Economy

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  • Category : Economy
  • Finance Ministry: Customs dollar price fixed at EGP 16 during January

    Date: 2017-12-31 13:07:04 GMT - Egypt - Economy - SN:7 - ID:7167893

    The customs dollar exchange rate will be fixed at 16 pounds during January 2018, the Finance Ministry said Sunday. The decision to maintain the price of the customs dollar comes in light of a stable exchange rate of currencies, a statement by ....

  • Dollar exchange rate stable at Egypt's major banks

    Date: 2017-12-31 10:28:56 GMT - Egypt - Economy - SN:5 - ID:7167542

    The US dollar exchange rate was stable during morning transactions at major banks on Sunday. The dollar exchange rate was stable at EGP 17.69 for buying and 17.79 for selling at the National Bank of Egypt and Banque Misr. The dollar exchange ....

  • Handicrafts council seeks 10-percent jump in exports

    Date: 2017-12-30 19:22:00 GMT - Egypt - Economy - SN:11 - ID:7166982

    The Egyptian Export Council for Handicrafts (EECH) seeks a 10-percent jump in exports in 2018, according to its undersecretary Hisham el Gazzar. The volume dropped 33% in 2016 to $230 million From $342 million in 2015, Gazzar told MENA on ....

  • Egypt pays back 2 billion dollars in debts to int'l bodies in December

    Date: 2017-12-29 13:53:13 GMT - Egypt - Economy - SN:8 - ID:7165018

    The Central Bank of Egypt (CBE) repaid about 2 billion dollars in Egypt’s debts to international bodies in December, a senior official said on Friday. Of the total, 1.2 billion dollars were paid back to the African Export-Import Bank ....

  • Dollar exchange rate stable at Egypt's major banks

    Date: 2017-12-28 10:43:00 GMT - Egypt - Economy - SN:9 - ID:7163219

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Thursday. The dollar exchange rate was stable at EGP 17.69 for buying and 17.79 for selling at the National Bank of Egypt and Banque Misr. The ....

  • CBE: Banks financed foreign trade with $70.8bn since Nov., 2016

    Date: 2017-12-27 12:28:55 GMT - Egypt - Economy - SN:17 - ID:7161703

    The Central Bank of Egypt (CBE) said on Wednesday that banks have financed foreign trade with 70.8 billion dollars since the liberalization of the exchange rate on November 3, 2016 and until December 14 of the current year. The figure was ....

  • EGX trades sideways, benchmark up 0.5 pct

    Date: 2017-12-26 14:53:27 GMT - Egypt - Economy - SN:24 - ID:7160408

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Tuesday's trading amid purchase operations by Arab and foreign institutions and investment funds. Meanwhile, sales prevailed in transactions of Egyptian ....

  • EGX leads world bourses for 5th successive year

    Date: 2017-12-26 13:12:51 GMT - Egypt - Economy - SN:17 - ID:7160134

    The Egyptian Exchange (EGX) achieved record gains in 2017, with the main benchmark index, EGX 30, increasing by a whopping 19 percent. This has placed EGX on top of the list of Arab bourses in 2017 and as best performance at the international ....

  • Egyptian economy in 2017 stronger - minister

    Date: 2017-12-26 10:45:53 GMT - Egypt - Economy - SN:11 - ID:7159829

    Steps taken by the government in 2017 in implementation of the economic reform program have started to bear fruit, given economic indices in the various arenas. The beginning of 2017 was also the start of measures taken by the government late in ....

  • Dollar exchange stable at Egypt's major banks

    Date: 2017-12-26 10:39:58 GMT - Egypt - Economy - SN:9 - ID:7159813

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Tuesday. The dollar exchange rate stood at EGP 17.70 for buying and EGP 17.80 for selling at Banque Misr. The dollar exchange rate was stable at ....

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