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Economy
- Service : English
- Category : Economy
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US dollar loses 12 piasters against Egyptian pound in October
Date: 2020-10-16 22:50:18 GMT - Egypt - Economy - SN:2 - ID:8631105
The US dollar has lost 12 piasters against the Egyptian pound in October, the local currency has been boosted by positive economic news and the return of the foreign inflows into the Egyptian market. At the Arab African International Bank, CIB, ....
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CBE announces setting up EgyCash company for money transfer
Date: 2020-10-10 22:29:18 GMT - Egypt - Economy - SN:5 - ID:8622946
The Central Bank of Egypt announced on Saturday setting up EgyCash company for technological solutions of monetary dealing. In press statements, company chairman Hani Omar said that the establishment of the company comes within the framework of a ....
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Finance minister: Egypt seeks increasing cooperation with S. Korea
Date: 2020-09-01 09:14:09 GMT - Egypt - Economy - SN:6 - ID:8569569
c said on Tuesday that the government is keen on increasing foreign investments in Egypt especially the Korean investments. At a meeting with the new South Korean Ambassador Hong Jin-Wook, Maait added that the government is working to remove all ....
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EGX gains EGP 45.4 bn in August
Date: 2020-09-01 06:36:23 GMT - Egypt - Economy - SN:1 - ID:8569345
The Egyptian Exchange (EGX) gained EGP 54.4 billion during August trading. The market capital hit EGP 360.9 billion in August, marking a 7.8 percent rise in comparison with July. The EGX 30 benchmark index went up by 7.23 percent to register ....
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State budget for FY 2020/21 targets completing path of human capital capacity building: minister
Date: 2020-08-08 16:34:40 GMT - Egypt - Economy - SN:1 - ID:8538650
Finance Minister Mohamed Maait said the state budget for the 2020/2021 fiscal year targets completing the path of human capital capacity building at the health, educational and social levels in a way that goes in line with the political leadership's ....
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Saving certificates of NBE, BM garner EGP 255 bn in 4 months
Date: 2020-07-24 19:15:51 GMT - Egypt - Economy - SN:2 - ID:8521021
CAIRO, July 24 (MENA) - The saving certificates issued by the National Bank of Egypt (NBE) and Banque Misr (BM) of 15-percent monthly return garnered some EGP 255 billion pounds in four months, the two banks said on Friday. In statements to MENA, ....
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AOI, ABE sign deal to promote digital transformation
Date: 2020-07-21 10:07:33 GMT - Egypt - Economy - SN:5 - ID:8516370
The Arab Organization for Industrialization (AOI) and the Agricultural Bank of Egypt (ABE) signed a cooperation deal to promote digital transformation. During the signing ceremony, AOI Chairman Abdel Moneim al Taras asserted that the AOI is ....
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Bourse gains EGP 4.4 bln, all indexes up
Date: 2020-06-30 15:00:58 GMT - Egypt - Economy - SN:1 - ID:8490147
The Egyptian Exchange (EGX) indexes posted gains during Tuesday trading, reflected positively on purchase by local institutions. The market capital gained EGP 4.4 billion to reach EGP 589.9 billion. The EGX 30 benchmark index went up by 0.13 ....
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CIB donates dlrs 7 million to back State's anti-coronavirus efforts
Date: 2020-05-10 11:34:00 GMT - Egypt - Economy - SN:9 - ID:8427057
The Commercial International Bank (CIB) donates dlrs seven million to back State's efforts against coronavirus pandemic. This came in a letter sent to Prime Minister Moustafa Madbouli by CIB chairman Hisham Ezzel Arab. The donation will boost ....
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CBE weighs expanding industry stimulus package to contractor sector: governor
Date: 2020-05-10 11:29:53 GMT - Egypt - Economy - SN:7 - ID:8427049
Central Bank of Egypt (CBE) Governor Tarek Amer said Sunday he will propose including the contractor sector to the banks's 100 billion pound industry stimulus initiative. The initiative intends to support industry and agricultural manufacturing ....
