Economy

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  • Category : Economy
  • Amer: CBE targets reducing inflation rate to 13% in mid 2018

    Date: 2017-11-23 15:50:11 GMT - Lebanon - Economy - SN:16 - ID:7105366

    The Central Bank of Egypt (CBE) is seeking to reduce the inflation rate to 13% in mid 2018, its governor Tareq Amer announced on Thursday. Speaking to reporters on the sidelines of the annual conference of the Union of Arab Banks that kicked off ....

  • EGX gains EGP 9.7bn

    Date: 2017-11-22 14:21:54 GMT - Egypt - Economy - SN:19 - ID:7103643

    The Egyptian Exchange (EGX) gained 9.7 billion pounds at the end of trading on Wednesday backed by purchase operations by local and Arab investment funds. The EGX 30 benchmark index upped by 0.83 percent to reach 13,839.37 points. The broader ....

  • Dollar exchange rate stable at Egypt's major banks

    Date: 2017-11-20 10:00:46 GMT - Egypt - Economy - SN:2 - ID:7099393

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Monday. The dollar exchange rate stood at EGP 17.59 for buying and EGP 17.69 for selling at the National Bank of Egypt, the Arab African International ....

  • EGX indexes all down past week

    Date: 2017-11-17 09:40:16 GMT - Egypt - Economy - SN:6 - ID:7094980

    The Egyptian Exchange (EGX) lost about EGP 18.4 billion over the past week. The market capital declined 2.3 percent over the past week, registering EGP 771 billion, compared to EGP 789.4 billion the previous week, the EGX said in its weekly ....

  • Egypt's bourse loses EGP 4.5 billion, index down

    Date: 2017-11-16 14:14:35 GMT - Egypt - Economy - SN:21 - ID:7093960

    The Egyptian Exchange closed this week with losses amounting to EGP 4.5 billion affected by the projected decision by the Central Bank of Egypt on interest rate. Later in the day, the CBE will take its decision whether or not to cut or keep the ....

  • Dollar exchange rate stable at Egypt's major banks

    Date: 2017-11-16 12:44:34 GMT - Egypt - Economy - SN:5 - ID:7093480

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Thursday. The dollar exchange rate stood at EGP 17.58 for buying and EGP 17.68 for selling at the National Bank of Egypt, Banque Misr, Banque Du ....

  • EGX benchmark index down 0.76 pct

    Date: 2017-11-15 14:28:10 GMT - Egypt - Economy - SN:13 - ID:7092272

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Wednesday's trading. The market capital reached EGP 775.5 billion, after transactions hit EGP 1.4 billion. The EGX 30 benchmark index declined 0.76 percent, standing ....

  • New UK investments in Egypt hitting dlrs43bn -- ambassador

    Date: 2017-11-15 14:25:51 GMT - Egypt - Economy - SN:10 - ID:7092227

    British Ambassador in Cairo John Cassan said on Wednesday that new British investments worth dlrs 43 billion will be channeled to Egypt in the coming phase especially in the fields of energy, infrastructure, education and financial ....

  • Dollar exchange rate stable at Egypt's banks

    Date: 2017-11-15 11:30:42 GMT - Egypt - Economy - SN:3 - ID:7091694

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Wednesday. The dollar exchange rate stood at EGP 17.58 for buying and EGP 17.68 for selling at the National Bank of Egypt, Banque Misr, Banque Du ....

  • CBE: Deposits at banks surged by EGP 53 bln in August

    Date: 2017-11-14 14:53:46 GMT - Egypt - Economy - SN:22 - ID:7090637

    The Central Bank of Egypt (CBE) announced Tuesday that total deposits at the banking sector rose by EGP 53 billion in August 2017, recording EGP 3.124 trillion, up from EGP 3.071 trillion in July. In a report, a copy of which was obtained by ....

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