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Economy
- Service : English
- Category : Economy
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Sisi orders providing basic commodities to citizens at reasonable prices
Date: 2019-07-04 23:30:12 GMT - Egypt - Economy - SN:5 - ID:8010366
President Abdel Fattah El Sisi issued directives Thursday to the bodies concerned to exert utmost efforts to make basic commodities available for citizens at affordable prices at various outlets nationwide. The president's remarks came during ....
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CBE: Egypt's foreign currency reserves hit $44.351 bln by end of June
Date: 2019-07-04 23:29:11 GMT - Egypt - Economy - SN:4 - ID:8010365
Egypt's foreign currency reserves jumped by $77 million by the end of June to reach $44.351 billion, the Central Bank of Egypt (CBE) said in a statement on Thursday. By the end of May, the country's foreign reserves registered $44.274 billion. ....
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Dollar exchange rate continues downward trend at Egypt's major banks
Date: 2019-07-03 20:27:48 GMT - Egypt - Economy - SN:7 - ID:8008824
The US dollar exchange rate continued its downward trend during transactions at major banks on Wednesday. It dropped 125 piasters since the start of the year. At the National Bank of Egypt and Banque Misr, the dollar rate went down by two ....
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Bourse makes limited gains at end of Tuesday's trading
Date: 2019-07-02 15:50:21 GMT - Egypt - Economy - SN:9 - ID:8006994
The Egyptian Exchange indexes posted limited gains at the close of Tuesday's trading, backed by purchases by local institutions and investment funds, against selling operations by foreign investors. The market capital gained just EGP 900 million ....
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WB praises Egypt's recent successes at all levels
Date: 2019-07-01 18:34:54 GMT - Egypt - Economy - SN:4 - ID:8005596
A World Bank (WB) official praised on Monday recent successes achieved by Egypt at all levels, reiterating the country's ability to make similar achievements in the field of comprehensive health insurance. Celebrating the start of the pilot ....
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UAE Dana Gas receives $48 million from Egypt in June
Date: 2019-06-30 15:00:09 GMT - United Arab Emirates - Economy - SN:3 - ID:8003720
Dana Gas has announced that it received payments of $48 million (AED177 million) from its operations in Egypt in June, WAN news agency reported on Sunday. These collections comprise $38 million in payments from the government (of which $30 ....
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IMF: Priority at this time with Egypt is to complete current reform program
Date: 2019-06-28 00:20:57 GMT - USA - Economy - SN:1 - ID:8000358
Assistant Director of the International Monetary Fund (IMF)'s Communications Department Camilla Andersen said the international body is not currently negotiating a new IMF-supported program with Egypt. "The priority at this junction is to ....
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Bourse gains EGP 5.7 bln
Date: 2019-06-27 18:42:33 GMT - Egypt - Economy - SN:2 - ID:8000163
The Egyptian Exchange (EGX) indexes posted collective gains on Thursday, backed by purchases of local institutions and investment funds. The market capital gained EGP 5.7 billion to reach EGP 756.1 billion amid transactions that hit EGP 2.05 ....
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PM: Cooperation with Siemens over past period historic
Date: 2019-06-25 11:06:06 GMT - Germany - Economy - SN:8 - ID:7996111
Egyptian Prime Minister Moustafa Madbouli on Tuesday said that achievements realized in record time as a result of constructive cooperation between Egypt and Siemens Company over the past period is historic. At a meeting with a Siemens ....
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Google supports Egypt's economy with EGP 5.2 bln/yr
Date: 2019-06-24 18:08:05 GMT - Egypt - Economy - SN:4 - ID:7995353
Lino Cattaruzzi, the managing director of Google business operations in the Middle East and North Africa, revealed that Google's products support Egypt's economic activities by EGP 5.2 billion annually. Addressing a press conference on ....
