Economy

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  • EGX loses EGP 18.3bn

    EGX loses EGP 18.3bn

    Date: 2018-11-25 16:16:00 GMT - Egypt - Economy - SN:4 - ID:7685975

    The Egyptian Exchange (EGX) lost about 18.3 billion pounds at the close of trading Sunday amid sales operations by local, Arab and foreign institutions. The main benchmark EGX 30 index went down by 3.82 percent reaching 1,3153.55 points. The ....

  • Planning min. opens

    Planning min. opens "Egypt Market" at ASDW 2018

    Date: 2018-11-22 15:20:08 GMT - Egypt - Economy - SN:5 - ID:7681843

    Minister of Planning, Follow-up and Administrative Reform Hala el Saeed inaugurated on Thursday "Egypt Market", an event held as part of "Egypt Day" proceedings. The event took place during the closing activities of the second edition of the Arab ....

  • New fund to support education in Egypt to be set up next year - min.

    New fund to support education in Egypt to be set up next year - min.

    Date: 2018-11-22 14:27:49 GMT - Egypt - Economy - SN:3 - ID:7681761

    Planning Minister Hala el Saeed stressed on Thursday that a new fund aiming at supporting education in Egypt will be set up mid next year. The fund, with an initial capital of 200 million pounds, will be set up by the National Investment Bank in ....

  • Egypt's bourse loses EGP 30.6 billion at end of week

    Egypt's bourse loses EGP 30.6 billion at end of week

    Date: 2018-11-22 13:55:26 GMT - Egypt - Economy - SN:2 - ID:7681694

    The Egyptian Exchange (EGX) indexes posted collective losses at the close of trading on Thursday amid selling operations by Arab and foreign institutions and investment funds. The market capital lost EGP 30.6 billion to reach EGP 763.6 billion, ....

  • CBE launches initiative with EU to back financial inclusion

    CBE launches initiative with EU to back financial inclusion

    Date: 2018-11-22 13:32:14 GMT - Egypt - Economy - SN:1 - ID:7681653

    The Central Bank of Egypt (CBE) launched on Thursday a program with the European Union to back financial inclusion and banking supervision. The 3.2-billion-euro program will be in the form of technical assistance for three years to back efforts ....

  • Bourse gains EGP 11.8 bln

    Bourse gains EGP 11.8 bln

    Date: 2018-11-18 22:53:09 GMT - Egypt - Economy - SN:5 - ID:7676155

    The Egyptian Exchange indexes posted collective gains at the close of Sunday's trading, backed by purchases by Egyptian institutions and investment funds, while the Arab and foreign investors tended to sell. The market capital gained EGP 11.8 ....

  • CBE says remittances of expats hit $5.9bn during Q1 of 2018-2019

    CBE says remittances of expats hit $5.9bn during Q1 of 2018-2019

    Date: 2018-11-18 22:24:45 GMT - Egypt - Economy - SN:4 - ID:7676151

    The Central Bank of Egypt (CBE) said Sunday that remittances of Egyptians abroad upped during the first quarter of the current fiscal year 2018-2019 by 1.5 percent, reaching 5.9 billion dollars. In a statement, the CBE said that the remittances ....

  • Finance Ministry targets reducing budget deficit to 7% in 2019/2020

    Finance Ministry targets reducing budget deficit to 7% in 2019/2020

    Date: 2018-11-14 22:52:23 GMT - Egypt - Economy - SN:21 - ID:7670602

    The 2019-2020 draft state budget targets bringing down the total deficit to 7% out of the gross domestic product (GDP), compared with 8.4% in the current fiscal year. The draft budget targets that the GDP would reach about EGP 6.2 trillion with ....

  • Finance Ministry issues draft 2019/2020 state budget

    Finance Ministry issues draft 2019/2020 state budget

    Date: 2018-11-14 19:47:02 GMT - Egypt - Economy - SN:14 - ID:7670527

    The Ministry of Finance Wednesday issued a statement on the fiscal 2019/2020 state budget. The draft budget aims to provide and improve several basic services, mainly health, education, low-income and youth social housing, public transportation, ....

  • Dollar prices stable at major banks in Egypt

    Dollar prices stable at major banks in Egypt

    Date: 2018-11-14 10:29:01 GMT - Egypt - Economy - SN:6 - ID:7669424

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

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