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Economy
- Service : English
- Category : Economy
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Increasing exports, investments led to high Egyptian pound rating in 2019 – Cabinet
Date: 2019-07-27 19:13:58 GMT - Egypt - Economy - SN:9 - ID:8041658
The Cabinet's media center said the promotion and increase of exports and investments have prompted media giant Bloomberg to rate the Egyptian pound as the second best performing currency in 2019. The center published on Saturday an infographic ....
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Non-oil exports rise to 1.905 bln dollars in June- agency
Date: 2019-07-25 20:55:56 GMT - Egypt - Economy - SN:6 - ID:8039536
Egypt’s non-oil exports increased five percent by 95 million dollars to reach 1.905 billion, up from 1.810 billion in the same period last year, the General Organization for Export and Import Control said Thursday. Four sectors took the lead in ....
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IMF approves disbursing final $2 bln tranche of Egypt loan
Date: 2019-07-24 19:07:49 GMT - USA - Economy - SN:2 - ID:8037932
The International Monetary Fund (IMF) agreed on Wednesday to grant Cairo the final 2 billion tranche of its 12 billion loan to the country. Sources told MENA that the IMF Executive Board approved the $2 billion tranche after Egypt has ....
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PM orders quick implementation of Golden Triangle project
Date: 2019-07-21 17:47:47 GMT - Egypt - Economy - SN:1 - ID:8033665
Prime Minister Mostafa Madbouli has ordered a team be formed to outline steps to implement the Golden Triangle – a development project meant to serve three governorates. The team should make use of a study prepared by an Italian consultancy ....
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CBE trains over 100 bankers from 20 African countries under Sisi’s directives
Date: 2019-07-18 22:57:11 GMT - Egypt - Economy - SN:2 - ID:8030268
The Central Bank of Egypt (CBE) has carried out a training program for more than 100 bankers from 20 African countries under President Abdel Fattah El Sisi’s directives to boost cooperation with African countries. The bank detailed in a ....
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PM: Initial surplus rate hits all time high since 2011
Date: 2019-07-17 23:23:10 GMT - Egypt - Economy - SN:3 - ID:8028695
President Abdel Fattah El Sisi always puts government officials under pressure to bring the country into its rightful place on the global stage, Prime Minister Moustafa Madbouli said. The government is well aware of the multiple challenges ahead, ....
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CBE keeps interest rates on deposits, loans unchanged
Date: 2019-07-11 18:25:45 GMT - Egypt - Economy - SN:1 - ID:8020494
The Central Bank of Egypt (CBE) decided to keep the overnight deposit rate and overnight lending rate unchanged at 15.75 percent and 16.75 percent respectively. The decision was made by the CBE Monetary Policy Committee during a meeting held ....
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PM praises inflation decline to 8.9%
Date: 2019-07-10 23:13:26 GMT - Egypt - Economy - SN:5 - ID:8019129
Prime Minister Mustafa Madbouli praised Wednesday the inflation decline to 8.9 percent according to the latest data released by The Central Agency for Public Mobilization and Statistics (CAPMAS). The annual inflation hit 8.9 percent in June, down ....
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FRA: PM issues decisions on establishing gov't funds for school students' social care
Date: 2019-07-09 10:00:01 GMT - Egypt - Economy - SN:6 - ID:8016505
Head of the Financial Regulatory Authority (FRA) Mohammed Omran said on Tuesday that Prime Minister Mostafa Madboli issued decisions No.1583 and No.1584 for the Year 2019 pertaining to establishing two government insurance funds for social and ....
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Bourse indices show mixed performance
Date: 2019-07-07 19:38:35 GMT - Egypt - Economy - SN:4 - ID:8014269
The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday's trading prompted by sales operations by Arab institutions and investment funds. The market capital lost about EGP 3.9 billion, registering EGP 746.2 billion, ....
