ar
en
fr
Economy
- Service : English
- Category : Economy
-
EGX gains EGP 6.8 bln over past week
Date: 2019-08-22 22:54:23 GMT - Egypt - Economy - SN:8 - ID:8073515
The Egyptian Exchange (EGX) gained EGP 6.8 billion this week as the market capital went up 0.9 percent to EGP 759.3 billion, compared to EGP 752.5 billion in the previous week. The EGX 30 benchmark index increased 0.27 percent, registering ....
-
Egypt cuts interest rates by 150 basis points
Date: 2019-08-22 22:52:10 GMT - Egypt - Economy - SN:6 - ID:8073513
The Monetary Policy Committee (MPC) decided Thursday to cut the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation by 150 basis points to 14.25 percent, 15.25 percent, and 14.75 percent, ....
-
Bloomberg: Economic reforms turns Egypt into Middle East’s fastest-growing economy
Date: 2019-08-21 23:57:48 GMT - Egypt - Economy - SN:6 - ID:8072036
Egypt’s recovery has turned it into the Middle East’s fastest-growing economy following three years of reforms enacted to secure a $12 billion loan from the International Monetary Fund, Bloomberg said in a report Wednesday. The Egyptian pound’s ....
-
Eastern Tobacco Company announces new hike in some cigarette prices
Date: 2019-08-15 23:17:43 GMT - Egypt - Economy - SN:5 - ID:8064779
Egypt's leading cigarette maker, the Eastern Tobacco Company, announced new hikes in some cigarette prices. The new prices came into force as of Wednesday, Aug 14, according to a statement of the company, a copy of which was sent to the ....
-
EGP 1.5 million of coins to be daily minted in Eid - Finance Ministry
Date: 2019-08-10 00:04:45 GMT - Egypt - Economy - SN:1 - ID:8059323
Finance Minister Mohamed Maait on Friday reviewed a plan developed by the Egyptian Mint Authority to offer sufficient quantities during Eid al Adha. Up to EGP 1.5 million of coins will be minted daily during the Eid holidays to meet the needs of ....
-
World's biggest container ship transits Suez Canal
Date: 2019-08-09 16:52:58 GMT - Egypt - Economy - SN:8 - ID:8059136
The world's largest container ship MSC Megamax-24 crossed the Suez Canal on Friday, said Head of the Suez Canal Economic Zone (SCZone) Mohab Mamish in a press release on Friday. The ship is one of 11 sister vessels MSC that was constructed in ....
-
All EGX indexes up, benchmark rises 1.65 pct
Date: 2019-08-07 17:21:45 GMT - Egypt - Economy - SN:4 - ID:8056594
The Egyptian Exchange (EGX) indexes went up collectively at the close of Wednesday's trading, pushed by purchases of Arab and foreign institutions and investment funds. The market capital gained about EGP 13.2 billion, registering EGP 732.6 ....
-
Dollar prices stable at major banks, demand for riyal increases
Date: 2019-08-05 16:09:25 GMT - Egypt - Economy - SN:7 - ID:8053391
The exchange rate of the US dollar was relatively stable during transactions on Monday at major banks, after a wave of declines witnessed over the past period that has caused the price of the dollar to drop by more than 130 piasters since the ....
-
World food prices ease for second month running in July- FAO
Date: 2019-08-01 23:58:10 GMT - Italy - Economy - SN:11 - ID:8048657
World food prices eased for a second month running in July after five consecutive monthly gains, pushed down by falls in the prices of some cereals, dairy products and sugar, the United Nations food agency said on Thursday. The Food and ....
-
Finance Ministry auctions T-bills worth EGP 19 bln
Date: 2019-08-01 23:50:43 GMT - Egypt - Economy - SN:8 - ID:8048651
The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 19 billion. In an online statement, the Ministry said it sold 182-day T-bills worth EGP 9.2 billion with an average yield of 17.757 percent. The yield ranged ....
