Economy

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  • Category : Economy
  • Sisi directs commitment to implement economic reform program

    Date: 2018-12-30 16:35:41 GMT - Egypt - Economy - SN:2 - ID:7736785

    President Abdel Fattah El Sisi has directed committed action to achieve aspired financial and economic targets. Sisi, in a meeting with Prime Minister Moustafa Madbouli and governor of the Central Bank of Egypt Tareq Amer earlier Sunday, urged ....

  • Egypt, Saudi Arabia discuss establishing joint industrial zone

    Date: 2018-12-29 18:04:42 GMT - Egypt - Economy - SN:2 - ID:7735623

    Egypt and Saudi Arabia have discussed the establishment of a joint industrial zone in Egypt via the industrial-developer system, Head of the Trade Agreements and Foreign Trade Sector Amany Al-Wasl said in a statement on Saturday. The two sides ....

  • CBE maintains lending rate at 17.75 percent: statement

    Date: 2018-12-27 21:36:00 GMT - Egypt - Economy - SN:4 - ID:7733508

    The Monetary Policy Committee (MPC) at the Central Bank of Egypt (CBE) determined during its meeting on Thursday evening to keep overnight deposit rate, overnight lending rate, and the main operation rate unchanged at 16.75 percent, 17.75 percent, ....

  • Beltone Financial expects $11bn tourist revenues in 2019

    Date: 2018-12-26 16:19:47 GMT - Egypt - Economy - SN:3 - ID:7731922

    Beltone Financial Holding Company expects revenues from Egyptian tourism would hit 11 billion dollars in 2019. The Egyptian economic performance is very promising, it added in an annual report on the Egyptian economy released on ....

  • Total public investments record EGP 80 bln in Q1 - minister

    Date: 2018-12-22 23:10:46 GMT - Egypt - Economy - SN:9 - ID:7726567

    Egypt's total public investments during the first quarter of the 2018/2019 fiscal year have registered EGP 80 billion, with government investments of about EGP 27.4 billion, Minister of Planning, Monitoring and Administrative Reform Hala el Saeed ....

  • Egypt keen on further investments in Africa - minister

    Date: 2018-12-22 19:47:49 GMT - Egypt - Economy - SN:6 - ID:7726481

    Minister of Trade and Industry Amr Nassar stressed on Saturday Egypt's commitment to furthering its investments in Africa, Central Asia and Eastern Europe. The minister gave his remarks during a meeting of the Parliament's Industry Committee ....

  • All EGX indexes down, benchmark declines 0.33 pct

    Date: 2018-12-19 23:07:13 GMT - Egypt - Economy - SN:9 - ID:7722735

    The Egyptian Exchange (EGX) indexes went down collectively at the close of Wednesday's trading, amid sales by foreign institutions and investment funds. The market capital lost about EGP 1.7 billion, registering EGP 744.52 billion, after ....

  • CBE mulls re-opening door for licensing int'l banks' branches

    Date: 2018-12-18 09:34:12 GMT - Egypt - Economy - SN:6 - ID:7719902

    The Central Bank of Egypt board is mulling re-opening the door for licensing international banks' branches to join the Egyptian market in the coming period. In statements to MENA on Tuesday, a CBE reliable source said the step will promote ....

  • Finance Ministry not to change its tax policy- Maait

    Date: 2018-12-16 20:53:44 GMT - Egypt - Economy - SN:12 - ID:7717914

    Finance Minister Mohamed Maait on Sunday said that the ministry will not change its tax policy, but it will work on developing its tax administration, warning that taking such a move could badly affect the country's economy with regard to attracting ....

  • HSBC: Egypt's deficit stable in Q1 despite challenges

    Date: 2018-12-14 19:29:21 GMT - Egypt - Economy - SN:12 - ID:7715087

    Egypt's budget deficit of the GDP was stable in the first quarter of the 2018/19 fiscal year, according to a new HSBC report. The report, issued on Thursday, forecast the government's revenues to rise, despite huge future challenges, noting that ....

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