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CBE repays $406 million to Afrexim Bank
Date: 2019-06-02 18:41:32 GMT - Egypt - Egypt - SN:4 - ID:7966209
The Central Bank of Egypt (CBE) said Sunday that it repaid 406 million dollars worth of debts to the Afrexim Bank by the end of May. The CBE repaid more than 21 billion dollars in outstanding debt since the implementation of an economic reform ....
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Sisi honors winners of int'l Holy Quran contest at Laylat al Qadr ceremony
Date: 2019-06-02 18:39:56 GMT - Egypt - Egypt - SN:3 - ID:7966207
President Abdel Fattah El Sisi honored winners of the 26th international Holy Quran competition during a ceremony organized by the Awqaf Ministry at Al Azhar conference center Sunday. The ceremony was held to mark Laylat al Qadr (the night when ....
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Dollar exchange rate declines at major banks
Date: 2019-06-02 18:27:28 GMT - Egypt - Egypt - SN:2 - ID:7966199
The US dollar exchange rate recorded a marked decline during transactions at major banks on Sunday. At the National Bank of Egypt and Banque Misr the dollar rate went down by two piasters recording EGP 16.75 for buying and EGP 16.85 for ....
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Gov. denies repaying Suez Canal Authority debts from new budget
Date: 2019-06-02 18:11:18 GMT - Egypt - Egypt - SN:1 - ID:7966172
The Cabinet's media center has dismissed as groundless reports that the Suez Canal Authority’s debts would be repaid from the 2019/2020 budget. Some reports claimed that $600 million worth of debts would be repaid from the 2019/2020 state budget ....
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Sisi signs law on non-banking financial instruments
Date: 2019-06-01 23:25:09 GMT - Egypt - Egypt - SN:10 - ID:7965072
President Abdel Fattah El Sisi on Tuesday signed Law No. 71 of 2019 regulating control of markets and non-banking financial instruments. Prime Minister Mostafa Madbouli is scheduled to issue the law's executive regulations within six ....
