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Economy
- Service : English
- Category : Economy
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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 ....
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CAPMAS: Monthly inflation rate up 1.6 percent in April
Date: 2020-05-10 10:25:03 GMT - Egypt - Economy - SN:5 - ID:8426922
The Central Agency for Public Mobilization and Statistics (CAPMAS) said the monthly inflation rate increased by 1.6 percent in April compared to March with the annual inflation rate hitting 5.9 percent in April compared with 12.5 percent in the ....
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High-yield savings certificates of NBE, Banque Misr post EGP 121 billions in gains
Date: 2020-05-10 09:33:39 GMT - Egypt - Economy - SN:4 - ID:8426852
The new saving certificates issued by the National Bank of Egypt (NBE) and Banque Misr of 15-percent monthly return garnered 121 billion pounds since they were issued on March 22, the two banks said on Sunday. Mohamed el Atrebi, Board Chairman of ....
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Banque du Caire chairman issues statement on closure of downtown branch after 2 coronavirus infections
Date: 2020-05-10 09:29:24 GMT - Egypt - Economy - SN:2 - ID:8426844
Chairman and CEO of Banque du Caire Tarek Fayed stressed that the bank's Talaat Harb branch was immediately shut down one day after two of its employees were infected with coronavirus on Wednesday. Medical tests were conducted on the other ....
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Egypt bourse gains EGP 5 billion in first five minutes
Date: 2020-04-26 14:18:39 GMT - Egypt - Economy - SN:4 - ID:8410518
The Egyptian Exchange (EGX) indexes achieved collective gains in the first five minutes of Sunday trading session prompted by purchases by Egyptian and Arab institutions and investment funds. The purchases came following Prime Minister Moustafa ....
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Egypt keeps superiority in MENA startup deals: ITIDA
Date: 2020-04-26 14:14:27 GMT - Egypt - Economy - SN:1 - ID:8410509
Egypt has maintained its first place rank in the Middle East and North Africa in terms of the number of financing and investment deals directed to startups in the region during the first quarter of 2020, according to a report issued by MAGNiTT ....
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CBE makes some clarifications on loan installment postponement
Date: 2020-04-16 14:50:29 GMT - Egypt - Economy - SN:9 - ID:8398180
Under the loan installment postponement initiative, the Central Bank of Egypt made clear on Thursday that accrued interest rate will be applied on the remaining amounts of loan and not on the total loan value. The CBE has earlier decided to ....
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Free Zones companies can now manufacture respirator masks, protective gear
Date: 2020-04-16 14:44:53 GMT - Egypt - Economy - SN:4 - ID:8398165
The industrial companies operating under the free zones system are now authorized to manufacture respirator masks and protective gear just by notice. The decision was taken by Executive President of the General Authority of Free Zones and ....
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AOI, SCZone sign framework agreement for partnership
Date: 2020-04-16 14:43:20 GMT - Egypt - Economy - SN:3 - ID:8398163
The Arab Organization for Industrialization (AOI) and the General Authority For Suez Canal Economic Zone (SCZone) signed on Thursday a framework agreement for partnership to secure local market needs and increase exports to Arab and African ....
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IMF official says Egypt's anti-COVID-19 measures decisive
Date: 2020-04-16 14:42:24 GMT - USA - Economy - SN:2 - ID:8398162
An International Monetary Fund (IMF) official said on Thursday the measures taken by Egypt to curb the outbreak of novel coronavirus are decisive and have been backed by a comprehensive stimulus package to ease the repercussions of the ....
