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Economy
- Service : English General
- Category : Economy
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GASC announces tender to purchase imported wheat
Date: 2024-03-06 21:19:20 GMT - Egypt - Economy - SN:81 - ID:10614021
CAIRO, March 6 (MENA) - The General Authority for Supply Commodities (GASC) has announced a tender for the purchase of imported wheat on a free-on-board (FOB) basis. The wheat shipment is set to arrive during the period from May 1 to 10, GASC ....
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CBE governor confirms sufficient foreign currency to secure Egypt's obligations 3 Cairo
Date: 2024-03-06 20:59:07 GMT - Egypt - Economy - SN:77 - ID:10614039
The CBE governor said some traders blamed the current increase in the prices of goods on their inability to get dollar, adding that prices will be stabilized after pumping large quantities of cash into the banking system. He made clear that ....
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CBE governor confirms sufficient foreign currency to honor Egypt's obligations, 2 Cairo
Date: 2024-03-06 20:52:20 GMT - Egypt - Economy - SN:76 - ID:10614010
The CBE governor said that having two exchange rates could be the biggest threat to citizens, warning that in that case the black market will include all the commodities, which will, likewise, have two prices. The Egyptian state has been working ....
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Egypt presses for strengthened regional integration
Date: 2024-03-06 20:18:13 GMT - Egypt - Economy - SN:74 - ID:10613988
CAIRO, March 6 (MENA) – Assistant Finance Minister Ashraf Sultan has stressed the need to strengthen regional integration and cooperation. It is important to support the development of sustainable and comprehensive infrastructure, Sultan said in ....
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PM announces new deal with IMF - 5 last Cairo
Date: 2024-03-06 19:34:57 GMT - Egypt - Economy - SN:72 - ID:10613865
As soon as the deal is signed with the IMF, the government will be able to apply to the Environmental Sustainability Fund (ESF) for another loan in the amount of 1 or 1.2 billion dollars, taking total value of the government's integrated program ....
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PM: More good news ahead for national economy
Date: 2024-03-06 19:08:36 GMT - Egypt - Economy - SN:71 - ID:10613783
CAIRO, March 6 (MENA) – Prime Minister Mostafa Madbouli said more good news are expected over the period ahead as regards the Egyptian State and national economy. Madbouli was speaking during a news briefing held the Cabinet weekly meeting on ....
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FEI: CBE’s decision significant step towards monetary reforms
Date: 2024-03-06 18:54:42 GMT - Egypt - Economy - SN:69 - ID:10613848
CAIRO, March 6 (MENA) - The Federation of Egyptian Industries (FEI) said Wednesday the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decision to allow the exchange rate to be determined according to market mechanisms is an ....
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CBE governor confirms sufficient foreign currency to honor Egypt's obligations
Date: 2024-03-06 18:30:08 GMT - Egypt - Economy - SN:67 - ID:10613904
CAIRO, March 6 (MENA) - Governor of the Central Bank of Egypt Hassan Abdullah confirmed on Wednesday that there are sufficient foreign currency in the country to honor its obligations, especially after unifying exchange rates. At a press ....
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Finance min. says deal with IMF aims to restore stability to Egypt economy
Date: 2024-03-06 17:42:36 GMT - Egypt - Economy - SN:61 - ID:10613745
CAIRO, March 6 (MENA) - Minister of Finance Mohamed Maait said Wednesday the agreement with the International Monetary Fund (IMF) on the first and second reviews aims to restore stability of the Egyptian economy and bring it back on the right ....
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IMF official: Deal with Egypt "significant step in our continued strong partnership"
Date: 2024-03-06 17:00:39 GMT - USA - Economy - SN:57 - ID:10613730
WASHINGTON, March 6 (MENA) - Kristalina Georgieva, Managing director of the International Monetary Fund (IMF), said the IMF has reached a Staff-Level Agreement with Egypt on its reform program, which aims to restore economic stability and ensure ....
