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Economy
- Service : English
- Category : Economy
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Cabinet denies importing amounts of natural gas
Date: 2020-01-25 00:50:58 GMT - Egypt - Economy - SN:7 - ID:8283532
The Cabinet on Friday dismissed reports circulated on social media claiming that Egypt has imported natural gas to meet domestic shortage. The Cabinet media center said it contacted the Ministry of Petroleum and Mineral Resources which denied ....
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Egypt banking system outlook is stable on robust growth, high liquidity: Moody's
Date: 2020-01-23 23:51:10 GMT - USA - Economy - SN:1 - ID:8282422
The outlook for Egypt's banking system is stable over the next 12-18 months as the banks maintain high liquidity amid an expanding economy that will help them generate more loans and business, Moody's Investors Service posted on its website. "The ....
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CBE denies reports on counterfeit banknotes traded at markets
Date: 2020-01-17 00:12:57 GMT - Egypt - Economy - SN:4 - ID:8273034
The Central Bank of Egypt denied reports circulated on social media on the presence counterfeit paper banknotes from the category of 200 EGP traded in the markets, asserting that there is continued coordination with the Ministry of Interior and ....
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CBE keeps interest rates unchanged
Date: 2020-01-17 00:09:13 GMT - Egypt - Economy - SN:2 - ID:8273032
The Central Bank of Egypt (CBE) on Thursday decided to keep the key interest rates unchanged. The CBE kept the overnight deposit rate at 12.25 percent and the overnight lending rate at 13.25 percent. It also maintained the rate of the main ....
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USAID launches $90 mln initiative on knowledge economy
Date: 2020-01-09 23:56:22 GMT - Egypt - Economy - SN:5 - ID:8263357
The US Agency for International Development (USAID) Mission Director in Egypt Sherry Carlin on Thursday announced the lunching of a new research initiative worth USD 90 million to support Cairo's efforts to transfer into the knowledge-based economy. ....
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CBE: Annual rate of inflation slightly up in December
Date: 2020-01-09 19:02:39 GMT - Egypt - Economy - SN:4 - ID:8263238
The Central Bank of Egypt (CBE) said on Thursday that the annual rate of basic inflation slightly increased in December. The bank detailed in a statement that the inflation rate went up from 2.1 percent in November to 2.4 percent. On a monthly ....
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CBE: Egypt's foreign currency reserves hit $45.419 bln in December
Date: 2020-01-06 00:13:45 GMT - Egypt - Economy - SN:6 - ID:8257420
Egypt's foreign currency reserves jumped by $65 million in December to reach $45.419 billion, the Central Bank of Egypt (CBE) said in a statement Sunday. In November, the country's foreign reserves registered $45.354 billion. ....
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Sisi issues decree to form CBE board for 4-year term
Date: 2020-01-01 23:06:40 GMT - Egypt - Economy - SN:4 - ID:8252378
President Abdel Fattah El Sisi on Wednesday issued a decree to form a new board of directors of the Central Bank of Egypt (CBE) for a term of four years. Under the presidential decree, the CBE board will be chaired by Tareq Amer. It will also ....
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Sisi directs lowering public debt
Date: 2019-12-30 00:29:53 GMT - Egypt - Economy - SN:9 - ID:8248816
President Abdel Fattah El Sisi directed Sunday to pay much focus on human and social development, and efforts of lowering public debt. The economic improvement should be reflected on the public services quality, Sisi highlighted, adding that all ....
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CBE: Banks Wednesday off
Date: 2019-12-30 00:19:50 GMT - Egypt - Economy - SN:1 - ID:8248805
The Central Bank of Egypt has decided to close down all banks in Egypt on Wednesday, January 1, marking the end of the fiscal year for most of them. Banks will resume work on Thursday, January 2, according to a statement by CBE here on Sunday. ....
