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Economy
- Service : English General
- Category : Economy
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NBE launches new service for int’l remittance instantly
Date: 2024-05-30 09:37:56 GMT - Egypt - Economy - SN:29 - ID:10727085
CAIRO, May 30 (MENA) – The National Bank of Egypt (NBE) announced launching the newest service for receiving electronic international remittances instantly around the clock, even during official holidays. Yahya Abul Fotouh, NBE deputy chairman, ....
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Dollar exchange rate inches down in beginning of Wednesday's transactions
Date: 2024-05-30 08:25:15 GMT - Egypt - Economy - SN:24 - ID:10727065
CAIRO, May 30 (MENA) - The dollar exchange rate was stable at the start of Thursday'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 ....
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PM: Gov't looking forward to major breakthrough in local auto industry
Date: 2024-05-29 18:18:28 GMT - Egypt - Economy - SN:60 - ID:10726491
CAIRO, May 29 (MENA) – The State has made great strides in automotive industry development by rolling out many incentives for automobile assembly and production companies, Prime Minister Mostafa Madbouli said. Madbouli made the remarks while ....
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Tools for reducing cost of credit, export risks enhance efforts to empower private sector in Africa: Mashat
Date: 2024-05-29 18:17:23 GMT - Egypt - Economy - SN:59 - ID:10726524
NAIROBI, May 29 (MENA) – Minister of International Cooperation Rania el-Mashat said Wednesday tools for reducing cost of credit and export risks by the African Development Bank Group (AfDB) are important. This came during the activities of the ....
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Egypt targets setting up large area for manufacturing green hydrogen: official
Date: 2024-05-29 16:28:09 GMT - Egypt - Economy - SN:53 - ID:10726349
CAIRO, May 29 (MENA) - CEO of the Sovereign Fund of Egypt Ayman Soliman said Egypt aims to set up a large area for manufacturing green hydrogen in line with its strategic vision. Egypt has all the necessary elements for achieving great success in ....
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Madbouli: State still subsidizes each loaf of bread with 105 piasters
Date: 2024-05-29 16:01:48 GMT - Egypt - Economy - SN:52 - ID:10726293
THE ADMINISTRATIVE CAPITAL, May 29 (MENA) - Prime Minister Mostafa Madbouli said Wednesday the cost of a loaf of bread is 125 piasters, whereas it is sold for only 5 piasters, and therefore the state bears 120 piasters for each loaf, that means ....
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Banque Misr issues 6, 9 month deposits at 21%, 22% interest rates
Date: 2024-05-29 15:49:37 GMT - Egypt - Economy - SN:49 - ID:10726345
CAIRO, May 29 (MENA) - Banque Misr has issued a new savings product called "flex" deposits with various maturity periods. The six-month flex deposit will secure 22 percent annual interest rate, with the return paid at the end of the deposit ....
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Dollar exchange rate stable in beginning of Wednesday's transactions
Date: 2024-05-29 07:34:56 GMT - Egypt - Economy - SN:12 - ID:10725411
CAIRO, May 29 (MENA) - The dollar exchange rate was stable at the start of Wednesday'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 ....
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Gulf of Suez wind farm to boost long-term energy security: Electricity min.
Date: 2024-05-28 18:25:40 GMT - Egypt - Economy - SN:75 - ID:10724950
GULF OF SUEZ, Egypt, May 28 (MENA) - The Gulf of Suez wind power project is a significant step towards attaining Egypt's ambitious energy goals, Minister of Electricity and Renewable Renewable Energy Mohamed Shaker said. The project is also ....
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PM directs to refer irregularities spotted by ECA at commodity markets to public prosecution
Date: 2024-05-28 15:59:26 GMT - Egypt - Economy - SN:69 - ID:10724804
CAIRO, May 28 (MENA) - Prime Minister Mostafa Madbouli issued directives to refer the irregularities spotted by the Egyptian Competition Authority (ECA) at commodity markets to the public prosecution for taking the necessary legal procedures. He ....
