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Economy
- Service : English General
- Category : Economy
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CBE says 14 measures taken to contain COVID-19 economic fallout
Date: 2020-05-10 15:36:58 GMT - Egypt - Economy - SN:36 - ID:8427169
CAIRO, May 10 (MENA) – The Central Bank Egypt (CBE) announced Sunday that it had taken 14 measures to mitigate the coronavirus impact on the Egyptian economy. These measures greatly contributed to shoring up the national economy, alleviating the ....
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Electricity min. witnesses trial operation to link Qusair-Marsa Alam power line to national grid
Date: 2020-05-10 15:07:33 GMT - Egypt - Economy - SN:35 - ID:8427063
CAIRO, May 10 (MENA) - Minister of Electricity and Renewable Energy Mohamed Shaker on Sunday witnessed via video conference the pilot operation to link al Qusair-Marsa Alam power line to the national grid, as the new line has an electrical potential ....
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Finance Ministry auctions T-bills worth EGP 19 bn
Date: 2020-05-10 14:19:39 GMT - Egypt - Economy - SN:34 - ID:8427256
CAIRO, May 10 (MENA) - The Finance Ministry on Sunday auctioned treasury bills at a total value of EGP 19 billion. In an online statement, the ministry said it sold 91-day T-bills worth EGP 8.5 billion, with an average yield of 12.542 percent, ....
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EGX indexes show mixed performance
Date: 2020-05-10 13:18:33 GMT - Egypt - Economy - SN:32 - ID:8427149
CAIRO, May 10 (MENA) - The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday's trading, prompted by purchases from local and Arab institutions and investment funds. Meanwhile, selling operations prevailed in ....
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CBE donates dlrs 7 million to back State's anti-coronavirus efforts
Date: 2020-05-10 10:01:28 GMT - Egypt - Economy - SN:20 - ID:8426889
CAIRO, May 10 (MENA) - The Commercial International Bank (CIB) donates dlrs seven million to back State's efforts against coronavirus pandemic. This came in a letter sent to Prime Minister Moustafa Madbouli by CIB chairman Hisham Ezzel ....
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CBE weighs expanding industry stimulus package to contractor sector: governor
Date: 2020-05-10 09:14:00 GMT - Egypt - Economy - SN:14 - ID:8426745
CAIRO, May 10 (MENA) - Central Bank of Egypt (CBE) Governor Tarek Amer said Sunday he will propose including the contractor sector to the banks's 100 billion pound industry stimulus initiative. The initiative intends to support industry and ....
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FRA reduces services charges on trading operations
Date: 2020-05-10 08:18:21 GMT - Egypt - Economy - SN:11 - ID:8426770
CAIRO, May 10 (MENA) - The Financial Regulatory Authority agreed on Sunday to reduce services charges on trading operations in line with the package issued by Prime Minister Moustafa Madbouli to activate the bourse and boost capital market growth ....
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CAPMAS: Monthly inflation rate up 1.6 percent in April
Date: 2020-05-10 07:42:19 GMT - Egypt - Economy - SN:10 - ID:8426719
CAIRO, May 10 (MENA) - The Central Agency for Public Mobilization and Statistics (CAPMAS) said the monthly inflation rate increased by 1.6 percent in April compared to March with the annual inflation rate hitting 5.9 percent in April compared with ....
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High-yield savings certificates of NBE, Banque Misr post EGP 121 billions in gains
Date: 2020-05-10 07:26:52 GMT - Egypt - Economy - SN:8 - ID:8426700
CAIRO, May 10 (MENA) - The new saving certificates issued by the National Bnak of Egypt (NBE) and Banque Misr of 15-percent monthly return garnered 121 billion pounds since they were issued on March 22, the two banks said on Sunday. Mohamed el ....
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Banque du Caire chairman issues statement on closure of downtown branch after 2 coronavirus infections
Date: 2020-05-10 06:42:10 GMT - Egypt - Economy - SN:3 - ID:8426660
CAIRO, May 10 (MENA) - Chairman and CEO of Banque du Caire Tarek Fayed stressed that the bank's Talaat Harb branch was immediately shut down one day after two of its employees were infected with coronavirus on Wednesday. Medical tests were ....
