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Economy
- Service : English
- Category : Economy
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Dollar prices stable at major banks, demand for riyal increases
Date: 2019-08-05 16:09:25 GMT - Egypt - Economy - SN:7 - ID:8053391
The exchange rate of the US dollar was relatively stable during transactions on Monday at major banks, after a wave of declines witnessed over the past period that has caused the price of the dollar to drop by more than 130 piasters since the ....
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World food prices ease for second month running in July- FAO
Date: 2019-08-01 23:58:10 GMT - Italy - Economy - SN:11 - ID:8048657
World food prices eased for a second month running in July after five consecutive monthly gains, pushed down by falls in the prices of some cereals, dairy products and sugar, the United Nations food agency said on Thursday. The Food and ....
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Finance Ministry auctions T-bills worth EGP 19 bln
Date: 2019-08-01 23:50:43 GMT - Egypt - Economy - SN:8 - ID:8048651
The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 19 billion. In an online statement, the Ministry said it sold 182-day T-bills worth EGP 9.2 billion with an average yield of 17.757 percent. The yield ranged ....
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CBE chosen as AACB vice-president for North Africa
Date: 2019-08-01 23:48:22 GMT - Egypt - Economy - SN:6 - ID:8048647
The Association of African Central Banks (AACB) has chosen the Central Bank of Egypt (CBE) to be the vice-chairperson of the association for the Northern Africa sub-region for the coming session 2019-2020. The AACB, which groups 40 African ....
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AOI, Hungary's Tungsram sign MOU on joint manufacturing of innovative lighting systems
Date: 2019-08-01 23:46:53 GMT - Egypt - Economy - SN:5 - ID:8048643
The Arab Organization for Industrialization (AOI) and and innovative Hungarian lighting and tech multinational Tungsram signed on Thursday a Memorandum of Understanding (MoU) on the joint manufacturing of street lighting and other innovative ....
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Oil prices nosedive 8% on Trump tariff threat -- worst day in more than 4 years
Date: 2019-08-01 23:45:23 GMT - USA - Economy - SN:4 - ID:8048642
US oil prices collapsed Thursday after US President Donald Trump fired another shot in the US-China trade war, CNN reported. Trump's vow to impose a 10% tariff on another $300 billion of US imports from China is worrying investors that a severe ....
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PM witnesses inking cooperation protocol between GAFI, MSME
Date: 2019-08-01 17:16:35 GMT - Egypt - Economy - SN:2 - ID:8048420
Prime Minister Moustafa Madbouli witnessed a ceremony for signing a cooperation protocol between General Authority for Investment and Free Zones (GAFI) and Micro, Small and Medium Enterprise Development Agency (MSME) on managing and developing a ....
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UK pound flops to new low against US dollar
Date: 2019-07-29 14:23:42 GMT - United Kingdom - Economy - SN:1 - ID:8043851
The pound slumped to a new two-year low against the dollar after UK Premier Boris Johnson announced the government was "turbo-charging" preparations for a no-deal Brexit on 31 October. Sterling dropped to as low as $1.2318 on Monday after falling ....
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PM reviews measures to settle NIA debts owed to government bodies
Date: 2019-07-28 23:08:29 GMT - Egypt - Economy - SN:4 - ID:8042932
Prime Minister Mostafa Madbouli chaired a meeting on Sunday to review measures for settling the debts of National Investment Bank (NIA) owed to a number of government bodies, through swapping them with assets. During the meeting, attended by the ....
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SCZone achieves record revenues, says Mamish
Date: 2019-07-27 22:51:04 GMT - Egypt - Economy - SN:10 - ID:8041730
Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said the SCZone achieved the highest revenues for the second successive year, noting that the zone is working to maximize its revenues because it is considered as the driving engine for ....
