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Economy
- Service : English General
- Category : Economy
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CBE explains reasons behind keeping interest rates unchanged
Date: 2023-12-21 18:39:54 GMT - Egypt - Economy - SN:61 - ID:10501765
CAIRO, Dec 21 (MENA) - In its meeting on Thursday, the Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 19.25 percent, ....
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CBE keeps interest rates on deposits, loans unchanged
Date: 2023-12-21 17:22:10 GMT - Egypt - Economy - SN:58 - ID:10501764
CAIRO, Dec 21 (MENA) - The Central Bank of Egypt (CBE) has decided to keep the overnight deposit rate and overnight lending rate unchanged at 19.25 percent and 20.25 percent respectively. The decision was made by the CBE's Monetary Policy ....
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GASC announces 2 tenders to deliver 31K tons of soybean oil, 10.5K tons of sunflower oil
Date: 2023-12-21 16:27:42 GMT - Egypt - Economy - SN:53 - ID:10501539
CAIRO, Dec 21 (MENA) - The General Authority for Supply Commodities (GASC) has announced a tender to supply 30,000 tons of imported crude soybean oil and 10,000 tons of imported crude sunflower oil. In a statement released on Thursday, the GASC ....
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German diplomat says Damietta port project is landmark in relations with Egypt
Date: 2023-12-21 16:10:49 GMT - Egypt - Economy - SN:49 - ID:10501614
CAIRO, Dec 21 (MENA) - German Ambassador in Cairo Frank Hartmann said on Thursday Egypt's Damietta port project is a landmark in economic relations binding the two countries. The diplomat gave the remarks following the signing of an agreement ....
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Petroleum min. inspects projects of Tanta's petroleum geographic region
Date: 2023-12-21 16:08:12 GMT - Egypt - Economy - SN:47 - ID:10501377
CAIRO, Dec 21 (MENA) - Minister of Petroleum and Mineral Resources Tarek el Molla on Thursday asserted the significance of the constant development of the petroleum geographic region in Tanta, in order ensure supplying oil products - including ....
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Investments of Robbiki leather city reach 7.2 billion pounds - minister
Date: 2023-12-21 15:57:50 GMT - Egypt - Economy - SN:46 - ID:10501540
CAIRO, Dec 21 (MENA) - Trade and Industry Minister Ahmed Samir said on Thursday total investments of Robbiki Leather City, a model city dedicated for upgrading the leather industry in Egypt, are estimated at 7.2 billion pounds. The minister gave ....
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Electricity min., US amb. probe boosting investments
Date: 2023-12-21 15:32:08 GMT - Egypt - Economy - SN:43 - ID:10501355
CAIRO, Dec 21 (MENA) - Minister of Electricity and Renewable Energy Mohamed Shaker on Thursday said the expansion in reliance on renewable energy contributes to boosting the share of the clean energy in power generation and preserving the ....
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International consortium to back second container terminal at Damietta port
Date: 2023-12-21 15:11:11 GMT - Egypt - Economy - SN:40 - ID:10501464
CAIRO, Dec 21 (MENA) - A consortium of international companies and institutions will support the development of a second container terminal in Damietta Port in Egypt, which will triple the port’s container capacity and improve its competitiveness. ....
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Sisi asserts importance of developing ports
Date: 2023-12-21 14:24:45 GMT - Egypt - Economy - SN:32 - ID:10501294
CAIRO, Dec 21 (MENA) - President Abdel Fattah El Sisi asserted the importance of upgrading ports for boosting Egypt's position as an international hub for trade exchange and logistics services to support national development plans and achieve ....
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Bourse indexes down at close of Thursday's trading session
Date: 2023-12-21 12:58:48 GMT - Egypt - Economy - SN:27 - ID:10501341
CAIRO, Dec 21 (MENA) - Egyptian Exchange (EGX) indexes declined at the close of Thursday's trading session, on the back of sales by Egyptian, Arab and foreign investors. The session saw buying operations by Arab, local and foreign ....
