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  • Category : Economy
  • Transport min. to MENA: Regional Ring Road saves EGP 800 mln annually

    Date: 2018-08-20 13:05:29 GMT - Egypt - Economy - SN:2 - ID:7541685

    Transport Minister Hisham Arafat asserted that the Regional Ring Road will save EGP 800 million annually for the State budget as it reduces the amount of fuel used in transferring cargo. In an interview with MENA Board Chairman and ....

  • Egypt investment min., China ambassador probe economic cooperation

    Date: 2018-08-19 12:13:08 GMT - Egypt - Economy - SN:1 - ID:7540282

    Minister of Investment and International Cooperation Sahar Nasr discussed with China's Ambassador in Cairo Song Aiguo the enhancement of cooperation at the economic, investment and development levels during the next stage. Senior officials of the ....

  • All bourse indexes end Thursday down

    Date: 2018-08-16 20:00:42 GMT - Egypt - Economy - SN:11 - ID:7537153

    The Egyptian Exchange (EGX) lost EGP 2.5 billion this week as the market capital went down to reach EGP 858 billion amid transactions that hit EGP 825 million. The drop came after unrest witnessed by emerging markets as well as the selling of a ....

  • CBE: Deposits in banks rise to EGP 3.536 trillion by end of May

    Date: 2018-08-16 19:50:55 GMT - Egypt - Economy - SN:10 - ID:7537146

    The total deposits in the banking system, excluding the CBE, increased by EGP 11 billion to hit EGP 3.536 trillion by the end of May, up from 3.525 trillion in April, the Central Bank of Egypt (CBE) said Thursday. In a statement, the bank added ....

  • FSA issues updated rules of Stock Exchange

    Date: 2018-08-15 20:54:51 GMT - Egypt - Economy - SN:15 - ID:7535606

    Head of the Financial Supervisory Authority (FSA) Mohamed Omran announced on Wednesday the issuance of the updated version of rules of registration and cancellation of securities on the Egyptian Stock Exchange. In a released statement by the ....

  • All bourse indexes fall back

    Date: 2018-08-15 15:05:04 GMT - Egypt - Economy - SN:6 - ID:7535154

    The Egyptian Exchange indexes posted collective losses at the close of Wednesday's trading, prompted by selling operations by foreign institutions and investment funds. The market capital reached EGP 860.5 billion amid transactions that hit EGP ....

  • Bourse loses EGP 7 bln, all indexes fall back

    Date: 2018-08-14 16:02:48 GMT - Egypt - Economy - SN:21 - ID:7533621

    The Egyptian Exchange indexes posted collective losses at the close of Tuesday's trading, prompted by selling operations by foreign institutions and investment funds besides Egyptian investors, in the wake of the crisis of several emerging markets ....

  • Egypt's banks, bourse off for 4 days over Eid al-Adha

    Date: 2018-08-14 08:41:32 GMT - Egypt - Economy - SN:6 - ID:7532625

    The Egyptian bourse and all banks will have a four-day vacation as of next Monday, August 20, on the occasion of Eid al-Adha, the Central Bank of Egypt (CBE) said in a statement. Work will be resumed at both the bourse and all banks on Sunday, ....

  • Reports on directing banks to freeze deposits for real estate tax baseless- CBE official

    Date: 2018-08-09 21:03:23 GMT - Egypt - Economy - SN:14 - ID:7526844

    Vice President of Council of State and legal adviser of the Central Bank of Egypt Tamer el Daqaq Thursday dismissed reports claiming that the banks were directed to freeze clients' deposits for the purpose of collecting real estate taxes. Social ....

  • CBE: Annual inflation rate drops by 8.5% in July

    Date: 2018-08-09 17:46:15 GMT - Egypt - Economy - SN:6 - ID:7526660

    Egypt's inflation rate decreased by 8.5 percent on a year-over-year basis in July against 10.9 percent in June, the Central Bank of Egypt (CBE) said in a statement on Thursday. Egypt's urban consumer price stood at 0.6 percent in July against 1.6 ....

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