Economy

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  • Category : Economy
  • 25% interest saving certificate to be suspended Tuesday: Banque Misr

    Date: 2023-01-29 16:02:24 GMT - Egypt - Economy - SN:65 - ID:9992254

    CAIRO, Jan 29 (MENA) - Banque Misr will suspend the 25 percent saving certificate Tuesday after achieving the target, said Board Chairman Mohamed el Atribi. The bank had previously announced that it would suspend the one-year maturity saving ....

  • Dollar exchange rate stable at end of Sunday transactions

    Date: 2023-01-29 15:49:56 GMT - Egypt - Economy - SN:63 - ID:9992009

    CAIRO, Jan 29 (MENA) - The US dollar exchange rate was stable at the end of transactions on Sunday at government and privately-owned banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate recorded EGP 29.74 for buying and ....

  • Bourse gains EGP 30 bln, all indexes up

    Date: 2023-01-29 14:17:02 GMT - Egypt - Economy - SN:58 - ID:9991950

    CAIRO, Jan 29 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Sunday's trading session, backed by strong purchases by local institutions and investment funds on the major and leading shares. The market capital ....

  • Egypt, WBG discuss enhancing private sector's participation in development

    Date: 2023-01-29 13:25:51 GMT - Egypt - Economy - SN:53 - ID:9991766

    CAIRO, Jan 29 (MENA) - International Cooperation Minister Rania el Mashat on Sunday discussed in a meeting with two officials of the World Bank Group (WBG), future cooperation programs to stimulate the transition to a green economy and the efforts ....

  • CIB fully acquires Mayfair CIB

    Date: 2023-01-29 12:30:10 GMT - Egypt - Economy - SN:46 - ID:9991717

    CAIRO, Jan 29 (MENA) - The Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) have granted the Commercial International Bank (CIB) their consent to acquire the remaining 49% of Mayfair CIB to become a fully owned subsidiary of the Bank, ....

  • Egypt printing, packaging & paper exports up 8% in 2022

    Date: 2023-01-29 11:27:37 GMT - Egypt - Economy - SN:41 - ID:9991436

    CAIRO, Jan 29 (MENA) - The Egyptian Export Council for Printing, Packaging, Paper, Literary and Artistic Works announced Sunday that the sector's exports in 2022 rose by eight percent to 1.063 billion dollars, compared with 987.8 million dollars the ....

  • Egypt to release coins bearing slogan of persons with disabilities -- Minister

    Date: 2023-01-29 10:52:36 GMT - Egypt - Economy - SN:38 - ID:9991406

    CAIRO, Jan 29 (MENA) – Some three million pounds will be released in one-pound coins that bear the slogan of persons with disabilities, said Finance Minister Mohamed Ma’eit Sunday. The move is meant to show appreciation for the differently-abled ....

  • EGX market cap exceeds EGP 1.1 trillion for first time

    Date: 2023-01-29 10:45:55 GMT - Egypt - Economy - SN:36 - ID:9991558

    CAIRO, Jan 29 (MENA) - For the first time in its history, the Egyptian Exchange (EGX) market capital exceeded on Sunday EGP 1.1 trillion prompted by strong activities of major stocks in the banking, communications, real estate and industrial ....

  • Dollar prices stable on onset of week trading

    Date: 2023-01-29 09:45:21 GMT - Egypt - Economy - SN:26 - ID:9991336

    CAIRO, Jan 29 (MENA) - The exchange rate of the US dollar remained stable at the beginning of Sunday's transactions at public and private banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate recorded EGP 29.74 for buying and ....

  • Gov't targets over 5.5 per cent economic growth in FY2023/2024: Finance min.

    Date: 2023-01-28 17:17:01 GMT - Egypt - Economy - SN:73 - ID:9990592

    CAIRO, Jan 28 (MENA) - Minister of Finance Mohamed Maait said Saturday the state budget for the FY2023/2024 targets more than 5.5 percent economic growth and an initial surplus of at least 2 percent. Addressing the 9th Akhbar Al-Youm Economic ....

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