGX) indexes went up collectively at the close of Monday's trading, amid purchases by foreign investment funds and financial portfolio. The market capital gained EGP 2.3 billion to reach EGP 716.5 billion, after ....
-
Dollar exchange rate stable at Egypt's major banks
Date: 2019-10-27 13:16:58 GMT - Egypt - Economy - SN:6 - ID:8163105
The dollar exchange rate was relatively stable during Sunday transactions at Egypt's major banks. The dollar value dropped by more than EGP 1.70 since the beginning of 2019. The dollar exchange rate remained stable at the National Bank of ....
-
US budget deficit hits 26% reaching in 2019
Date: 2019-10-26 14:23:06 GMT - USA - Economy - SN:2 - ID:8161994
The US government’s budget deficit ballooned to nearly $1 trillion in 2019, The Washington Post quoted the US Treasury Department as announcing. The United States’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of ....
-
Eni: New resources discovered in Gulf of Suez offshore Egypt
Date: 2019-10-25 22:55:30 GMT - Egypt - Economy - SN:2 - ID:8161200
Energy group Eni announced on Friday the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of Suez, where the operating company Petrobel, equally held by Eni and by the Egyptian General Petroleum Corporation (EGPC), ....
-
Dollar exchange rate down at Egypt's major banks
Date: 2019-10-24 22:38:12 GMT - Egypt - Economy - SN:1 - ID:8160102
The US dollar exchange rate fell back during Thursday transactions at Egypt's major banks. The dollar value has dropped by more than EGP 1.7 pounds since the start of 2019. At the National Bank of Egypt and Banque Misr, the dollar rate ....
-
CBE, SFD agree on renewing Saudi deposits
Date: 2019-10-21 17:21:34 GMT - Egypt - Economy - SN:6 - ID:8155216
Governor of the Central Bank of Egypt (CBE) Tareq Amer agreed on Monday with Vice President and Managing Director of the Saudi Fund for Development (SFD) Dr. Khalid Bin Sulaiman Al Khudairi to renew existing Saudi deposits at the CBE. The signing ....
-
Nasr: Egypt keens on cooperation with USIDFC
Date: 2019-10-20 21:58:49 GMT - Egypt - Economy - SN:6 - ID:8153807
Minister of Investment Sahar Nasr has stressed Egypt's keenness on cooperation with a newly-established United States International Development Finance Corporation (USIDFC). The USIDFC is a US state-owned corporation meant to encourage American ....
-
CBE governor honored among world's top central bankers
Date: 2019-10-19 22:13:30 GMT - Egypt - Economy - SN:1 - ID:8152344
Global Finance magazine has honored Governor of the Central Bank of Egypt (CBE) Tarek Amer among the best governors of central banks worldwide. This came during a ceremony organized Saturday by the global magazine on the fringe of the Annual ....
-
CBE governor: foreign investors prefer long-term T-bonds
Date: 2019-10-18 22:17:17 GMT - USA - Economy - SN:4 - ID:8151247
Central Bank of Egypt (CBE) Governor Tarek Amer said the great development which the Egyptian economy has witnessed recently is a testament to the success of the country’s financial and economic reform program. In remarks he gave while attending ....
-
World Bank praises legislative, institutional reforms in Egypt
Date: 2019-10-17 22:06:48 GMT - Egypt - Economy - SN:6 - ID:8150047
World Bank officials lauded on Thursday legislative and institutional reforms carried out by the Egyptian government to improve investment climate, a step that helped Egypt maintain its status as the first investment-magnet country in Africa for ....
