Economy

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  • Egypt's bourse loses EGP 15.1bln in week

    Date: 2017-02-24 09:06:02 GMT - Egypt - Economy - SN:5 - ID:6579525

    The Egyptian Exchange closed this week with losses amounting to EGP 15.1 billion. The market capital hit EGP 600.1 billion compared to EGP 615.2 billion in the previous week. During the course of the week, the benchmark index EGX 30 went down by ....

  • Akhbar El-Youn economic conference concludes activities

    Date: 2016-11-15 07:30:21 GMT - Egypt - Economy - SN:2 - ID:5964641

    The third economic conference of Akhbar El-Youm, held under the auspices of President Abdel Fattah El Sisi over three days, was wrapped up on Monday. The final session of the gathering was attended by former investment minister Osama Saleh who was ....

  • IMF: Egypt's reform program to revive growth prospects

    Date: 2016-11-12 12:04:27 GMT - USA - Economy - SN:3 - ID:5948585

    International Monetary Fund (IMF) Managing Director Christine Lagarde said the economic reform program adopted by Egypt is meant to revive economy and restore stability and confidence in the economy. In an IMF report on Egypt entitled "A Chance for ....

  • Relocating Yemen's central bank meant to protect economy from collapse -- PM

    Date: 2016-09-22 08:11:50 GMT - Yemen - Economy - SN:2 - ID:5638469

    The Yemeni government's decision to relocate the Central Bank of Yemen from Sanaa to Aden is meant to protect the country's economy from collapse, Yemeni Prime Minister Ahmed Obeid bin Daghr said. On Sunday, President Abd Rabbuh Mansur Hadi moved ....

  • Mixed performance at EGX, main index down 0.65%

    Date: 2016-07-12 13:48:45 GMT - Egypt - Economy - SN:10 - ID:5246437

    The Egyptian Exchange (EGX) showed mixed performance on Tuesday on the back of sales operations by foreign and Arab investment funds and purchase operations by Egyptian investors. Market capital lost 1.2 billion pounds to reach 399 billion ....

  • CBE fixes US dollar exchange rate at EGP 8.78 in Tuesday auction

    Date: 2016-07-12 11:39:02 GMT - Egypt - Economy - SN:5 - ID:5245105

    The Central Bank of Egypt (CBE) stabilized the US dollar exchange rate at 8.78 pounds during an auction on Thursday. In statements to MENA, bankers said that the CBE stabilized the US dollar rate at banks to range between 8.83 to 8.88 pounds. The ....

  • 46 ships transit Suez Canal

    Date: 2016-07-11 11:36:07 GMT - Egypt - Economy - SN:5 - ID:5238949

    Forty-six ships transited the Suez Canal on Monday with a total cargo of 2.619 million tons. The south-bound convoy included 28 vessels carrying 1.8 million tons, while the north-bound convoy included 18 ships carrying 819,000 tons, according to a ....

  • EGX, banks off as of Tuesday for 3 days on Eid al-Fitr

    Date: 2016-07-03 10:57:15 GMT - Egypt - Economy - SN:9 - ID:5200973

    The Egyptian Exchange and banks will be off as of Tuesday and for three days on an official holiday to mark Eidul Fitr. Two separate statements by the bourse and Egypt's Central Bank on Sunday, said that EGX and banks will resume work on Sunday, ....

  • CBE paid dlrs 720 mn to Paris Club

    Date: 2016-07-03 09:37:30 GMT - Egypt - Economy - SN:6 - ID:5200485

    Egypt has paid dlrs 720 million of its debt installment to Paris Club, a reliable source at the Central Bank of Egypt said. In statements to MENA, the source said the repayment of Egypt's debts to Paris is part of Egypt's commitment to the Paris ....

  • Egypt's budget has been suffering "deficit" -- Finance min.

    Date: 2016-06-27 16:45:05 GMT - Egypt - Economy - SN:14 - ID:5170649

    Finance Minister Amr el Garhi on Monday said that state's budget has recorded a deficit over the past few years that reached to 10% in some years, accumulating the public debt to EGP 2.8 trillion. The public service debt interest payment is to ....

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