Economy

  • Service : English General
  • Category : Economy
  • CBE maintains key interest rates of deposits, lending at 16.25%, 17.25% respectively

    Date: 2023-02-02 18:53:43 GMT - Egypt - Economy - SN:67 - ID:9999728

    CAIRO, Feb 2 (MENA) - The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept the current key interest rates unchanged in its meeting on Thursday. Accordingly, the CBE’s overnight deposit rate, overnight lending rate, and the rate ....

  • EgyptAir hosts MRO Africa 2023

    Date: 2023-02-02 18:49:44 GMT - Egypt - Economy - SN:64 - ID:9999343

    CAIRO, Feb 2 (MENA) – EgyptAir Holding Company is expected to host the MRO Africa 2023 and the 10th African Aviation Training Conference and Exhibition to be held in Cairo on February 5-7. The exhibition is held under the auspices of Minister of ....

  • EBRD says 1.3 bn euros invested in 25 projects in Egypt during 2022

    Date: 2023-02-02 18:20:06 GMT - United Kingdom - Economy - SN:62 - ID:9999495

    LONDON/CAIRO, Feb 2 (MENA) - The European Bank for Reconstruction and Development (EBRD) said that it has invested more than 1.3 billion euros in 25 projects in Egypt during 2022 to enhance green economy transition and financial inclusion. The ....

  • Dollar price stable at end of week's transactions

    Date: 2023-02-02 17:50:09 GMT - Egypt - Economy - SN:61 - ID:9999485

    CAIRO, Feb 2 (MENA) - The dollar exchange rate increased at the end of Thursday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.13 for buying and EGP 30.23 for ....

  • EGX denies issuing any statement on government's IPO program

    Date: 2023-02-02 17:41:09 GMT - Egypt - Economy - SN:59 - ID:9999602

    CAIRO, Feb 2 (MENA) - The Egyptian Stock Exchange (EGX) administration on Thursday denied that it has issued any statements on the details of the government's Initial Public Offerings (IPO) program. EGX asserted that this file is supervised by a ....

  • Reports on increase of customs tariffs on some commodities dismissed

    Date: 2023-02-02 16:33:58 GMT - Egypt - Economy - SN:52 - ID:9999344

    CAIRO, Feb 2 (MENA) - The media observatory of the customs authority denied on Thursday reports circulated by some social media pages that customs duties on some commodities, including electrical appliances and Yamish Ramadan (dried fruits and ....

  • GLOBAL (4): Sojern Expands Leadership Team With Strategic New Hires

    Date: 2023-02-02 15:06:54 GMT - USA - Economy - SN:45 - ID:9999448

    Dear subscribers, following is a global bulletin published for PRNewswire:‎ ‎ ========================================================= Sojern Expands Leadership Team With Strategic New Hires SAN FRANCISCO, Feb. 2, 2023 /PRNewswire/ -- Sojern, ....

  • Sisi to open Egypt Petroleum Show February 12 - min.

    Date: 2023-02-02 14:04:08 GMT - Egypt - Economy - SN:43 - ID:9999265

    CAIRO, Feb 2 (MENA) - Petroleum Minister Tarek el Molla said on Thursday that President Abdel Fattah El Sisi will open the sixth edition of the Egypt Petroleum Show (EGYPS) from February 12 at the Egypt International Exhibition Centre. The event ....

  • Dollar price increases at end of transactions at Egypt's major banks

    Date: 2023-02-02 13:39:25 GMT - Egypt - Economy - SN:42 - ID:9999036

    CAIRO, Feb 2 (MENA) - The dollar exchange rate increased at the end of Thursday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.13 for buying and EGP 30.23 for ....

  • Collective decline in Egypt bourse indexes at closing

    Date: 2023-02-02 13:22:27 GMT - Egypt - Economy - SN:41 - ID:9999206

    CAIRO, Feb 2 (MENA) - Egyptian Exchange (EGX) indexes went down collectively at the close of Thursday's trading, amid sales by Arab investors and foreign investment funds. Meanwhile, purchases prevailed in the transactions of local and Arab ....

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