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Economy
- Service : English General
- Category : Economy
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CBE: Annual inflation declines to 33.7% in March
Date: 2024-04-08 14:55:22 GMT - Egypt - Economy - SN:41 - ID:10655050
CAIRO, April 8 (MENA) - Egypt's annual core inflation rate declined to 33.7 percent in March 2024 from 35.1 percent in February, the Central Bank of Egypt (CBE) announced on Monday. In a statement, the CBE said the monthly core Consumer Price ....
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Bourse gains EGP 26 bn, all indexes up
Date: 2024-04-08 13:46:11 GMT - Egypt - Economy - SN:33 - ID:10654825
CAIRO, April 8 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday's trading session, backed by purchases by institutions and local and Arab investment funds, against sales by foreign institutions and foreign ....
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Egypt, South Korea discuss boosting cooperation in digital transformation
Date: 2024-04-08 13:06:34 GMT - Egypt - Economy - SN:31 - ID:10654755
CAIRO, April 8 (MENA) - Minister of Communications and Information Technology Amr Talaat and South Korean Ambassador in Cairo Kim Yonghyon on Monday discussed ways of fostering cooperation between Egypt and South Korea in digital transformation, ....
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Dollar exchange rate up during Monday's transactions
Date: 2024-04-08 10:08:26 GMT - Egypt - Economy - SN:14 - ID:10654425
CAIRO, April 8 (MENA) - The dollar exchange rate upped during Monday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), Banque Misr, and the Commercial International Bank (CIB), the dollar rate registered EGP 47.50 for ....
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Planning minister congratulates Misr Insurance for AM BEST's highest credit ratings
Date: 2024-04-07 19:15:47 GMT - Egypt - Economy - SN:51 - ID:10653948
CAIRO, April 7 (MENA) - Minister of Planning and Economic Development and Chairperson of the Sovereign Fund of Egypt (TSFE) Hala el Saeed congratulated the TSFE-affiliated Misr Insurance Holding Company (MIHC) for excellently obtaining the highest ....
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Trade min. mulls multifaceted cooperation with France
Date: 2024-04-07 19:13:42 GMT - Egypt - Economy - SN:50 - ID:10653924
CAIRO, April 7 (MENA) – Minister of Trade and Industry Ahmed Samir said his ministry is keen on making use of France’s extensive industrial expertise to entrench some targeted local industries in Egypt, especially the pharmaceutical, petrochemical, ....
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SCZone: Turkish company invest dlrs 40m in West Qantara Industrial Zone
Date: 2024-04-07 19:12:59 GMT - Egypt - Economy - SN:49 - ID:10653915
CAIRO, April 7 (MENA) – The Suez Canal Economic Zone (SCZone) and Turkish Eroğlu Holding signed an agreement to establish Eroğlu factory for DNM Jeans at the SCZone-affiliate West Qantara Industrial Zone. In a press release, the SCZone said ....
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Bourse indexes show mixed performance
Date: 2024-04-07 12:38:34 GMT - Egypt - Economy - SN:25 - ID:10653528
CAIRO, April 7 (MENA) - Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday's trading session, amid sales by foreign institutions and Arab investments funds, as well as Egyptian, Arab and foreign investors, against ....
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Garments Export Council: 25% growth in sector's exports to record dlrs 464 mn during first two months of 2024
Date: 2024-04-07 11:40:26 GMT - Egypt - Economy - SN:20 - ID:10653285
CAIRO, April 7 (MENA) - Head of the Readymade Garments Export Council Marie-Louis Bishara announced that exports of the clothing sector rose by 25% during the first two months of 2024 to record dlrs 464 million compared to dlrs 371 million in the ....
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Foreign currency proceeds near EGP 11.2bn since exchange rate liberalization
Date: 2024-04-07 11:34:36 GMT - Egypt - Economy - SN:19 - ID:10653179
CAIRO, April 7 (MENA) - Foreign currency proceeds of exchange companies, affiliated to the National Bank of Egypt (NBE), Banque Misr and Banque du Caire, have increased to some EGP 11.246 billion since interest rate liberalization on March 6. In ....
