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Economy
- Service : English
- Category : Economy
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Dollar price down at Egypt's major banks
Date: 2019-09-05 23:35:50 GMT - Egypt - Economy - SN:6 - ID:8092267
The US dollar exchange rate maintained its downward trend during transactions at major banks on Thursday, dropping by more than EGP 140 piasters since January. At the National Bank of Egypt and Banque Misr, the dollar rate declined by three ....
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Ahmed El Bassiouny appointed as CBE sub-governor for economic research
Date: 2019-08-26 18:51:41 GMT - Egypt - Economy - SN:6 - ID:8078255
The Central Bank of Egypt (CBE) board of directors appointed Monday senior economist Ahmed El Bassiouny as Sub-Governor for the Economic Research Sector. Bassiouny will succeed CBE Governor's Adviser for African Affairs and Supervisor of the ....
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CBE: EGP 144.2bn worth of loans to small, medium-sized firms since 2016
Date: 2019-08-25 22:57:45 GMT - Egypt - Economy - SN:8 - ID:8076825
The Central Bank of Egypt said Sunday that the total value of loans given to small and medium-sized enterprises amounted to 144.2 billion pounds during the period from January 2016 through June 2019. Small companies received a total of 84.4 ....
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Finance Ministry auctions T-bills worth EGP 18.7 bln
Date: 2019-08-25 22:56:53 GMT - Egypt - Economy - SN:7 - ID:8076824
The Ministry of Finance has auctioned treasury bills at a total value of EGP 18.7 billion. In an online statement on Sunday, the ministry said it sold 91-day T-bills worth EGP 9 billion with an average yield of 16.443 percent. The yield ranged ....
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EGX gains EGP 6.8 bln over past week
Date: 2019-08-22 22:54:23 GMT - Egypt - Economy - SN:8 - ID:8073515
The Egyptian Exchange (EGX) gained EGP 6.8 billion this week as the market capital went up 0.9 percent to EGP 759.3 billion, compared to EGP 752.5 billion in the previous week. The EGX 30 benchmark index increased 0.27 percent, registering ....
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Egypt cuts interest rates by 150 basis points
Date: 2019-08-22 22:52:10 GMT - Egypt - Economy - SN:6 - ID:8073513
The Monetary Policy Committee (MPC) decided Thursday to cut the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation by 150 basis points to 14.25 percent, 15.25 percent, and 14.75 percent, ....
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Bloomberg: Economic reforms turns Egypt into Middle East’s fastest-growing economy
Date: 2019-08-21 23:57:48 GMT - Egypt - Economy - SN:6 - ID:8072036
Egypt’s recovery has turned it into the Middle East’s fastest-growing economy following three years of reforms enacted to secure a $12 billion loan from the International Monetary Fund, Bloomberg said in a report Wednesday. The Egyptian pound’s ....
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Eastern Tobacco Company announces new hike in some cigarette prices
Date: 2019-08-15 23:17:43 GMT - Egypt - Economy - SN:5 - ID:8064779
Egypt's leading cigarette maker, the Eastern Tobacco Company, announced new hikes in some cigarette prices. The new prices came into force as of Wednesday, Aug 14, according to a statement of the company, a copy of which was sent to the ....
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EGP 1.5 million of coins to be daily minted in Eid - Finance Ministry
Date: 2019-08-10 00:04:45 GMT - Egypt - Economy - SN:1 - ID:8059323
Finance Minister Mohamed Maait on Friday reviewed a plan developed by the Egyptian Mint Authority to offer sufficient quantities during Eid al Adha. Up to EGP 1.5 million of coins will be minted daily during the Eid holidays to meet the needs of ....
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World's biggest container ship transits Suez Canal
Date: 2019-08-09 16:52:58 GMT - Egypt - Economy - SN:8 - ID:8059136
The world's largest container ship MSC Megamax-24 crossed the Suez Canal on Friday, said Head of the Suez Canal Economic Zone (SCZone) Mohab Mamish in a press release on Friday. The ship is one of 11 sister vessels MSC that was constructed in ....
