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Economy
- Service : English General
- Category : Economy
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CBE: Foreign reserves rise by USD 696 mln in April 2024
Date: 2024-05-07 16:05:25 GMT - Egypt - Economy - SN:38 - ID:10694962
CAIRO, May 7 (MENA) - The Central Bank of Egypt (CBE) on Tuesday announced that the country's net foreign reserves rose by about USD 696 million to hit USD 41.057 billion in April 2024. The country’s net foreign reserves amounted to USD 40.361 ....
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Bourse posts collective gains at start of week transactions
Date: 2024-05-07 13:40:55 GMT - Egypt - Economy - SN:35 - ID:10694686
CAIRO, May 7 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the start of this week trading on Tuesday after Easter and Sham El-Nessim celebrations, backed by purchases of Egyptian and foreign investment funds. The market ....
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MoU between GAFI, Crédit Agricole Bank to attract direct foreign investments
Date: 2024-05-07 11:30:31 GMT - Egypt - Economy - SN:26 - ID:10694361
CAIRO, May 7 (MENA) - CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba and Managing Director of Crédit Agricole Bank in Egypt Jean-Pierre Trinelle inked a memorandum of understanding on cooperation to encourage and ....
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Egypt's food industries exports hit $1,6bn during Q1 of 2024
Date: 2024-05-07 10:01:08 GMT - Egypt - Economy - SN:21 - ID:10694295
CAIRO, May 7 (MENA) - Egyptian food industries exports increased by 31% in the first four months of 2024, reaching dlrs 1.6 billion compared to exports during the same period in 2023, which were approximately dlrs 1.2 billion, marking the highest ....
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Dollar exchange rate stable at start of Tuesday's transactions
Date: 2024-05-07 07:23:11 GMT - Egypt - Economy - SN:10 - ID:10694016
CAIRO, May 7 (MENA) - The dollar exchange rate was stable at the start of Tuesday'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 EGP ....
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Gold prices inch higher on US rate-cut bets
Date: 2024-05-07 06:54:49 GMT - USA - Economy - SN:7 - ID:10693954
WASHINGTON, May 7 (MENA) - Gold prices edged higher on Tuesday, steered by bets that the US Federal Reserve would cut interest rates later this year, CNBC reported. Spot gold was up 0.1% at $2,324.75 per ounce, as of 0148 GMT after rising more ....
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National Dialogue's rapporteur: Fitch Ratings give assurance message for investment in Egypt
Date: 2024-05-06 12:06:41 GMT - Egypt - Economy - SN:31 - ID:10692987
CAIRO, May 6 (MENA) - Rapporteur of the Investment Committee at the National Dialogue Samir Sabri said Fitch Ratings on Egypt indicate the Egyptian economy is going on the right track. The ratings are sending an assurance message to all ....
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Half of State budget funds allocated to social protection, human development - Maait
Date: 2024-05-05 09:22:32 GMT - Egypt - Economy - SN:18 - ID:10691646
CAIRO, May 5 (MENA) - Finance Minister Mohamed Maait said on Sunday more than half of 2024/2025 State budget funds are allocated to social protection and human development in the health and educational domains in implementation of directives of ....
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Egypt's unemployment inches down to 7% in 2024: Labour Ministry
Date: 2024-05-05 08:08:03 GMT - Egypt - Economy - SN:13 - ID:10691557
CAIRO, May 5 (MENA) - The unemployment rate in Egypt edged down to 7 percent in 2024, compared to 13 percent in 2014, said an official with the Labor Ministry. In a phone interview with on the "Sabah Al-Balad" program aired on Sada el Balad ....
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Fitch's revised outlook reflects confidence in Egyptian economy: economists
Date: 2024-05-04 19:21:16 GMT - Egypt - Economy - SN:73 - ID:10691198
CAIRO, May 4 (MENA) - Fitch’s revised outlook of the Egyptian economy has given the economists a positive trend to express their views about the progress achieved in the Egyptian economy. The Egyptian government plans to further develop the ....
