Economy

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  • Category : Economy
  • Egypt, Russia trade exchange hit $ 2.7 between January-May 2018

    Date: 2018-07-21 08:39:19 GMT - Egypt - Economy - SN:1 - ID:7498257

    Trade exchange between Egypt and Russia hit 2.775 billion dollars during the first five months of 2018, recording an increase of 31.5 percent in comparison with the same period in 2017, the Trade Representation Office of the Russian Federation in ....

  • Gold price in Egypt hits its lowest level in a year

    Date: 2018-07-18 12:22:09 GMT - Egypt - Economy - SN:6 - ID:7494410

    Gold prices went down at the end of Wednesday's trading recording their lowest level in a year affected by decreasing prices in the international market and an increase in the dollar exchange rate. In statements on Wednesday, the deputy head of ....

  • CBE expects remittances of Egyptian expats to record $26bn by end of FY 2017/2018

    Date: 2018-07-17 15:17:17 GMT - Egypt - Economy - SN:13 - ID:7493195

    The Central Bank of Egypt (CBE) expected on Tuesday remittances of Egyptians abroad to hit a high record of $26 billion by the end of the 2017/2018 fiscal year. In a statement, the CBE said that the remittances of Egyptians working abroad ....

  • Egypt most attractive to investments in Arab world - UAC chief

    Date: 2018-07-17 09:31:29 GMT - Lebanon - Economy - SN:6 - ID:7492283

    Secretary General of the Union of Arab Chambers (UAC) Khaled Hanafy underlined that Egypt is the most attractive to investments in the Arab world in view of its political and financial stability as well as the unprecedented leap its investment ....

  • IMF gives Egypt strong marks in third program review

    Date: 2018-07-12 20:26:51 GMT - USA - Economy - SN:16 - ID:7486154

    The International Monetary Fund (IMF) maintained a favorable outlook for Egypt's economy in its third major review of the country's loan program on Thursday, Nasdaq reported. The IMF said Egypt reduced its overall current account deficit to 2.6 ....

  • Dollar prices stable at major banks in Egypt

    Date: 2018-07-12 12:28:26 GMT - Egypt - Economy - SN:8 - ID:7485380

    The exchange rate of the US dollar was relatively stable during end of the week transactions at major banks on Thursday. 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 ....

  • CBE: Annual inflation rate down to 10.9 percent in June

    Date: 2018-07-10 12:26:55 GMT - Egypt - Economy - SN:10 - ID:7482118

    Egypt's inflation rate plunged on a year-over-year basis to 10.9 percent in June against 11.1 percent in May, the Central Bank of Egypt said in a press release on Tuesday. On a month-over-month basis, the consumer price index stood at 1.6 percent ....

  • Bourse loses EGP 14 bln, all indexes fall back

    Date: 2018-07-08 14:10:57 GMT - Egypt - Economy - SN:6 - ID:7479086

    The Egyptian Exchange indexes posted collective losses at the close of Sunday's trading, prompted by selling operations by domestic institutions and investment funds. The market capital lost EGP 14 billion to reach EGP 884.5 billion amid ....

  • Dollar prices stable at Egypt's major banks

    Date: 2018-07-05 12:14:30 GMT - Egypt - Economy - SN:10 - ID:7474691

    The exchange rate of the US dollar was relatively stable during end of the week transactions at major banks on Thursday. 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 ....

  • Fourth tranche of IMF loan to cover budget deficit - official

    Date: 2018-07-05 11:50:20 GMT - Egypt - Economy - SN:8 - ID:7474620

    The deputy finance minister for financial policies, Ahmed Kouchouk, said the fourth tranche of the International Monetary Fund (IMF) loan to Egypt will cover the state budget deficit. Egypt received on Friday the fourth tranche valued $2 billion ....

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