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Economy
- Service : English
- Category : Economy
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Egyptian economy strong enough to cope with foreign crises - CBE governor
Date: 2020-02-16 23:15:24 GMT - Egypt - Economy - SN:5 - ID:8315001
Governor of the Central Bank of Egypt (CBE) Tarek Amer has stressed that Egypt’s economy has become stronger to cope with foreign crises and challenges thanks to the State’s recent successful reform program. Speaking to CNBC, he reiterated on ....
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Finance min.: Gov't seeks increasing financial allocations for health, education in FY 2020/21
Date: 2020-02-16 23:12:33 GMT - Egypt - Economy - SN:3 - ID:8314999
Finance Minister Mohamed Maait has said that the government is aimed at increasing financial allocations during the next fiscal year for the sectors of health and education, with a view to strengthening human, social and economic ....
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Mashat voices keenness to promote partnership with UNDP
Date: 2020-02-15 11:10:20 GMT - Egypt - Economy - SN:1 - ID:8312781
Minister of International Cooperation Rania al Mashat asserted the Egyptian government's keenness on furthering partnership with the UN Development Program (UNDP) and working for empowering women at the economic and social levels. At a meeting ....
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Anti-monopoly body probes legality of Telecom Egypt’s bid for acquisition of Vodafone
Date: 2020-02-13 00:13:10 GMT - Egypt - Economy - SN:5 - ID:8309774
The Egyptian Competition Authority said Wednesday it was probing the legality of using of the right of preemption by Telecom Egypt to fully acquire its peer and competitor Vodafone Egypt. The anti-monopoly body said it had received a formal ....
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CBE: Foreign currency reserves up by dlrs 37mn in January
Date: 2020-02-06 23:07:18 GMT - Egypt - Economy - SN:6 - ID:8301312
Foreign currency reserves jumped by about dlrs 37 million in January to reach dlrs 45.456 billion, the Central Bank of Egypt (CBE) said in a statement on Thursday. In December, the country's foreign reserves registered dlrs 45.419 billion, the ....
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Egypt, Taiwan seek enhancing industrial cooperation
Date: 2020-02-05 14:44:05 GMT - Egypt - Economy - SN:4 - ID:8299448
Chairman of the Arab Organization for Industrialization Abdel Monem El Tarras on Wednesday held talks with a delegation of the Taiwanese Tatung international company on means of boosting joint cooperation in the computer manufacturing field. The ....
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TE to assign investment bank to examine its Vodafone Egypt stake
Date: 2020-02-05 14:15:43 GMT - Egypt - Economy - SN:1 - ID:8299373
Telecom Egypt (TE) will assign an investment bank to study all options and available investment opportunities as regards its 45-percent share in Vodafone Egypt. The move comes following Saudi Telecom Company (STC) bid to acquire the 55-percent ....
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Egypt, Brazil seek promoting trade, economic cooperation
Date: 2020-01-30 23:37:19 GMT - Egypt - Economy - SN:4 - ID:8291948
Assistant Foreign Minister for US Affairs Mahi Hassan Abdel Latif discussed on Thursday with a delegation of the Arab-Brazilian Chamber of Commerce ways of promoting bilateral cooperation. Talks tackled enhancing trade and economic cooperation ....
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Bourse gains EGP 8.3bn, all indexes up
Date: 2020-01-29 23:51:39 GMT - Egypt - Economy - SN:2 - ID:8290544
Vodafone deal of selling its 55% stake in its Egyptian unit to Saudi Arabia’s largest telecom operator STC drove the bourse indexes to post collective gains on Wednesday. The market capital gained EGP 8.3 billion, registering EGP 699.8 billion, ....
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CBE: Egypt's domestic liquidity rises to EGP 4.053 trillion by end of November
Date: 2020-01-27 00:10:30 GMT - Egypt - Economy - SN:2 - ID:8285895
The Central Bank of Egypt (CBE) said in a report on Sunday that Egypt's domestic liquidity increased by EGP 189.5 billion to register EGP 4.053 trillion at an increase rate of 4.9% in July-November of the 2019/2020 fiscal year (FY). The report ....
