Economy

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  • CBE governor says no Egyptian banks taking part in Ethiopia Dam funding

    Date: 2017-12-10 08:06:05 GMT - Egypt - Economy - SN:2 - ID:7132776

    Governor of the Central Bank of Egypt (CBE) Tarek Amer denied media reports that some Egyptian banks are taking part in financing Ethiopia's controversial Renaissance Dam. Speaking to MENA, Amer dismissed as groundless media reports that some ....

  • Egypt-Chad road project on agenda of Africa 2017 forum

    Date: 2017-12-09 11:55:08 GMT - Egypt - Economy - SN:5 - ID:7131679

    The federations of Egyptian and African chambers of commerce met Saturday to discuss means of boosting trade exchange. The meeting, held as part of the Africa 2017 forum, also focused on a project to establish a road connecting Egypt and Chad. ....

  • WB CEO: Gov’t policies helped Egypt become favored hub for investment

    Date: 2017-12-08 14:15:40 GMT - Egypt - Economy - SN:12 - ID:7130453

    Chief Executive Officer of the World Bank (WB) Kristalina Georgieva asserted on Friday that the Egyptian government's successful policies have helped the country to become a favored hub for investment. Speaking at a session on the fourth ....

  • Afreximbank, EBE sign agreement worth dlrs 500 mln

    Date: 2017-12-08 14:04:12 GMT - Egypt - Economy - SN:9 - ID:7130443

    The African Export-Import Bank (Afreximbank) on Friday signed an agreement with Export Development Bank of Egypt (EBE). Under the agreement Afreximbank will extend dlrs 500 million to the EBE to boost exports and investments of the Egyptian ....

  • Egypt to receive third batch of WB loan

    Date: 2017-12-08 09:53:25 GMT - Egypt - Economy - SN:7 - ID:7129959

    Acting Prime Minister Mostafa Madboutli, who is also Minister of Housing, on Friday attended the signing ceremony of an agreement on receiving the third batch of a loan by the World Bank worth 1.150 billion dollars. The ceremony was held on the ....

  • National Bank: Value of SME in Egypt hits EGP 33bn

    Date: 2017-12-08 09:14:38 GMT - Egypt - Economy - SN:6 - ID:7129865

    Chairman of the National Bank of Egypt Hisham Okasha said that the portfolio of small and medium sized enterprises in Egypt hit 33 billion pounds. In statements to MENA on the sidelines of Africa 2017 Conference, he added that up to 75-80 percent ....

  • COMESA: Africa has 30% of world mineral resources

    Date: 2017-12-08 09:09:00 GMT - Egypt - Economy - SN:3 - ID:7129796

    The African continent has 30 percent of the total mineral resources in the world, said Heba Salama, the head of the Regional Agency for Investment, an affiliate with the Common Market for Eastern and Southern Africa (COMESA). In statements to ....

  • AUC president: Egypt has positive impact on region

    Date: 2017-12-08 08:46:57 GMT - Egypt - Economy - SN:1 - ID:7129774

    President of the American University in Cairo (AUC) Francis Ricciardone said that Egypt has a positive impact on the region. In statements to MENA on Friday on the sidelines of Africa 2017 Conference, that is held here under the auspices of ....

  • CBE: $600m paid back to African Bank for Import & Export

    Date: 2017-12-06 15:12:12 GMT - Egypt - Economy - SN:19 - ID:7126819

    The Central Bank of Egypt (CBE) said that 600 million dollars were paid back to the African Bank for Import and Export taking up the total repaid funds to the bank to 2.6 billion dollars. CBE Chairman Tarek Amer said in statements to MENA that ....

  • All EGX indexes down, benchmark declines 0.8 pct

    Date: 2017-12-06 15:08:18 GMT - Egypt - Economy - SN:18 - ID:7126791

    The Egyptian Exchange (EGX) indexes went down collectively at the close of Wednesday's trading, amid sales in transactions of foreign institutions and investment funds. The market capital lost about EGP 4.3 billion, registering EGP 793.9 billion, ....

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