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Economy
- Service : English General
- Category : Economy
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US dollar price up after CBE upped interest rate
Date: 2022-03-21 08:51:32 GMT - Egypt - Economy - SN:22 - ID:9480614
CAIRO, March 21 (MENA) - The US dollar exchange rate rose on Monday after remaining stable for six months in row. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate upped to EGP 17.40 for buying and EGP 17.50 for selling against ....
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CBE decides to up interest rate by 1%
Date: 2022-03-21 08:34:38 GMT - Egypt - Economy - SN:21 - ID:9480518
CAIRO, March 21 (MENA) – The Central Bank of Egypt (CBE) has decided to increase the interest rate by 1 percent. In an extra-ordinary meeting Monday, the CBE’s Monetary Policy Committee (MPC) decided to up deposit and loan return prices for one ....
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CBE: Credit facility balances rise to EGP 3.09 trillion by end of December 2021
Date: 2022-03-20 19:44:31 GMT - Egypt - Economy - SN:85 - ID:9480063
CAIRO, Jan 18 (MENA) - The Central Bank of Egypt (CBE) said Sunday that the credit facility balances for clients in banks rose by around EGP 195.3 billion to hit EGP 3.099 trillion in July-December of the 2021/2022 fiscal year. In its recent ....
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CBE: Domestic liquidity hit EGP 5.82 trillion by end of December 2021
Date: 2022-03-20 19:23:11 GMT - Egypt - Economy - SN:82 - ID:9480060
CAIRO, Jan 18 (MENA) - The Central Bank of Egypt (CBE) has announced that domestic liquidity rose by EGP 466 billion to register EGP 5.7822 trillion, with an increase of 7.2% in July-December of the 2021/2022 fiscal year. In its report released ....
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Suez Canal proved to be best international waterway - SCA chairman
Date: 2022-03-20 19:22:39 GMT - Egypt - Economy - SN:81 - ID:9480065
ALEXANDRIA, March 20 (MENA) - Chairman of the Suez Canal Authority (SCA) Osama Rabei said Sunday that the Suez Canal is proved to be the shortest, fastest, and most important waterway in the world. Delivering a speech at the opening ceremony of ....
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CBE: Bank deposits hit EGP 6.450 trillion in December
Date: 2022-03-20 19:20:50 GMT - Egypt - Economy - SN:80 - ID:9480081
CAIRO, March 20 (MENA) - The Central Bank of Egypt (CBE) on Sunday announced a remarkable increase in bank deposits by around EGP 144 billion at the end of December to reach EGP 6.450 trillion against EGP 6.306 trillion in October. Total ....
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Egyptian Exchange recovered from Russian-Ukrainian crisis's ramifications - analysts
Date: 2022-03-20 18:55:48 GMT - Egypt - Economy - SN:76 - ID:9480083
CAIRO, March 20 (MENA) - The Egyptian Exchange has remarkably recovered from negative repercussions of the Russian-Ukrainian crisis, analysts says. The indexes tremendously made up for last weeks' losses, with expectations to maintain the path of ....
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Sisi orders package of measures to mitigate effects of global economic repercussions
Date: 2022-03-20 18:23:14 GMT - Egypt - Economy - SN:73 - ID:9479939
CAIRO, March 20 (MENA) - President Abdel Fattah El Sisi on Sunday directed the government to immediately prepare a package of measures to mitigate the impact of global economic crises on the Egyptian citizens. The directives were announced during ....
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Electricity minister urges boosting joint Arab action in energy field
Date: 2022-03-20 18:11:41 GMT - Egypt - Economy - SN:72 - ID:9479555
CAIRO, March 20 (MENA) - Minister of Electricity and Renewable Energy Mohamed Shaker on Sunday called for boosting joint Arab action in the energy field to exploit opportunities and address enormous challenges. Addressing the 14th meeting of the ....
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Sisi urges immediate measures to mitigate impact of global crises on citizens
Date: 2022-03-20 16:07:07 GMT - Egypt - Economy - SN:67 - ID:9479852
CAIRO, March 20 (MENA) - President Abdel Fattah El Sisi was briefed Sunday on the draft budget of the 2022-23 fiscal year. During a meeting with Prime Minister Mostafa Madbouli, Finance Minister Mohamed Maait and Social Solidarity Minister Niveen ....
