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Economy
- Service : English
- Category : Economy
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Remittances of Egyptian expats hit $5.3 bln in January, February of 2020 - CBE
Date: 2020-04-16 14:41:35 GMT - Egypt - Economy - SN:1 - ID:8398159
The Central Bank of Egypt (CBE) on Thursday said that remittances of Egyptian expatriates increased by 33.6 % in January and February 2020 to reach about $5.3 billion, compared to $3.9 billion recorded in the corresponding period of 2019. In a ....
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Protocol between military production ministry, African bank for establishing solar plants
Date: 2020-04-12 11:38:39 GMT - Egypt - Economy - SN:6 - ID:8392321
Minister of State For Military Production Mohamed Saeed El Assar attended on Sunday a ceremony for signing a cooperation protocol between Benha Electronic Co (Military plant 144) and the Arab African International Bank for establishing solar energy ....
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COVID-19 crisis likely to propel social protection reforms: Mashaat
Date: 2020-04-12 11:05:02 GMT - Egypt - Economy - SN:4 - ID:8392270
The novel coronavirus (COVID-19) crisis is likely to accelerate the structural reforms as regards the social protection and the irregular workers alongside activating the financial inclusion as per the policies of the Central Bank of Egypt (CBE), ....
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UN official expects robust economic recovery in Egypt in 2021
Date: 2020-04-12 10:53:03 GMT - Morocco - Economy - SN:1 - ID:8392249
Director of the North Africa Office of the United Nations Economic Commission for Africa Khaled Hussein said coronavirus crisis is a short-term crisis, expecting the Egyptian economy to witness a robust recovery in 2021. For years, Egypt has been ....
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Brent crude could plunge to ‘single-digit lows’: Fitch warns
Date: 2020-04-06 12:22:23 GMT - USA - Economy - SN:7 - ID:8384836
Brent crude futures could plunge to “single-digit lows” if major oil producers fail to reach a deal to cut output at a time when demand has collapsed due to the coronavirus pandemic, Fitch Solutions said in Friday report published by CNBC on ....
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State civil servants to receive monthly salaries as of April 19
Date: 2020-04-06 10:48:23 GMT - Egypt - Economy - SN:6 - ID:8384621
Finance Minister Mohamed Maait said civil servants at all state administrative bodies will get their monthly salaries as of Sunday, April 19, instead of Thursday, April 24. He stressed that specific payment dates have been set for the ministries, ....
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Egypt bourse gains EGP 2.4 billion, all indexes up
Date: 2020-04-02 15:34:59 GMT - Egypt - Economy - SN:1 - ID:8380131
The Egyptian Exchange (EGX) indexes continued collective gains on Thursday prompted by purchases by institutions and investment funds. The market capital gained 2.4 billion pounds to hit EGP 528.4 billion, amid transactions that hit EGP 1.9 ....
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EGX indexes show mixed performance, benchmark down 1.54 pct
Date: 2020-03-29 14:20:41 GMT - Egypt - Economy - SN:9 - ID:8374522
The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday's trading, amid selling operations by Arab and foreign institutions and investment funds. The market capital lost about EGP 2 billion, registering EGP 537.9 ....
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CBE to pay ATM fees for pensioners for 6 months
Date: 2020-03-29 11:34:51 GMT - Egypt - Economy - SN:4 - ID:8374258
The Central Bank of Egypt (CBE) will bear ATM cash withdrawal fees for pensioners on behalf of the Social Solidarity Ministry for six months as part of efforts to contain the repercussions of coronavirus outbreak. A reliable source told MENA that ....
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Egypt bourse okays e-voting amid coronavirus fears
Date: 2020-03-29 09:55:01 GMT - Egypt - Economy - SN:1 - ID:8374061
The Egyptian Exchange announced on Sunday the activation of an e-voting system for companies registered in the bourse in compliance with Prime Minister Moustafa Madbouli's decision to ban all activities involving large gathering. In a statement, ....
