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Economy
- Service : English
- Category : Economy
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CBE shuts 5 brokerage companies over violations
Date: 2020-03-26 15:33:57 GMT - Egypt - Economy - SN:7 - ID:8371029
The Central Bank of Egypt (CBE) closed five brokerage companies for one year over violating the banking system rules, said an official source with the bank. The five closed companies' licenses have not been revoked, the source added. ....
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Banque Misr head: Bank's proceeds from fixed-rate certificates hit EGP 7.6 bn in four days
Date: 2020-03-26 10:47:19 GMT - Egypt - Economy - SN:3 - ID:8370447
Banque Misr Board Chairman Mohamed el Etribi said the bank's proceeds from certificates of deposit with a 15 percent fixed rate hit EGP 7.6 billion in four day. In statements to MENA on Thursday, Etribi said these certificates will be available ....
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Egyptian banks to postpone loan payments for 6 months over coronavirus
Date: 2020-03-22 14:09:19 GMT - Egypt - Economy - SN:6 - ID:8365014
The Central Bank of Egypt gave on Sunday directives to all banks across the nation to postpone credit dues for individual debts, including real-estate loans, for six months. No fines will be levied in case of late payment, the bank ....
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Egypt's bourse gains 18.4 billion pounds
Date: 2020-03-22 10:20:47 GMT - Egypt - Economy - SN:1 - ID:8364608
All indices of Egypt Stock Exchange jumped in the first minutes of morning trading on Sunday with the main index upping by 6.38 percent. The increase is prompted by the stimulus procedures the government has adopted and to the initiative that the ....
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CBE cuts interest rates of some economic initiatives
Date: 2020-03-19 23:58:26 GMT - Egypt - Economy - SN:7 - ID:8361842
The Central Bank of Egypt (CBE) decided on Thursday to lower the interest rates applied on some economic initiatives to 8 percent, down from 10 percent. The CBE has launched several economic initiatives, aimed at spurring the activities of the ....
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CBE launches initiative to support financially-strapped clients
Date: 2020-03-17 07:35:24 GMT - Egypt - Economy - SN:3 - ID:8357100
The Central Bank of Egypt (CBE) decided to launch an initiative to support financially-strapped clients whose loans are less than EGP 1 million. In a statement on Monday, the CBE said the initiative is meant to support even the clients against ....
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CBE dismisses issuing precautionary measures against COVID-19
Date: 2020-03-14 23:12:52 GMT - Egypt - Economy - SN:3 - ID:8353916
The Central Bank of Egypt (CBE) denied reports circulated on social media about issuing precautionary measures for in Egypt against the coronavirus. Any instructions, to be issued in this score, will be announced officially, CBE said in a ....
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EGX indexes show mixed performance, benchmark up 0.55 pct
Date: 2020-03-02 15:27:20 GMT - Egypt - Economy - SN:11 - ID:8336164
The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Monday's trading, amid purchases by local institutions and investment funds. The market capital gained about EGP 600 million, closing at EGP 635.6 billion after ....
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Unemployment rate reached 8 percent in Q4 2019
Date: 2020-03-01 00:44:16 GMT - Egypt - Economy - SN:3 - ID:8333360
Minister of Planning and Economic Development Hala el Saeed said on Saturday the jobless rate stood at 8 percent in the fourth quarter of 2019, compared to 8.9 percent in the same period last year. The total workforce increased by 1.9 percent to ....
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CBE doubles capped loans limit for mortgage finance
Date: 2020-02-18 07:37:40 GMT - Egypt - Economy - SN:3 - ID:8316644
The Central Bank of Egypt (CBE) has upped the capped loans limit for mortgage finance from five percent to 10 percent from the overall bank loan portfolio. The move falls within the framework of a new initiative adopted by the CBE to promote the ....
