Economy

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  • Category : Economy
  • CBE: Banks Wednesday off

    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. ....

  • Egyptian economy sees tangible improvement - report

    Egyptian economy sees tangible improvement - report

    Date: 2019-12-21 23:56:23 GMT - Egypt - Economy - SN:4 - ID:8239038

    The cabinet reviewed on Saturday a report prepared by the Information and Decision Support Center, which showed a continuous tangible improvement in the Egyptian economy. The report expected a growth rate of at least 5.5 percent in the coming few ....

  • Dollar exchange rate down at Egypt's major banks

    Dollar exchange rate down at Egypt's major banks

    Date: 2019-12-16 00:05:23 GMT - Egypt - Economy - SN:4 - ID:8231262

    The US dollar exchange rate fell back during Sunday's transactions at Egypt's major banks. The dollar value has dropped by more than EGP 1.75 pounds since the start of 2019. At the National Bank of Egypt and Banque Misr, the dollar rate ....

  • Egypt to export orange to New Zealand - Agriculture min.

    Egypt to export orange to New Zealand - Agriculture min.

    Date: 2019-12-16 00:01:00 GMT - Egypt - Economy - SN:1 - ID:8231259

    Agriculture Minister Ezz-Eddin Abu Steit announced that New Zealand markets will be opened before Egypt's exports of orange for the first time following over two-year negotiations and technical visits. In a statement Sunday, the minister pointed ....

  • Egypt interested in attracting more Japanese investments - FM

    Egypt interested in attracting more Japanese investments - FM

    Date: 2019-12-11 23:08:46 GMT - Egypt - Economy - SN:3 - ID:8226383

    Foreign Minister Sameh Shoukry said Wednesday that Egypt is interested in attracting more Japanese investments into the country. Shoukry’s comments came during his meeting with Japan’s Parliamentary Vice-Minister for Foreign Affairs Shinichi ....

  • Finance Ministry refutes social media tax reports

    Finance Ministry refutes social media tax reports

    Date: 2019-11-30 23:56:18 GMT - Egypt - Economy - SN:6 - ID:8211012

    The Finance Ministry on Saturday denied reports claiming that taxes would be imposed on chat applications on social media platforms. In a statement, the ministry said the integration of e-commerce to the tax system is being considered to cope ....

  • Egypt has best economic growth in 11 years- Sisi

    Egypt has best economic growth in 11 years- Sisi

    Date: 2019-11-29 23:58:38 GMT - Egypt - Economy - SN:2 - ID:8209964

    Egypt achieved its best economic growth in 11 years, despite the global economic slowdown and international and regional instability, President Abdel Fattah El Sisi said Friday. In a speech delivered on his behalf by Petroleum Minister Tarek el ....

  • Military production min., Czech amb. mull boosting cooperation

    Military production min., Czech amb. mull boosting cooperation

    Date: 2019-11-25 16:21:17 GMT - Egypt - Economy - SN:9 - ID:8203876

    Minister of State for Military Production Mohamed Saeed el Assaar held talks on Monday with Czech Ambassador to Cairo Jan Fulík on means of enhancing cooperation in the industrialization fields. The meeting touched on the products and ....

  • Sisi hails fruitful partnership with Eni, looks forward to new discoveries

    Sisi hails fruitful partnership with Eni, looks forward to new discoveries

    Date: 2019-11-25 15:45:16 GMT - Egypt - Economy - SN:7 - ID:8203828

    President Abdel Fattah El Sisi lauded on Monday the fruitful partnership with Italy's Eni and its activities in Egypt, looking forward to new discoveries in light of the promising opportunities of the energy sector. Sisi's remarks came during ....

  • Trade exchange between Egypt, Nile basin countries increased by 25.4% in 2018

    Trade exchange between Egypt, Nile basin countries increased by 25.4% in 2018

    Date: 2019-11-25 00:17:22 GMT - Egypt - Economy - SN:5 - ID:8202600

    The volume of trade exchange between Egypt and the Nile Basin countries reached dlrs 1.872 bn in 2018, compared to dlrs 1.493 bn in 2017, with an increase of 25.4%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). ....

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