Economy

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  • Telecom Egypt : Net profit reached EGP 2.1bn in Q1 2021

    Telecom Egypt : Net profit reached EGP 2.1bn in Q1 2021

    Date: 2021-05-11 07:40:53 GMT - Egypt - Economy - SN:6 - ID:8951985

    Telecom Egypt on Monday announced its Q1 2021 results for the period ending 31 March 2021, saying its net profit reached EGP 2.1 billion, growing 62% YoY, thanks to strong operational results. In a press release on Q1 2021 key highlights, it said ....

  • Finance min.: Int’l institutions confident of Egypt’s economy to overcome Covid-19 crisis

    Finance min.: Int’l institutions confident of Egypt’s economy to overcome Covid-19 crisis

    Date: 2021-05-08 18:41:25 GMT - Egypt - Economy - SN:3 - ID:8948396

    Finance Minister Mohamed Maait said on Saturday that the decision of Standard and Poor's (S&P) to keep Egypt’s credit rating in domestic and hard currencies at B level reflects the confidence of international institutions and credit rating ....

  • Finance min.: Automating real estate tax management system to facilitate access to access to e-services

    Finance min.: Automating real estate tax management system to facilitate access to access to e-services

    Date: 2021-05-04 10:32:58 GMT - Egypt - Economy - SN:6 - ID:8941510

    Finance Minister Mohamed Maait said that the national project to modernize and automate the real estate tax management system focuses on simplifying, integrating and digitizing procedures in order to enhance governance and to facilitate access to ....

  • Cooperation protocol on providing new e-services for pensioners

    Cooperation protocol on providing new e-services for pensioners

    Date: 2021-04-07 12:02:19 GMT - Egypt - Economy - SN:5 - ID:8896898

    The Central Bank of Egypt (CBE) announced signing a cooperation agreement with the National Telecommunication Regularity Authority (NTRA) and the National Organization for Social Insurance to help pensioners obtain their financial dues and proceed ....

  • All payroll cards to be replaced with Meeza by end of Dec. -- Minister

    All payroll cards to be replaced with Meeza by end of Dec. -- Minister

    Date: 2021-02-23 09:00:36 GMT - Egypt - Economy - SN:6 - ID:8813388

    Finance Minister Mohamed Maeet said Tuesday that all payroll cards of civil servants will, by the end of December, have been exchanged with Meeza, free prepaid cards that are only used inside Egypt. The contactless smart chip cards will allow the ....

  • Bitcoin price breaches $55,000 for first time ever

    Bitcoin price breaches $55,000 for first time ever

    Date: 2021-02-20 08:19:44 GMT - USA - Economy - SN:2 - ID:8808228

    Bitcoin hit a new high on Friday, giving it a market value of more than $1tn for the first time, The Guardian reported. Bitcoin rose 6.4% during trading on Friday to reach an all-time high above $55,000, and was on track for a weekly gain of ....

  • NBE proceeds with issuing high-return platinum certificates

    NBE proceeds with issuing high-return platinum certificates

    Date: 2021-02-02 07:15:52 GMT - Egypt - Economy - SN:5 - ID:8779575

    The National Bank of Egypt (NBE) proceeds with issuing platinum saving certificates of high return up to 11 percent, NBE vice president Yahia Abul Fotouh said. He told MENA on Monday that there is a high demand by citizens and clients on the ....

  • Egyptian expats remit $27.1 bn in 11 months - CBE

    Egyptian expats remit $27.1 bn in 11 months - CBE

    Date: 2021-02-02 07:08:51 GMT - Egypt - Economy - SN:4 - ID:8779565

    The Central Bank of Egypt (CBE) announced on Monday that the period from January to November 2020 witnessed an increase in the total remittances of Egyptians abroad by $2.9 billion, at a rate of 11.9%, reaching $27.1 billion compared to $24.2 ....

  • Food Export Council: Dry, green beans excluded from export bean ban

    Food Export Council: Dry, green beans excluded from export bean ban

    Date: 2021-01-31 09:44:53 GMT - Egypt - Economy - SN:2 - ID:8776813

    Food Export Council said dry beans and canned green fava beans are excluded from ministerial decision No.13 for the Year 2021 on beans exportation ban. A statement issued by the council Sunday said the decision came to mitigate financial ....

  • Planning minister announces launch of IPOs of NI Capital

    Planning minister announces launch of IPOs of NI Capital

    Date: 2021-01-10 11:15:24 GMT - Egypt - Economy - SN:2 - ID:8745959

    Planning Minister Hala el Saeid has announced the launch of initial public offerings (IPOs) of NI Capital, an investment arm of the National Investment Bank, whose board she also chairs. The IPOs start from a minimum of 1,000 pounds with no ....

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