Economy

  • Service : English
  • Category : Economy
  • Reports on directing banks to freeze deposits for real estate tax baseless- CBE official

    Date: 2018-08-09 21:03:23 GMT - Egypt - Economy - SN:14 - ID:7526844

    Vice President of Council of State and legal adviser of the Central Bank of Egypt Tamer el Daqaq Thursday dismissed reports claiming that the banks were directed to freeze clients' deposits for the purpose of collecting real estate taxes. Social ....

  • CBE: Annual inflation rate drops by 8.5% in July

    Date: 2018-08-09 17:46:15 GMT - Egypt - Economy - SN:6 - ID:7526660

    Egypt's inflation rate decreased by 8.5 percent on a year-over-year basis in July against 10.9 percent in June, the Central Bank of Egypt (CBE) said in a statement on Thursday. Egypt's urban consumer price stood at 0.6 percent in July against 1.6 ....

  • Amer: First unified African central bank to be established by 2043

    Date: 2018-08-09 17:16:03 GMT - Egypt - Economy - SN:4 - ID:7526629

    Governor of the Central Bank of Egypt (CBE) Tarek Amer said on Thursday that the first unified African central bank will be established by 2043 with the issuance of a unified African currency. The move needs accord and a political will from the ....

  • $120 bln inflows in economy after IMF deal- CBE governor

    Date: 2018-08-08 21:01:21 GMT - Egypt - Economy - SN:14 - ID:7525305

    The Egyptian economy had more than 120-billion-dollar inflows after the signing of the IMF deal at the end of 2016, Central Bank of Egypt (CBE) governor Tarek Amer said Wednesday. During a speech before the participants at a meeting of the ....

  • New projects in East Port Said industrial zone: Mamish

    Date: 2018-08-08 18:00:17 GMT - Egypt - Economy - SN:10 - ID:7525142

    East Port Said industrial zone is to witness several new projects to be initiated once the ongoing soil improvement process is over, said Mohab Mamish, Chairman of ​​​​​​​​the Suez Canal Special Economic Zone (SCZone) on Wednesday. The SCA ....

  • Dollar exchange rate stable at major banks in Egypt

    Date: 2018-08-08 11:54:30 GMT - Egypt - Economy - SN:4 - ID:7524508

    The exchange rate of the US dollar was relatively stable during transactions on Wednesday at major banks. The dollar exchange rate settled at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt and Banque Misr. At ....

  • Dollar exchange rate stable at major Egyptian banks

    Date: 2018-08-07 13:40:14 GMT - Egypt - Economy - SN:17 - ID:7523102

    The exchange rate of the US dollar was relatively stable during transactions on Tuesday at major banks. The dollar exchange rate settled at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt. At Banque Misr, the rate ....

  • WB: Egypt's economic indicators show marked improvement

    Date: 2018-08-06 19:15:31 GMT - Egypt - Economy - SN:14 - ID:7522013

    The World Bank Vice President for Africa Hafez Ghanem stressed that Egypt witnessed a marked improvement in its economic indicators reflected by the increase in growth rates and cash reserves. This improvement qualifies the Egyptian market to ....

  • Bourse loses EGP 4.5 bln, all indexes fall back

    Date: 2018-08-06 18:43:02 GMT - Egypt - Economy - SN:13 - ID:7521990

    The Egyptian Exchange indexes posted collective losses at the close of Monday's trading, prompted by selling operations by Arab institutions and investment funds besides Egyptian investors. The market capital lost EGP 4.5 billion to reach EGP ....

  • Spokesman - Sisi, Amer probe economic reform program

    Date: 2018-08-06 16:59:43 GMT - Egypt - Economy - SN:7 - ID:7521839

    President Abdel Fattah El Sisi's meeting with Central Bank of Egypt Governor Tarek Amer on Monday covered measures taken by the bank to help implement the economic reform program in Egypt and maintain financial and monetary stability, Presidency ....

Middle East News Agency © - designed and developed : GCSSD
Intellectual Property Rights reserved to GCSSD