Economy

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  • Category : Economy
  • Gamea, Assar probe cooperation to boost Egyptian industry

    Date: 2020-06-07 10:36:27 GMT - Egypt - Economy - SN:26 - ID:8459725

    CAIRO, June 7 (MENA) - Trade Minister Neveen Gamea discussed on Sunday with State Minister for Military Production Mohamed Saeed el Assar means of boosting cooperation between their ministries. They also discussed ways of investing the ....

  • EBRD approves $100 million loan for NBK Bank Egypt to address coronavirus impact - minister

    Date: 2020-06-07 08:37:12 GMT - Egypt - Economy - SN:19 - ID:8459621

    CAIRO, June 7 (MENA) - The European Bank for Reconstruction and Development (EBRD) approved a $100 million loan to the National Bank of Kuwait – Egypt (NBK Egypt) to address the impact of the coronavirus pandemic, International Cooperation Minister ....

  • Egypt wins 2 EBRD 2020 Sustainability Awards: Mashaat

    Date: 2020-06-07 08:19:08 GMT - Egypt - Economy - SN:17 - ID:8459539

    CAIRO, June 7 (MENA) - Egypt has received two of the European Bank for Reconstruction and Development's (EBRD) 2020 Sustainability Awards in the domain of sustainability for the year 2020, especially in the fields of renewable energy, preserving the ....

  • NBE makes EGP 20 mln donation to Kasr El Aini quarantine hospital

    Date: 2020-06-06 16:59:29 GMT - Egypt - Economy - SN:44 - ID:8459087

    CAIRO, June 6 (MENA) - The National Bank of Egypt (NBE) said Saturday it donated EGP 20 million to Kasr El Aini Specialized Hospital, used to quarantine patients contracting coronavirus. NBE President Hisham Okasha said that the donation will ....

  • Saving certificates of NBE, BM garner EGP 170bn

    Date: 2020-06-06 09:47:57 GMT - Egypt - Economy - SN:21 - ID:8458553

    CAIRO, June 6 (MENA) - The new saving certificates issued by the National Bank of Egypt (NBE) and Banque Misr (BM) of 15-percent monthly return garnered more than 170 billion pounds since issuance two months ago, the two banks said on ....

  • Egypt, IMF reach staff-level deal on USD 5.2b

    Date: 2020-06-05 21:32:07 GMT - USA - Economy - SN:64 - ID:8458284

    WASHINGTON, June 5 (MENA) – The International Monetary Fund (IMF) announced that the Egyptian authorities and the IMF team have reached a staff-level agreement on economic policies that could be supported by a 12-month Stand-By Arrangement (SBA). ....

  • Egypt’s sovereign fund ranked 43rd among peers globally

    Date: 2020-06-05 17:46:41 GMT - Egypt - Economy - SN:52 - ID:8458106

    CAIRO, June 5 (MENA) - Egypt's sovereign wealth fund was ranked 43rd among 93 peers globally, The Planning Ministry said Friday. Established in 2018, Egypt’s fund has total assets worth 11.959 billion dollars, accounting for 0.14 percent of the ....

  • Int'l institutions forecast positive growth rate for Egypt's economy: minister

    Date: 2020-06-05 13:02:39 GMT - Egypt - Economy - SN:32 - ID:8457622

    CAIRO, June 5 (MENA) - Minister of Planning and Economic Development Hala el Saeed said the Egyptian economy is consistent and managed to face the coronavirus crisis thanks to the economic reforms made by the State prior to its outbreak. In a ....

  • AfDB probes offering additional funding to help Egypt cushion COVID-19 impacts: official

    Date: 2020-06-05 09:04:45 GMT - Egypt - Economy - SN:16 - ID:8457375

    CAIRO, June 5 (MENA) - Country Manager of the African Development Bank Group (AfDB) Malinne Blomberg said the bank exerts its utmost efforts to assist African states during the current coronavirus crisis. In statements to MENA, Blomberg said the ....

  • Global-PRNewswire(1):Amorepacific makes upcycled bench made from empty cosmetic bottles in celebration of World Environment Day

    Date: 2020-06-05 07:23:19 GMT - south korea - Economy - SN:6 - ID:8457279

    Dear subscribers, following is a global bulletin published for PR ‎Newswire:‎ ==================================================================== SEOUL, South Korea, June 5, 2020 /PRNewswire/ -- In celebration of World Environment Day (June ....

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