Economy

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  • Category : Economy
  • Egypt’s balance of payments hits $523.5 mln surplus by September - CBE

    Date: 2023-02-02 12:04:59 GMT - Egypt - Economy - SN:35 - ID:9999031

    CAIRO, Feb 2 (MENA) - Egypt’s balance of payments attained an overall surplus of $523.5 million by the end of September 2022, the Central Bank of Egypt (CBE) announced on Thursday. The surplus is attributed to growing revenues of tourism, Suez ....

  • Dollar exchange rate stable at Egypt's major banks

    Date: 2023-02-02 09:02:52 GMT - Egypt - Economy - SN:22 - ID:9998563

    CAIRO, Feb 2 (MENA) - The dollar exchange rate was stable at the beginning of Thursday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.05 for buying and EGP 30.15 for ....

  • Global (2): CGTN poll: China's economic rebound wins strong global confidence

    Date: 2023-02-02 08:05:16 GMT - China - Economy - SN:15 - ID:9998494

    Dear subscribers, following is a global bulletin published for PRNewswire:‎ ‎ ============================================================== BEIJING, Feb. 2, 2023 /PRNewswire/ -- Global respondents have strong confidence in Chinese economic ....

  • Global (1): SmartX Is Once Again Named a Fast Mover in HCI by GigaOm

    Date: 2023-02-02 06:45:27 GMT - China - Economy - SN:2 - ID:9998341

    Dear subscribers, following is a global bulletin published for PRNewswire:‎ ‎ ============================================================== BEIJING, Feb. 2, 2023 /PRNewswire/ -- GigaOm, a leading analyst firm, recognizes SmartX as a Fast Mover ....

  • US interest rate hikes by 0.25 percentage point to tame inflation

    Date: 2023-02-01 19:42:22 GMT - USA - Economy - SN:91 - ID:9998126

    WASHINGTON, Feb 1 (MENA) - The US Federal Reserve raised its key short-term interest rate by a quarter percentage point Wednesday, throttling back from a half-point hike in December and acknowledging that a historic inflation spike is slowing, USA ....

  • Electricity minister to fly to Senegal for 2nd Dakar financing summit

    Date: 2023-02-01 16:05:29 GMT - Egypt - Economy - SN:76 - ID:9997727

    CAIRO, Feb 1 (MENA) – Minister of Electricity and Renewable Energy Mohamed Shaker will head to the Senegalese capital Dakar to participate in the 2nd Dakar Financing Summit for Africa's Infrastructure Development (DFS-2), due to be held on Thursday ....

  • EGX indices show mixed performance

    Date: 2023-02-01 15:53:47 GMT - Egypt - Economy - SN:73 - ID:9997725

    CAIRO, Feb 1 (MENA) – Egyptian Exchange (EGX) indices showed mixed performance at the close of Wednesday's trading amid purchases from Arab institutions and investment funds. Meanwhile, sales prevailed in transactions of local and foreign ....

  • Global (6): SAUDI ARABIA WINS HOSTING RIGHTS OF THE AFC ASIAN CUP™ 2027

    Date: 2023-02-01 14:54:43 GMT - Kingdom of Saudi Arabia - Economy - SN:69 - ID:9997784

    Dear subscribers, following is a global bulletin published for PRNewswire:‎ ‎ ============================================================== RIYADH, Saudi Arabia, Feb. 1, 2023 /PRNewswire/ -- For the very first time in its rich history, ....

  • Railways revenues hit EGP 3.9 billion in 2022 - CAPMAS

    Date: 2023-02-01 14:43:11 GMT - Egypt - Economy - SN:68 - ID:9997770

    CAIRO, Feb 1 (MENA) - The Central Agency for Public Mobilization and Statistics (CAPMAS) said revenues of railways recorded EGP 3.9 billion in 2022, marking a 10.7 percent in comparison with 2021. In a press release on Wednesday, CAPMAS said the ....

  • PM says gov't to announce soon plan of listing 20 companies on Bourse

    Date: 2023-02-01 14:30:58 GMT - Egypt - Economy - SN:67 - ID:9997643

    CAIRO, Feb 1 (MENA) – Prime Minister Mostafa Madbouli revealed on Wednesday that the government will announce soon its plan of listing more than 20 companies on the Egyptian Stock Exchange (EGX). In a press release, the cabinet said the premier ....

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