Economy

  • Service : English General
  • Category : Economy
  • CBE announces another one-year waiver for additional risk-weights imposed on portfolio concentrations

    Date: 2021-03-31 22:38:33 GMT - Egypt - Economy - SN:111 - ID:8884599

    CAIRO, March 31 (MENA) - The Central Bank of Egypt board of directors has decided to continue exempting banks from calculating additional capital requirement for concentration risk of the top 50 borrowers. The decision to renew the one-year ....

  • Egypt among Croatia's top targeted markets in MENA region: Croatian FM

    Date: 2021-03-31 20:43:55 GMT - Egypt - Economy - SN:105 - ID:8884156

    CAIRO, March 13 (MENA) - Croatian companies have a great interest in expanding into the Egyptian market, especially in the automotive, tourism, pharmaceutical and engineering industries, Croatia's Minister of Foreign and European Affairs Gordan ....

  • EgyptAir to operate 70 int'l, domestic flights on Thursday

    Date: 2021-03-31 20:20:05 GMT - Egypt - Economy - SN:102 - ID:8884325

    CAIRO, March 31 (MENA) – EgyptAir will operate 70 international and domestic flights on Thursday with 6,305 passengers on board. In a statement on Wednesday, the national flag carrier said 45 international flights will head to each of Baghdad, ....

  • Additional bonus will apply to employees not addressed by Civil Service Law: Finance min. -- 2 last Cairo

    Date: 2021-03-31 19:50:56 GMT - Egypt - Economy - SN:97 - ID:8884110

    The Cabinet also passed a draft decree by the prime minister on the executive regulations of Law No. 152/2020 on developing Micro, Small and Medium Enterprises (MSMEs), Minister of Trade and Industry Nevine Gamea said during the news ....

  • Mashat: Private, public sectors show flexibility in dealing with COVID-19 crisis

    Date: 2021-03-31 19:01:50 GMT - Egypt - Economy - SN:95 - ID:8884166

    CAIRO, March 31 (MENA) – International Cooperation Minister Rania el Mashat stressed that the private and public sectors showed great flexibility in dealing with the new reality imposed by the coronavirus pandemic over the past year. The ....

  • Sisi to open 'GYPTO Pharma' in the coming few hours

    Date: 2021-03-31 18:35:56 GMT - Egypt - Economy - SN:92 - ID:8884246

    CAIRO, March 31 (MENA) - President Abdel Fattah El Sisi will inaugurate in the next few hours the Egyptian medical city, also called "GYPTO Pharma", which was established in line with the state-of-the-art technologies. "GYPTO Pharma" will be one ....

  • Commercial Representation Office in Jordan urges Egyptian export companies to commit to technical standards

    Date: 2021-03-31 18:29:00 GMT - Egypt - Economy - SN:91 - ID:8883555

    CAIRO, March 31 (MENA) – Head of the Commercial Representation Office in Jordan Mona Aboud urged food companies desiring to export their products to the Jordanian market to be committed to the quality standards and criteria set by the concerned ....

  • EgyptAir offers travel vouchers with additional 10% discounts as of April

    Date: 2021-03-31 18:10:46 GMT - Egypt - Economy - SN:89 - ID:8884085

    CAIRO, March 31 (MENA) - EgyptAir has announced that it offers EGP 5,000 to 10,000 travel spring vouchers with a 10 percent additional discount. In a statement on Wednesday, the company said the passenger or his/her first degree relatives can use ....

  • Additional bonus will apply to employees not addressed by Civil Service Law: Finance min.

    Date: 2021-03-31 17:52:46 GMT - Egypt - Economy - SN:86 - ID:8884103

    CAIRO, March 13 (MENA) - Minister of Finance Mohamed Maait said that an additional monthly bonus, the Cabinet approved for workers during its meeting on Wednesday, will apply to those subject to the Civil Service Law and others who are not addressed ....

  • US dollar price registers 15.65 for purchase, 15.78 for sale

    Date: 2021-03-31 17:42:55 GMT - Egypt - Economy - SN:85 - ID:8884158

    CAIRO, March 31 (MENA) - The US dollar price registered EGP 15.65 for buying and EGP 15.78 for selling during Wednesday's transactions at Egyptian banks. The exchange rate of the dollar against the Egyptian pound in the National Bank of Egypt ....

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