Economy

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  • Category : Economy
  • CBE: Foreign reserve rises to $34 bln in December 2022

    Date: 2023-01-03 19:04:17 GMT - Egypt - Economy - SN:82 - ID:9952149

    CAIRO, Jan 3 (MENA) - The Central Bank of Egypt (CBE) on Tuesday announced that the country's foreign reserves rose by USD 470 million to hit nearly USD 34 billion in December 2022, compared to USD 33.5 billion in November. (MENA) M R E/R E E ....

  • Sisi directs govt to continue releasing goods stuck at ports

    Date: 2023-01-03 17:29:42 GMT - Egypt - Economy - SN:78 - ID:9951942

    CAIRO, Jan 3 (MENA) - President Abdel Fattah El Sisi directed the government to swiftly continue releasing all goods stuck at the country's ports, as well as simplify all customs clearance procedures. Sisi's directives came during his meeting on ....

  • EGX studies introduction of Islamic Sharia-aligned index

    Date: 2023-01-03 16:50:17 GMT - Egypt - Economy - SN:76 - ID:9951947

    CAIRO, Jan 3 (MENA) - Chairman of the Egyptian Exchange Ramy El-Dokany said on Tuesday that EGX is currently studying introducing a new index that conforms with Islamic Sharia to deal with investors and investment funds which are interested in ....

  • EGX saw EGP 30.2 bln increase in capital in 2022 - chairman

    Date: 2023-01-03 16:43:56 GMT - Egypt - Economy - SN:75 - ID:9951801

    CAIRO, Jan 3 (MENA) - Chairman of the Egyptian Exchange Ramy El-Dokany said on Tuesday that the increase in capital in EGX during 2022 amounted to EGP 30.2 billion. In a press conference on EGX 2022 recap, Dokany noted this figure represents a ....

  • PM follows up efforts to lure foreign investments in various sectors

    Date: 2023-01-03 15:55:29 GMT - Egypt - Economy - SN:73 - ID:9951869

    CAIRO, Jan 3 (MENA) - Prime Minister Mostafa Madbouli on Tuesday held a cabinet meeting to follow up on the government's efforts to attract foreign investments in different sectors. The meeting was attended by Electricity Minister Mohamed Shaker, ....

  • Number of companies listed in EGX in 2022 rose to 242 - chairman

    Date: 2023-01-03 15:54:11 GMT - Egypt - Economy - SN:70 - ID:9951693

    CAIRO, Jan 3 (MENA) – The number of companies listed in the Egyptian Exchange (EGX) increased from 237 in 2021 to 242 in 2022, EGX Chairman Rami El-Dokany said. In a press conference held Tuesday on EGX 2022 recap, Dokany added that the treasury ....

  • EGX indexes' revenues hiked 22% in 2022 - chairman

    Date: 2023-01-03 15:53:54 GMT - Egypt - Economy - SN:69 - ID:9951698

    CAIRO, Jan 3 (MENA) - Egyptian Exchange Chairman Rami El Dokany said EGX indexes' revenues hiked 22% in 2022, making its performance among the world's best exchanges. In a press conference on Tuesday on EGX 2022 recap, Dokany pointed out that ....

  • Cabinet: Investors unit dealt with 250 complaints

    Date: 2023-01-03 15:53:34 GMT - Egypt - Economy - SN:68 - ID:9951854

    CAIRO, Jan 3 (MENA) - First assistant prime minister Randa el Menshawi said on Tuesday the cabinet's investors unit continued it efforts to solve problems and challenges facing investors and foreign and local companies. During a meeting to ....

  • Trading at EGX hit record levels in 2022 as it exceeded EGP 1 trillion - chairman

    Date: 2023-01-03 15:52:39 GMT - Egypt - Economy - SN:65 - ID:9951803

    CAIRO, Jan 3 (MENA) – Trading at the Egyptian Exchange (EGX) hit record levels in 2022, topping EGP 1 trillion for the first time in its history, EGX Chairman Rami El-Dokany said. In a press conference on EGX 2022 recap, Dokany noted that the EGX ....

  • President Sisi follows up on state's financial indices

    Date: 2023-01-03 15:51:13 GMT - Egypt - Economy - SN:62 - ID:9951902

    CAIRO, Jan 3 (MENA) - President Abdel Fattah El Sisi has followed up on the state's financial indices and activities of customs and taxes authorities. Presidential spokesman Bassam Rady said the president reviewed rates of releasing goods from ....

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