Economy

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  • Category : Economy
  • Sisi directs gov. to continue efforts of settling tax disputes

    Date: 2019-01-20 19:35:55 GMT - Egypt - Economy - SN:2 - ID:7766639

    President Abdel Fattah El Sisi directed Sunday the government to continue efforts aimed at settling all the running tax disputes. Sisi’s directions came during his meeting with Prime Minister Mustafa Madbouli, Finance Minister Mohamed Maait, ....

  • Egyptian bourse gains EGP 2.6bn

    Date: 2019-01-15 13:42:41 GMT - Egypt - Economy - SN:9 - ID:7758517

    The performance of the Egyptian Exchange (EGX) indexes varied on Tuesday amid selling and purchasing operations by Arab and foreign investors on on one hand and local investment funds on the other. The market capital gained EGP 2.6 billion to ....

  • CBE: Surplus of Egypt's balance of payments hits $284.1 mln in July-Sept

    Date: 2019-01-10 17:11:40 GMT - Egypt - Economy - SN:1 - ID:7751526

    Egypt's balance of payments has hit an overall surplus of $284.1 million during the first quarter of the 2018/2019 fiscal year, the Central Bank of Egypt (CBE) said in a report Thursday. The current account deficit steadied at $1.8 billion ....

  • Sisi directs ministers to cut public debt, budget deficit

    Date: 2019-01-03 18:20:13 GMT - Egypt - Economy - SN:4 - ID:7742039

    President Abdel Fattah El Sisi issued directives to officials to exert further efforts to reduce public debt and slash budget deficit through proceeding with the comprehensive economic reform program and focusing on its various institutional, ....

  • EGX attracted 24,000 new investors in 2018- bourse head

    Date: 2019-01-03 17:37:00 GMT - Egypt - Economy - SN:3 - ID:7742003

    Head of the Egyptian Stock Exchange (EGX) Mohamed Farid on Thursday said the Egyptian capital market in 2018 succeeded in attracting 24,000 new Egyptian, Arab and foreign investors, as well as 1,187 Egyptian, Arab and foreign funds and ....

  • Sisi orders optimizing Egypt petroleum resources

    Date: 2019-01-02 17:29:05 GMT - Egypt - Economy - SN:3 - ID:7740637

    President Abdel Fattah el Sisi ordered the government on Wednesday to continue oil exploration as part of the state's efforts to make the utmost use of Egypt's petroleum resources. This came during the president's meeting with Prime Minister ....

  • Trade min. issues decision restructuring export councils

    Date: 2019-01-02 17:23:52 GMT - Egypt - Economy - SN:2 - ID:7740622

    Trade and Industry Minister Amr Nasar issued a decision on Wednesday restructuring the export councils and reducing their numbers from 16 to 12. In a statement, the Trade and Industry Ministry said that the decision stipulates merging the three ....

  • Hermes expects no big change in pound exchange rate

    Date: 2019-01-01 14:30:00 GMT - Egypt - Economy - SN:1 - ID:7739120

    Hermes Financial Group on Tuesday said it does not expect any big change to take place in the Egyptian pound exchange rate compared to the dollar in 2019. Ahmed Shams, an official with the group, said that the stability of the pound exchange rate ....

  • EGX indexes show mixed performance Sunday

    Date: 2018-12-30 19:09:26 GMT - Egypt - Economy - SN:11 - ID:7736938

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading Sunday amid limited trading by investors who'd rather be cautious than sorry making business decisions before the start of 2019. The market capital was up by ....

  • Sisi directs commitment to implement economic reform program

    Date: 2018-12-30 16:35:41 GMT - Egypt - Economy - SN:2 - ID:7736785

    President Abdel Fattah El Sisi has directed committed action to achieve aspired financial and economic targets. Sisi, in a meeting with Prime Minister Moustafa Madbouli and governor of the Central Bank of Egypt Tareq Amer earlier Sunday, urged ....

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