Economy

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  • IMF lauds Egypt's economic reforms

    IMF lauds Egypt's economic reforms

    Date: 2024-08-27 06:09:38 GMT - Egypt - Economy - SN:3 - ID:10845283

    The International Monetary Fund (IMF) lauded Egypt's economic reforms, which contributed to improving economic indicators and reducing inflation rates. Egypt's economic outlook is expected to improve as the country pushes ahead with structural ....

  • IMF lauds improved Egyptian economy, allows immediate draw of $820mn

    IMF lauds improved Egyptian economy, allows immediate draw of $820mn

    Date: 2024-07-30 04:36:08 GMT - Egypt - Economy - SN:1 - ID:10807199

    The Executive Board of the International Monetary Fund (IMF) has completed the third review of Egypt’s Extended Fund Facility (EFF) arrangement. This enables the authorities to immediately draw about US$820 million, an IMF statement said Tuesday. ....

  • CBE: inflation down 27.1% in May 2024

    CBE: inflation down 27.1% in May 2024

    Date: 2024-06-11 05:46:25 GMT - Egypt - Economy - SN:3 - ID:10743211

    The Central Bank of Egypt (CBE) said on Monday that on an annual basis, the country's core inflation recorded 27.1% in May 2024, compared with 31.8% in April 2024. In a statement, CBE added that monthly urban headline CPI inflation, published by ....

  • Dollar exchange rate stable at start of Tuesday's transactions

    Dollar exchange rate stable at start of Tuesday's transactions

    Date: 2024-05-14 08:09:40 GMT - Egypt - Economy - SN:7 - ID:10704415

    The dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB) the dollar rate registered EGP 47.02 for buying and ....

  • Planning minister says studying to set up sovereign fund for industry

    Planning minister says studying to set up sovereign fund for industry

    Date: 2024-05-14 04:56:23 GMT - Egypt - Economy - SN:2 - ID:10704120

    Planning and Economic Development Minister Hala el Saeid said Monday that the ministry is studying the establishment of a sub-fund for industry as it is an important sector, with employment and export capacity. This came during the minister's ....

  • Dollar exchange rate declines at start of Thursday's transactions

    Dollar exchange rate declines at start of Thursday's transactions

    Date: 2024-04-18 08:41:36 GMT - Egypt - Economy - SN:4 - ID:10666547

    CAIRO, April 18 (MENA) - The dollar exchange rate inched down between 25-30 piasters at the start of Thursday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 48.45 for ....

  • Dollar exchange rate stable at beginning of Tuesday's transactions

    Dollar exchange rate stable at beginning of Tuesday's transactions

    Date: 2024-04-16 09:17:49 GMT - Egypt - Economy - SN:3 - ID:10663634

    The dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 48.30 for buying and EGP 48.40 for selling. At the ....

  • Dollar exchange rate stable at beginning of Tuesday's transactions

    Dollar exchange rate stable at beginning of Tuesday's transactions

    Date: 2024-04-02 10:35:48 GMT - Egypt - Economy - SN:6 - ID:10647513

    The dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 47.15 for buying and EGP 47.25 for selling. At the ....

  • Dollar exchange rate stable at beginning of Tuesday's transactions

    Dollar exchange rate stable at beginning of Tuesday's transactions

    Date: 2024-03-19 08:40:54 GMT - Egypt - Economy - SN:3 - ID:10629776

    The dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), the dollar rate registered EGP 47.12 for buying and EGP 47.22 for selling. At Banque Misr, the dollar rate ....

  • Dollar exchange rate stable at start of Tuesday's transactions

    Dollar exchange rate stable at start of Tuesday's transactions

    Date: 2024-02-20 09:12:17 GMT - Egypt - Economy - SN:2 - ID:10588969

    The dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buying and EGP 30.85 for selling. At the ....

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