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Economy
- Service : English
- Category : Economy
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CBE launches mortgage finance initiative for low, middle-income brackets
Date: 2021-07-13 10:02:52 GMT - Egypt - Economy - SN:7 - ID:9059396
The Central Bank of Egypt (CBE) has launched an EGP-100- billion mortgage finance initiative targeting low and middle-income home buyers. The initiative supports those segments in paying for their own housing units through installments over a ....
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Mollah attends Red Sea Petrochemicals signing deal with French company
Date: 2021-07-13 09:52:45 GMT - Egypt - Economy - SN:5 - ID:9059366
Minister of Petroleum Tarek El Mollah said on Tuesday the construction of Red Sea Petrochemicals Complex will place Egypt on top of the countries producing high-quality petrochemicals. The minister's remarks were made during a ceremony of signing ....
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Finance minister lauds "strong" financial performance of govt
Date: 2021-07-06 09:55:44 GMT - Egypt - Economy - SN:6 - ID:9046592
Finance Minister Mohamed Maeit Tuesday praised the government’s “strong” performance, especially where financial policies are concerned. This translated into growing confidence of foreign investors and bigger demand for Egyptian bonds, Maeit ....
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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 ....
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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 ....
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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 ....
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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 ....
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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 ....
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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 ....
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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 ....
