Economy

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  • NBE, Banque Misr garner over EGP 423 bln from 18% saving certificates in 2 weeks

    NBE, Banque Misr garner over EGP 423 bln from 18% saving certificates in 2 weeks

    Date: 2022-04-05 06:22:17 GMT - Egypt - Economy - SN:2 - ID:9506461

    The National Bank of Egypt (NBE) and Banque Misr announced Monday that the proceeds of the one-year saving certificates with a 18 percent return, launched on March 21, amounted to EGP 423 billion by the end of the day and in a span of two weeks. ....

  • Dollar exchange rate stable at Egypt major banks at start of transactions

    Dollar exchange rate stable at Egypt major banks at start of transactions

    Date: 2022-03-29 09:51:19 GMT - Egypt - Economy - SN:8 - ID:9495607

    The US dollar exchange rate was stable on Tuesday at the early transactions at Egypt's major banks, after the Central Bank of Egypt increased the interest rate by 1%. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained ....

  • Dollar exchange rate maintains increase against pound

    Dollar exchange rate maintains increase against pound

    Date: 2022-03-22 09:25:53 GMT - Egypt - Economy - SN:6 - ID:9482795

    The US dollar maintained an increase by 2.50 to 2.55 points against the Egyptian pound following a decision by the Central Bank of Egypt (CBE) to increase the interest rate by 1 pecent. At the National Bank of Egypt (NBE) and Banque Misr, the ....

  • Petroleum min., Methanex Corporation, ILO discuss boosting bilateral cooperation

    Petroleum min., Methanex Corporation, ILO discuss boosting bilateral cooperation

    Date: 2022-03-15 09:38:14 GMT - Egypt - Economy - SN:10 - ID:9470085

    Petroleum Minister Tareq el Mulla had talks on Tuesday with a delegation from "Methanex" Corporation", the world's largest producer and supplier of methanol, and representatives of the International Labor Organization (ILO) and the Canadian embassy ....

  • US dollar price stable at Egypt's major banks

    US dollar price stable at Egypt's major banks

    Date: 2022-03-15 09:34:37 GMT - Egypt - Economy - SN:9 - ID:9470082

    The US dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. The stability in the foreign exchange market was attributed to the increase of Egypt's foreign currency reserves, the economic reform measures ....

  • SCA closely follows up on world trade movement

    SCA closely follows up on world trade movement

    Date: 2022-03-15 09:15:33 GMT - Egypt - Economy - SN:8 - ID:9470024

    The Suez Canal Authority (SCA) is closely following up the world trade movement, said SCA Chairman Osama Rabie. It is also reviewing constantly the transit fees for ships passing through the canal, which is one of the world's most important ....

  • Banks' loan portfolio for MSMEs up by $316 billion in 5 years -- CBE

    Banks' loan portfolio for MSMEs up by $316 billion in 5 years -- CBE

    Date: 2022-03-15 06:48:47 GMT - Egypt - Economy - SN:6 - ID:9469671

    The volume of increase in banks' loan portfolio for micro, small, and medium sized enterprises (MSMEs) surpassed $316 billion by the end of December, up by 250 per cent compared to December 2015, the Central Bank of Egypt (CBE) announced ....

  • UAE Chief of Staff receives Commander of US Central Command

    UAE Chief of Staff receives Commander of US Central Command

    Date: 2022-02-08 08:20:26 GMT - United Arab Emirates - Economy - SN:4 - ID:9406479

    Lt. Gen. Hamad Mohammed Thani al-Rumaithi, Chief of Staff of the UAE Armed Forces, Tuesday received General Kenneth F. McKenzie, Commander of United States Central Command, WAM reported. During their meeting, they discussed aspects of cooperation ....

  • US dollar price stable at Egypt's major banks

    US dollar price stable at Egypt's major banks

    Date: 2021-12-14 10:14:37 GMT - Egypt - Economy - SN:8 - ID:9318265

    The US dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording EGP 15.64 for buying and EGP 15.74 for ....

  • Amendments to VAT law proposed upon Sisi's directives: minister

    Amendments to VAT law proposed upon Sisi's directives: minister

    Date: 2021-12-14 06:49:47 GMT - Egypt - Economy - SN:1 - ID:9317750

    Minister of Finance Mohamed Maait said the amendments proposed to some provisions of the value-added tax (VAT) law come in accordance with President Abdel Fattah El Sisi’s relevant directives, and the State’s commitment to upgrading the tax system, ....

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