Economy

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  • EIB: EIB's investment in Egypt reaches €8.7 bln in 95 projects

    EIB: EIB's investment in Egypt reaches €8.7 bln in 95 projects

    Date: 2019-10-01 07:29:27 GMT - Egypt - Economy - SN:7 - ID:8125968

    The European Investment Bank (EIB) is keen on strengthening partnership with Egypt during the upcoming period, Vice President of EIB Dario Scannapieco said. EIB's investments in the Egyptian market recorded €8.7 billion in more than 95 priority ....

  • Bourse gains EGP 20.9 billion

    Bourse gains EGP 20.9 billion

    Date: 2019-09-29 23:45:07 GMT - Egypt - Economy - SN:4 - ID:8124352

    The Egyptian Exchange (EGX) indexes posted collective gains in Sunday morning transactions, due to stability in the country and the Central Bank of Egypt's (CBE) decision to lower the interest rates for the second time by 2.5% over a period of six ....

  • Beltone Financial to hold conference on Egypt's investment potentials Monday

    Beltone Financial to hold conference on Egypt's investment potentials Monday

    Date: 2019-09-29 21:49:40 GMT - United Arab Emirates - Economy - SN:3 - ID:8124324

    Beltone Financial Holding will hold a conference on Monday for promoting investment potentials in Egypt. The 13th edition of the conference is expected to bring speakers from the Central Bank of Egypt, Egyptian Finance Ministry, along with other ....

  • WB chief underscores int’l confidence in Egyptian economy

    WB chief underscores int’l confidence in Egyptian economy

    Date: 2019-09-25 23:45:33 GMT - USA - Economy - SN:7 - ID:8119331

    President of the World Bank (WB) David Malpass has underlined growing international confidence in the Egyptian economy despite the slow growth of world economy and political turmoil in the Middle East and North Africa. President Abdel Fattah El ....

  • Bourse recovers, gains EGP 16.4 bln

    Bourse recovers, gains EGP 16.4 bln

    Date: 2019-09-25 22:36:46 GMT - Egypt - Economy - SN:6 - ID:8119308

    The Egyptian Exchange (EGX) indexes recovered and posted collective gains at the close of Wednesday's trading, backed by purchases of local, Arab and foreign institutions and investment funds. The market capital gained about EGP 16.4 billion to ....

  • Egypt's non-petroleum exports hit $1.9 bln in August

    Egypt's non-petroleum exports hit $1.9 bln in August

    Date: 2019-09-23 16:13:27 GMT - Egypt - Economy - SN:11 - ID:8115977

    Egypt's non-petroleum exports have increased by 75 million dollars in August to reach 1.964 billion dollars against 1.619 billion dollars in the corresponding month last year, said the General Organization For Export and Import Control (GOEIC) on ....

  • 1st deal inked between MSMEDA, NBE for SMEs in North Sinai

    1st deal inked between MSMEDA, NBE for SMEs in North Sinai

    Date: 2019-09-21 22:32:41 GMT - Egypt - Economy - SN:5 - ID:8113441

    The MSMEDA signed Saturday a finance agreement with the National Bank of Egypt (NBE) to fund small projects in North Sinai governorate, Governor Abul Fadil Shosha said. The deal is the first of its kind between the Micro, Small and Medium ....

  • Mulla: Egypt's natural gas production rises to highest level in Sept.

    Mulla: Egypt's natural gas production rises to highest level in Sept.

    Date: 2019-09-20 14:48:56 GMT - Egypt - Economy - SN:1 - ID:8112037

    Petroleum Minister Tareq el Mulla said that Egypt's natural gas production rises to its highest level in September, a matter that led to an increase in the use of natural gas in the local market after Egypt achieved a self-sufficiency in natural gas ....

  • All EGX indexes down, market capital loses EGP 500m

    All EGX indexes down, market capital loses EGP 500m

    Date: 2019-09-18 23:00:02 GMT - Egypt - Economy - SN:7 - ID:8110022

    The Egyptian Exchange (EGX) indexes went down collectively at the close of Wednesday's trading, amid sales by Egyptian investors, institutions and investment funds. Meanwhile, selective purchases prevailed in transactions of foreign ....

  • Dollar exchange rate down at Egypt's major banks

    Dollar exchange rate down at Egypt's major banks

    Date: 2019-09-15 23:17:13 GMT - Egypt - Economy - SN:8 - ID:8105415

    The US dollar exchange rate maintained its downward trend during transactions at major banks on Sunday. At the National Bank of Egypt and Banque Misr, the dollar rate declined by three piasters, recording EGP 16.35 for buying and EGP 16.45 for ....

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