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Economy
- Service : English General
- Category : Economy
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CBE extends cancellation of fees, commissions on transfers till September 15
Date: 2020-06-21 21:09:15 GMT - Egypt - Economy - SN:81 - ID:8478300
CAIRO, June 21 (MENA) – The Central Bank of Egypt (CBE) has extended a decision to cancel all the fees and commissions applied to the local money transfers until September 15. Sunday extension is a continuation of the protective and ....
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Global: Whale Cloud Launches Cloud-based BSS/OSS Suite in Partnership with Alibaba Cloud
Date: 2020-06-21 20:53:29 GMT - China - Economy - SN:78 - ID:8478364
Whale Cloud Launches Cloud-based BSS/OSS Suite in Partnership with Alibaba Cloud NANJING, China, June 21, 2020 /PRNewswire/ -- Whale Cloud announced the launch of its cloud-based telecom solution suite today – ZSmart Digital Business Enablement ....
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Sisi directs govt to work on confronting economic challenges posed by coronavirus
Date: 2020-06-21 19:09:47 GMT - Egypt - Economy - SN:65 - ID:8478139
CAIRO, June 21 (MENA) – President Abdel Fattah El Sisi has directed the government to press ahead with work on confronting the economic challenges posed by the coronavirus pandemic in order to maintain the sustainability of the economic reform ....
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Finance Ministry auctions EGP 13.5 bln T-bills
Date: 2020-06-21 16:19:48 GMT - Egypt - Economy - SN:53 - ID:8478058
CAIRO, June 21 (MENA) – The Ministry of Finance auctioned treasury bills at a total value of EGP 13.5 billion. In a statement released Sunday, the ministry said it sold 91-day T-bills worth EGP six billion with average yield of 12.917%, adding it ....
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EGX indexes show mixed
Date: 2020-06-21 14:57:02 GMT - Egypt - Economy - SN:39 - ID:8477892
CAIRO, June 21 (MENA) - The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday’s trading, amid profit-taking operations by investors. The market capital recorded EGP 579.4 billion at closing, after transactions ....
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IFC to invest $10 mn in electricity meter manufacturer "Globaltronics"
Date: 2020-06-21 14:17:24 GMT - Egypt - Economy - SN:35 - ID:8477781
CAIRO, June 21 (MENA) - The International Finance Corporation (IFC) announced Sunday a $10 million investment fund to Egypt's Globaltronics S.A.E. The fund is dedicated to expanding the company's production and installation of prepaid smart ....
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GAFI chairman in talks with Procter &Gamble company over new investments
Date: 2020-06-21 12:12:49 GMT - Egypt - Economy - SN:29 - ID:8477650
CAIRO, June 21 (MENA) - Chairman of the General Authority of Free Zones and Investment (GAFI) Mohamed Abdel Wahab met on Sunday with General Manager for the North Africa and Levant region of Procter and Gamble Company Tamer Hamed over boosting ....
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EBRD supports Egypt’s private sector projects with $100 mln: Mashaat
Date: 2020-06-21 12:04:49 GMT - Egypt - Economy - SN:28 - ID:8477532
CAIRO, June 21 (MENA) – The European Bank for Reconstruction and Development (EBRD) approved granting a 100-million-dollar worth funding for the Commercial International Bank (CIB) with the aim of loaning Egypt’s private sector projects, said ....
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House approves TFSCB grant to upgrade statistical work
Date: 2020-06-21 10:52:44 GMT - Egypt - Economy - SN:26 - ID:8477502
CAIRO, June 21 (MENA) – The House of Representatives has approved a grant from the Trust Fund for Statistical Capacity Building (TFSCB), which is run by the World Bank, to upgrade statistical work in Egypt. The TFSCB will support efforts by ....
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Planning Ministry allocates EGP 34.5bn for agriculture sector in 2020-2021
Date: 2020-06-21 09:45:03 GMT - Egypt - Economy - SN:20 - ID:8477410
CAIRO, June 21 (MENA) – Planning Minister Hala el Saeid has allocated some 34.5 billion pounds for the agriculture sector; a two-percent rise on the fiscal year 2019-2020. Agriculture is a top-priority because it plays a key role where industry ....
