Economy

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  • Category : Economy
  • IMF hails continuous economic improvement in Egypt

    Date: 2018-07-03 07:02:56 GMT - USA - Economy - SN:2 - ID:7470687

    The International Monetary Fund (IMF) has hailed the economic situation in Egypt thanks to economic reforms and measures taken by the government. Speaking following the IMF Executive Board discussion on Egypt, David Lipton, First Deputy Managing ....

  • Finance Ministry to auction EGP 182 bln T-bonds in July

    Date: 2018-07-01 12:46:29 GMT - Egypt - Economy - SN:7 - ID:7468279

    The Finance Ministry said on Sunday it will auction treasury bonds at a total value of EGP 182 billion in July. In an online statement on Sunday, the ministry said it will sell 41.5, 41.5, 40.250, 42.750 billion pounds of 91, 182, 273, 364-day ....

  • no increase in food prices after fuel hikes: Supply min.

    Date: 2018-06-28 12:20:40 GMT - Egypt - Economy - SN:13 - ID:7464253

    The Supply Ministry announced on Thursday that the prices of food commodities will not change after the latest rise in fuel prices, upon agreement with the Federation of Egyptian Industries (FEI) and the Federation of Egyptian Chambers of Commerce ....

  • Min.: Egypt's commodity exports to Russia hit $ 284 mln in 2018 Q1

    Date: 2018-06-28 10:32:17 GMT - Egypt - Economy - SN:11 - ID:7463932

    The volume of Egypt's commodity exports to the Russian market in the first quarter of 2018 reached USD 284 million, with an increase of 41 % from the same period in 2017, Trade and Industry Minister Amr Nassar revealed on Thursday. Egypt's ....

  • Dollar prices stable at Egypt's major banks

    Date: 2018-06-28 10:26:08 GMT - Egypt - Economy - SN:10 - ID:7463915

    The exchange rate of the US dollar was relatively stable during morning transactions at major banks on Thursday. The dollar exchange rate stood at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt and Banque Misr. ....

  • Gov't committed to program for floating shares of state-owned firms at EGX - min.

    Date: 2018-06-28 10:02:10 GMT - Egypt - Economy - SN:8 - ID:7463853

    Finance Minister Mohamed Maait stressed the government's commitment to implementing a program for floating shares of state-owned companies at Egypt Exchange (EGX) soon. The ministry has taken all needed measures to start implementing the program ....

  • WB allocates dlrs 530 million for improving Egyptian public health system

    Date: 2018-06-28 08:47:20 GMT - USA - Economy - SN:4 - ID:7463696

    The World Bank announced on Thursday a new 530-million-dollar project to support Egypt’s national goal of improving public healthcare, including expanding family planning services, scaling up its groundbreaking Hepatitis C program, and supporting ....

  • Egyptian bourse loses EGP 12.3bn

    Date: 2018-06-26 15:38:41 GMT - Egypt - Economy - SN:15 - ID:7461274

    The Egyptian Exchange indexes thudded down at the closing of Tuesday's trading session, amid selling operations by Arab and foreign investment funds and institutions. The market capital lost EGP 12.3 billion to reach EGP 902.7 billion amid ....

  • World Bank loan to support poverty reduction in China's Guangxi

    Date: 2018-06-25 11:35:03 GMT - China - Economy - SN:13 - ID:7458943

    The World Bank has approved a loan of 400 million U.S. dollars to help poverty reduction in southwest China's Guangxi Zhuang Autonomous Region, Xinhua reported. The bank gave the nod to the first Program-for-Results (PforR) poverty reduction ....

  • EGX shows mixed performance

    Date: 2018-06-20 15:15:51 GMT - Egypt - Economy - SN:6 - ID:7452069

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Wednesday's trading, amid purchase operations by Arab and local institutions and investment funds, while sales prevailed in transactions of foreign investors. The market ....

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