Economy

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  • Category : Economy
  • World Bank president praises economic reforms in Egypt

    Date: 2018-04-24 16:18:12 GMT - Egypt - Economy - SN:30 - ID:7367992

    World Bank President Jim Yong Kim lauded recent economic reforms in Egypt. "The country's progress presents an opportunity for more private sector-led job creation and growth and investments in quality education will equip young Egyptians with ....

  • CBE: Banks close Wednesday on Sinai Liberation Day

    Date: 2018-04-24 13:51:33 GMT - Egypt - Economy - SN:22 - ID:7367688

    The Central Bank of Egypt (CBE) decided Tuesday that all banks will be on holiday on the occasion of Sinai Liberation Day. They will resume work on Thursday. ....

  • Fahmy: We have for first time database for garbage

    Date: 2018-04-24 12:41:34 GMT - Egypt - Economy - SN:19 - ID:7367440

    Minister of Environment Khaled Fahmy on Tuesday said that his ministry has for the first time a database for the garbage problem in Egypt. The remark was made at the general session of the House of Representatives to answer questions by MPs on ....

  • Dollar price stable at major banks during morning trading

    Date: 2018-04-24 12:17:21 GMT - Egypt - Economy - SN:16 - ID:7367364

    The US dollar exchange rate was stable at major banks during morning trading on Tuesday. The dollar rate stood at EGP 17.57 for buying and EGP 17.67 for selling at the National Bank of Egypt and Banque Misr. At Alexandria Bank and the Arab ....

  • Egypt's economic reform program made progress: IMF official

    Date: 2018-04-20 19:40:07 GMT - USA - Economy - SN:16 - ID:7361206

    Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour said the Egyptian government's economic reform program has made progress and measures taken by Cairo were successful. During a press ....

  • Trade exchange between Egypt, EU hits €28 bln in 2017

    Date: 2018-04-20 11:46:52 GMT - Egypt - Economy - SN:5 - ID:7360478

    The volume of trade exchange between Egypt and the EU countries registered €28 billion in 2017, up from €27.3 billion a year earlier, Minister of Trade and Industry Tareq Qabil said in a statement Friday. This increase was a result of the huge ....

  • Dollar rate stable at major banks

    Date: 2018-04-19 12:42:54 GMT - Egypt - Economy - SN:13 - ID:7358920

    The US dollar exchange rate was stable at major banks on Thursday. The dollar rate stood at EGP 17.57 for buying and EGP 17.67 for selling at the National Bank of Egypt and Banque Misr. At Banque du Caire and Abu Dhabi Islamic Bank, the rate ....

  • Oil Minister confers with top officials of Shell, Edison companies

    Date: 2018-04-19 11:30:03 GMT - Egypt - Economy - SN:10 - ID:7358733

    Minister of Petroleum Tarek el Mullah on Thursday conferred with Deputy Chief Executive Officer (CEO) of Shell International Petroleum Company Sami Iskander and Chairman of Shell Egypt Company Gasser Hantar on the work schedule of a Mediterranean ....

  • Garhy: New budget targets 5.8% economic growth, 9.7% unemployment rate

    Date: 2018-04-19 10:31:31 GMT - USA - Economy - SN:7 - ID:7358577

    Finance Minister Amr el Garhy said the International Monetary Fund (IMF) forecasts for Egypt's economic growth rate hit 5.2 percent in the current fiscal year, expecting the rate to reach 5.8 percent in the coming budget of the Egyptian ....

  • Egypt owns needed criteria to be regional hub for oil, gas trading

    Date: 2018-04-17 12:08:55 GMT - Egypt - Economy - SN:17 - ID:7355231

    Petroleum Minister Tareq el Mulla asserted that, in addition to its unique strategic location, Egypt owns all criteria enabling it to be a regional hub for oil and gas trading, with the aim to make the best use of the resources available in the ....

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