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Economy
- Service : English General
- Category : Economy
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Cabinet announces increase in IMF loan to Egypt to $8bn
Date: 2024-03-06 15:21:14 GMT - Egypt - Economy - SN:47 - ID:10613486
CAIRO, March 6 (MENA) – The International Monetary Fund (IMF) has increased a new loan to Egypt from three to eight billion dollars, said Prime Minister Moustafa Madbouli Wednesday. Speaking in a press conference in the presence of an IMF ....
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Cabinet approves bills on oil exploration with int'l, national companies
Date: 2024-03-06 14:59:49 GMT - Egypt - Economy - SN:45 - ID:10613306
CAIRO, March 6 (MENA) - The cabinet approved during a meeting on Wednesday under Prime Minister Moustafa Madbouli five bills on offering license to the Petroleum Minister to implement petroleum commitment agreements between the Egyptian General ....
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EgyptAir cancels 2 flights heading to Frankfurt due to staff strike
Date: 2024-03-06 13:37:10 GMT - Egypt - Economy - SN:38 - ID:10613179
CAIRO, March 6 (MENA) – EgyptAir canceled on Wednesday two flights heading to Frankfurt due to staff strike. Frankfurt airport, Germany’s busiest, will be closed to passengers with planned departures due to a security staff strike. EgyptAir ....
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Egypt, IMF to seal new deal within hours -- Source
Date: 2024-03-06 13:35:13 GMT - Egypt - Economy - SN:37 - ID:10613176
CAIRO, March 6 (MENA) – The Egyptian government and the International Monetary Fund will sign a new financing agreement in the coming few hours, a well-informed source said Wednesday. The new deal is meant to enhance the economic reform program ....
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PM lauds CBE decisions to curb inflation
Date: 2024-03-06 13:07:37 GMT - Egypt - Economy - SN:35 - ID:10613169
CAIRO, March 6 (MENA) – Prime Minister Moustafa Madbouli has praised “important decisions” by the Central Bank of Egypt (CBE) meant to counter inflation. The CBE decisions made earlier Wednesday would allow the exchange rate to be determined in ....
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Mehasseb to MENA: CBE decision urgent to restrain inflation
Date: 2024-03-06 12:38:08 GMT - Egypt - Economy - SN:32 - ID:10613069
CAIRO, March 6 (MENA) - MP Ayman Mehasseb, the rapporteur for the National Dialogue committee for investment priorities, underlined the importance of the recent decisions taken by the Monetary Policy Committee (MPC) of the Central Bank of Egypt ....
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Dollar exchange rate further increases against Egyptian pound, hitting EGP 50
Date: 2024-03-06 12:35:57 GMT - Egypt - Economy - SN:31 - ID:10613026
CAIRO, March 6 (MENA) - The dollar exchange rate further increased Wednesday at Banque Misr, reaching EGP 50 for buying and EGP 50.10 for selling. At the National Bank of Egypt (NBE), the dollar price also upped again to EGP 49.50 for buying and ....
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Exchange rate of Saudi riyal exceeds EGP 13 at NBE
Date: 2024-03-06 12:34:02 GMT - Egypt - Economy - SN:30 - ID:10613054
CAIRO, March 6 (MENA) - The exchange rates of Arab currencies have risen against the Egyptian pound, with the Saudi riyal reaching EGP 13.19 for buying and 13.22 for selling at the National Bank of Egypt (NBE). The UAE dirham registered EGP ....
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Banque Misr issues new savings certificate with up to 30% interest rate
Date: 2024-03-06 11:02:45 GMT - Egypt - Economy - SN:24 - ID:10612884
CAIRO, March 6 (MENA) - Banque Misr announced the re-issue of "Ibn Misr" savings certificate with up to 30% as of March 6, 2024. In a statement on Wednesday, the certificate will offer annual returns up to 30% in the first year, 25% in the second ....
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Irrigation min. discusses with Italian amb. in Cairo bilateral cooperation
Date: 2024-03-06 10:58:04 GMT - Egypt - Economy - SN:21 - ID:10612667
CAIRO, March 6 (MENA) - Minister of Water Resources and Irrigation Hani Sweilem discussed during a meeting Wednesday with Italian ambassador to Egypt Michele Quaroni and his accompanying delegation bilateral cooperation in the water treatment, ....
