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Economy
- Service : English
- Category : Economy
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CBE Governor Amer assumes AFI chair post
Date: 2019-09-11 22:35:07 GMT - Rwanda - Economy - SN:1 - ID:8100258
Central Bank of Egypt (CBE) Governor Tarek Amer assumed post of the new chair of Alliance of Financial Inclusion (AFI)’s Board of Directors during the network’s annual general meeting (AGM) at the 2019 AFI Global Policy Forum held on Wednesday in ....
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CAPMAS: Egypt inflation rate up 0.7% in August
Date: 2019-09-10 07:52:00 GMT - Egypt - Economy - SN:4 - ID:8097546
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said on Tuesday that the country’s inflation rate increased by 0.7 percent in August, reaching 314.8 points up from the 312.5-point recording in July. The annual inflation ....
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Egypt's bourse loses 3.1 billion pounds
Date: 2019-09-09 14:21:27 GMT - Egypt - Economy - SN:7 - ID:8096911
The Egyptian Exchange (EGX) indexes went down at the end of the trading session on Monday prompted by sellouts by Arab and foreign investment funds and institutions. The market capital lost about EGP 3.1 billion, registering EGP 774.4 billion, ....
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Dollar exchange rate down 1 piaster Egypt's major banks
Date: 2019-09-08 23:41:51 GMT - Egypt - Economy - SN:7 - ID:8095782
The US dollar exchange rate maintained its downward trend during transactions at major banks on Monday, dropping by one piaster versus the pound. The dollar value has dropped about 1.40 piasters since the start of the year. At the National ....
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Bourse gains EGP 4.2 bn amid varied performance
Date: 2019-09-08 17:04:28 GMT - Egypt - Economy - SN:2 - ID:8095531
The Egyptian Exchange (EGX) witnessed on Sunday varied performance amid purchases of domestic, Arab and foreign institutions and investment funds. The market capital recorded gains estimated at EGP 4.2 billion to reach EGP 777.5 billion. The ....
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Egypt, Geely sign MoU for producing electric cars
Date: 2019-09-06 17:52:16 GMT - Egypt - Economy - SN:5 - ID:8093113
Egypt’s Minister of State for Military Production Mohamed El-Assar witnessed Friday the signing ceremony of a MoU between the National Organization for Military Production and Chinese Geely Company for manufacturing electric cars. The move comes ....
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Dollar price down at Egypt's major banks
Date: 2019-09-05 23:35:50 GMT - Egypt - Economy - SN:6 - ID:8092267
The US dollar exchange rate maintained its downward trend during transactions at major banks on Thursday, dropping by more than EGP 140 piasters since January. At the National Bank of Egypt and Banque Misr, the dollar rate declined by three ....
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Ahmed El Bassiouny appointed as CBE sub-governor for economic research
Date: 2019-08-26 18:51:41 GMT - Egypt - Economy - SN:6 - ID:8078255
The Central Bank of Egypt (CBE) board of directors appointed Monday senior economist Ahmed El Bassiouny as Sub-Governor for the Economic Research Sector. Bassiouny will succeed CBE Governor's Adviser for African Affairs and Supervisor of the ....
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CBE: EGP 144.2bn worth of loans to small, medium-sized firms since 2016
Date: 2019-08-25 22:57:45 GMT - Egypt - Economy - SN:8 - ID:8076825
The Central Bank of Egypt said Sunday that the total value of loans given to small and medium-sized enterprises amounted to 144.2 billion pounds during the period from January 2016 through June 2019. Small companies received a total of 84.4 ....
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Finance Ministry auctions T-bills worth EGP 18.7 bln
Date: 2019-08-25 22:56:53 GMT - Egypt - Economy - SN:7 - ID:8076824
The Ministry of Finance has auctioned treasury bills at a total value of EGP 18.7 billion. In an online statement on Sunday, the ministry said it sold 91-day T-bills worth EGP 9 billion with an average yield of 16.443 percent. The yield ranged ....
