Economy

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  • Category : Economy
  • Ready-made garements' exports rise to hit dlrs 204 mn in Jan.

    Date: 2022-03-13 11:23:44 GMT - Egypt - Economy - SN:41 - ID:9466088

    CAIRO, March 13 MENA) - Chairperson of the Ready-made Garments Export Council of Egypt (RMGEC) Marie Louis said the sector’s exports increased 54% percent to hit dlrs 204 million in January in 2022 compared to dlrs 132 million during same period in ....

  • CBE seeks to reduce risks facing SMEs -- Official

    Date: 2022-03-13 10:58:00 GMT - Egypt - Economy - SN:39 - ID:9466022

    LUXOR, Upper Egypt, March 13 (MENA) – The Central Bank of Egypt is acting to reduce risks that might face small, medium and micro-sized enterprises during global economic crises, said deputy governor of the CBE Gamal Negm Sunday. Addressing a ....

  • FEB: Banks contribute over EGP 400bn to SMEs until end of 2021

    Date: 2022-03-13 10:22:10 GMT - Egypt - Economy - SN:35 - ID:9465939

    LUXOR, Upper Egypt, March 13 (MENA) – The banking sector in Egypt has contributed more than 400 billion pounds to small and medium-sized enterprises (SMEs) until the end of 2021. This reflects keenness of the government and the Central Bank of ....

  • CBE excludes rice, beans, lentils imports from cash cover

    Date: 2022-03-13 09:50:59 GMT - Egypt - Economy - SN:29 - ID:9465957

    CAIRO, March 13 (MENA) - The Central Bank of Egypt (CBE) decided on Sunday to exclude, for one year, imports of rice, beans and lentils from the 100-percent cash margin requirement imposed on most imports. In 2015, the CBE required all importers to ....

  • CBE Governor: SMEs mainstay for economic growth

    Date: 2022-03-13 09:39:59 GMT - Egypt - Economy - SN:28 - ID:9465909

    LUXOR, Upper Egypt, March 13 (MENA) - Central Bank of Egypt (CBE) Governor Tarek Amer said the small and medium sized enterprises represent the mainstay of economic growth in both developed and developing countries. He made the remarks in a ....

  • US dollar price stable at Egypt's major banks

    Date: 2022-03-13 09:24:04 GMT - Egypt - Economy - SN:25 - ID:9465873

    CAIRO, March 13 (MENA) - The US dollar exchange rate was stable at the start of Sunday’s transactions at Egypt's major banks. The stability in the foreign exchange market was attributed to increase of Egypt's foreign currency reserves, the ....

  • Petroleum minister in talks over repercussions of Russia-Ukraine crisis on oil, petroleum markets

    Date: 2022-03-13 09:11:12 GMT - Egypt - Economy - SN:21 - ID:9465745

    CAIRO, March 13 (MENA) - Petroleum Minister Tarek el Molla stressed that the Russian-Ukrainian crisis posed challenges for many world economies, including that of Egypt, and affected vital economic sectors, especially gas and petroleum markets. The ....

  • Egypt, UK explore unlocking private sector finance to shape climate smart future

    Date: 2022-03-12 17:56:21 GMT - Egypt - Economy - SN:54 - ID:9465226

    CAIRO, March 12 (MENA) - Concluding her visit to the United Kingdom, Minister of International Cooperation Rania Al Mashat, held a meeting with Executive Director of the British International Investment (CDC) Diana Layfield, CEO of the Climate ....

  • 2022/2023 investment plan focuses on 'green recovery' - Minister

    Date: 2022-03-12 15:24:17 GMT - Egypt - Economy - SN:41 - ID:9464872

    CAIRO, March 12 (MENA) - Minister of Planning and Economic Development Hala el Saeed said Saturday the 2022/2023 investment plan takes into account the constitutional entitlements, works on green recovery and revitalizes sectors that support green ....

  • Egypt keen to cooperate with int'l partners to shift into green economy, says min.

    Date: 2022-03-12 14:20:51 GMT - Egypt - Economy - SN:36 - ID:9464883

    CAIRO, March 12 (MENA) - Minister of International Cooperation Rania el Mashat has affirmed Egypt's keenness on cooperating with all international institutions to shift into green economy, achieve SDG 13 on climate action and encourage the private ....

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