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Economy
- Service : English
- Category : Economy
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PM orders quick implementation of Golden Triangle project
Date: 2019-07-21 17:47:47 GMT - Egypt - Economy - SN:1 - ID:8033665
Prime Minister Mostafa Madbouli has ordered a team be formed to outline steps to implement the Golden Triangle – a development project meant to serve three governorates. The team should make use of a study prepared by an Italian consultancy ....
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CBE trains over 100 bankers from 20 African countries under Sisi’s directives
Date: 2019-07-18 22:57:11 GMT - Egypt - Economy - SN:2 - ID:8030268
The Central Bank of Egypt (CBE) has carried out a training program for more than 100 bankers from 20 African countries under President Abdel Fattah El Sisi’s directives to boost cooperation with African countries. The bank detailed in a ....
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PM: Initial surplus rate hits all time high since 2011
Date: 2019-07-17 23:23:10 GMT - Egypt - Economy - SN:3 - ID:8028695
President Abdel Fattah El Sisi always puts government officials under pressure to bring the country into its rightful place on the global stage, Prime Minister Moustafa Madbouli said. The government is well aware of the multiple challenges ahead, ....
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CBE keeps interest rates on deposits, loans unchanged
Date: 2019-07-11 18:25:45 GMT - Egypt - Economy - SN:1 - ID:8020494
The Central Bank of Egypt (CBE) decided to keep the overnight deposit rate and overnight lending rate unchanged at 15.75 percent and 16.75 percent respectively. The decision was made by the CBE Monetary Policy Committee during a meeting held ....
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PM praises inflation decline to 8.9%
Date: 2019-07-10 23:13:26 GMT - Egypt - Economy - SN:5 - ID:8019129
Prime Minister Mustafa Madbouli praised Wednesday the inflation decline to 8.9 percent according to the latest data released by The Central Agency for Public Mobilization and Statistics (CAPMAS). The annual inflation hit 8.9 percent in June, down ....
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FRA: PM issues decisions on establishing gov't funds for school students' social care
Date: 2019-07-09 10:00:01 GMT - Egypt - Economy - SN:6 - ID:8016505
Head of the Financial Regulatory Authority (FRA) Mohammed Omran said on Tuesday that Prime Minister Mostafa Madboli issued decisions No.1583 and No.1584 for the Year 2019 pertaining to establishing two government insurance funds for social and ....
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Bourse indices show mixed performance
Date: 2019-07-07 19:38:35 GMT - Egypt - Economy - SN:4 - ID:8014269
The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday's trading prompted by sales operations by Arab institutions and investment funds. The market capital lost about EGP 3.9 billion, registering EGP 746.2 billion, ....
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Sisi orders providing basic commodities to citizens at reasonable prices
Date: 2019-07-04 23:30:12 GMT - Egypt - Economy - SN:5 - ID:8010366
President Abdel Fattah El Sisi issued directives Thursday to the bodies concerned to exert utmost efforts to make basic commodities available for citizens at affordable prices at various outlets nationwide. The president's remarks came during ....
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CBE: Egypt's foreign currency reserves hit $44.351 bln by end of June
Date: 2019-07-04 23:29:11 GMT - Egypt - Economy - SN:4 - ID:8010365
Egypt's foreign currency reserves jumped by $77 million by the end of June to reach $44.351 billion, the Central Bank of Egypt (CBE) said in a statement on Thursday. By the end of May, the country's foreign reserves registered $44.274 billion. ....
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Dollar exchange rate continues downward trend at Egypt's major banks
Date: 2019-07-03 20:27:48 GMT - Egypt - Economy - SN:7 - ID:8008824
The US dollar exchange rate continued its downward trend during transactions at major banks on Wednesday. It dropped 125 piasters since the start of the year. At the National Bank of Egypt and Banque Misr, the dollar rate went down by two ....
