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Economy
- Service : English General
- Category : Economy
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Seventh stage of Instant Cash Payment initiative to start Sunday - Maait
Date: 2024-03-07 12:18:11 GMT - Egypt - Economy - SN:39 - ID:10614837
CAIRO, March 7 (MENA) - Finance Minister Mohamed Maait said on Thursday that exporters wishing to join the seventh stage of the Instant Payment Initiative can submit applications from Sunday, March 9, till May 9. The cabinet, in its meeting on ....
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PM says govt acting to deal a blow to black market
Date: 2024-03-07 11:46:25 GMT - Egypt - Economy - SN:34 - ID:10614710
ALEXANDRIA, March 7 (MENA) – Prime Minister Moustafa Madbouli said Thursday that new measures taken by his government are meant to deal a blow to dealers of the black market and a system of networks that controls remittances of expats. Madbouli ....
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PM: Exporting 1st shipment of artificial silk, polyester factory in Kafr el-Dawar
Date: 2024-03-07 11:45:53 GMT - Egypt - Economy - SN:33 - ID:10614478
KAFR EL DAWAR, Egypt March 7 (MENA) - Prime Minister Mostafa Madbouli confirmed the start of exporting the first shipment from the artificial silk and polyester factory in Kafr El Dawar, noting that the government’s goal in the coming period is to ....
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Egypt: Historic deal brings valuable cash windfall
Date: 2024-03-07 11:20:54 GMT - USA - Economy - SN:30 - ID:10614618
WASHINGTON, March 7 (MENA) - Prime Minister Mostafa Madbouly announced On February 23 a massive $35bn deal with ADQ —an Abu-Dhabi-based sovereign wealth fund— marking the largest inflow of FDI in the history of Egypt. The deal gives ADQ ....
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Dollar exchange rate inches down in mid-day of Thursday's transactions
Date: 2024-03-07 10:58:22 GMT - Egypt - Economy - SN:28 - ID:10614587
CAIRO, March 7 (MENA) - The dollar exchange rate inched down in the mid-day of Thursday's transactions at Egypt's major banks after yesterday's rise in dollar prices by 18-20 pounds. At the National Bank of Egypt (NBE) and Banque Misr, the dollar ....
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CSDD to improve companies' governance practices: official
Date: 2024-03-07 10:57:01 GMT - Egypt - Economy - SN:27 - ID:10614378
CAIRO, March 7 (MENA) - Mostafa Sherbini, an international expert in Sustainability and Climate Risk Assessment and Ambassador of the European Climate Charter, asserted that the EU's Corporate Sustainability Due Diligence Directive is to improve ....
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Madbouli arrives at Alexandria Port to oversee release of goods
Date: 2024-03-07 10:42:50 GMT - Egypt - Economy - SN:26 - ID:10614533
ALEXANDRIA, March 7 (MENA) - Prime Minister Mostafa Madbouli arrived at Alexandria Port Thursday to supervise the process of releasing goods in implementation of directives of President Abdel Fattah El Sisi to follow up on progress of the release ....
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Egypt's bourse announces shorter trading hours during Ramadan
Date: 2024-03-07 10:08:22 GMT - Egypt - Economy - SN:21 - ID:10614515
CAIRO, March 7 (MENA) - Egypt's Exchange decided to shorten daily trading hours to three hours and a half during the holy fasting month of Ramadan. The bourse said trading session of listed securities (Main Market) and Small & Medium Enterprises ....
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Dollar exchange rate stable at beginning of Thursday's transactions
Date: 2024-03-07 08:24:30 GMT - Egypt - Economy - SN:11 - ID:10614295
CAIRO, March 7 (MENA) - The dollar exchange rate was stable at the start of Thursday's transactions at Egypt's major banks after yesterday's rise in dollar prices by 18-20 pounds. At the National Bank of Egypt (NBE) and Banque Misr, the dollar ....
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CBE governor confirms sufficient foreign currency to secure Egypt's obligations - 6 last Cairo
Date: 2024-03-06 22:58:36 GMT - Egypt - Economy - SN:87 - ID:10614057
While loan-to-deposit ratio reached 54 per cent, interest rate on assets is now 1.2 per cent, Deputy CBE Governor in charge of Banking Stability Tarek Elkholy said, noting that the recent measures adopted by the CBE are critical for unifying the ....
