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Economy
- Service : English
- Category : Economy
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Cabinet media center underlines positive change in foreign media coverage of Egypt economy
Date: 2019-06-09 17:14:48 GMT - Egypt - Economy - SN:1 - ID:7973377
The cabinet media center has underlined a change in the way foreign media covers the economic performance in Egypt. News agencies, such as Bloomberg, Reuters, and Financial Times, have been pointing to tangible growth following economic reforms ....
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Egypt's cash reserves rise to $44.275 bn by end of May - CBE
Date: 2019-06-03 16:09:33 GMT - Egypt - Economy - SN:2 - ID:7967356
The Central Bank of Egypt (CBE) announced on Monday that the country’s cash reserves of foreign currency went up by $57 million to reach $44.275 billion during May. In April the country’s foreign cash reserve stood at $44.218 billion. ....
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Remittances of Egyptian expats up 23.3% in March -- CBE
Date: 2019-05-30 20:19:13 GMT - Egypt - Economy - SN:4 - ID:7962578
Remittances of Egyptian expats increased 426.1 million in March to $2.3 billion, said the Central Bank of Egypt (CBE) on Thursday. Compared to $1.8 billion in February, the surge in March was estimated by the CBE at 23.3%. ....
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Dollar exchange rate continues downward trend at Egypt's major banks
Date: 2019-05-27 15:23:22 GMT - Egypt - Economy - SN:1 - ID:7958153
The US dollar exchange rate on Monday continued its downward trend during transactions at major banks operating in Egypt. The dollar value dropped by over 100 piasters since January, the Central Bank of Egypt (CBE) said. At the National Bank ....
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AOI plans to resume cooperation protocol with Germany company
Date: 2019-05-24 12:24:28 GMT - Egypt - Economy - SN:1 - ID:7954219
Head of the Arab Organization for Industrialization (AOI) Abdel Mon'em el Tarras affirmed the importance of benefiting from the distinguished German know-how in the domain of manufacturing, in the light president Abdel Fattah El Sisi's directives ....
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New banking bill sets new regulations for forming boards of banks
Date: 2019-05-21 09:30:41 GMT - Egypt - Economy - SN:7 - ID:7949967
A new banking bill that will be referred to the parliament shortly sets new regulations for forming boards of banks working in the Egyptian market in order to promote governance in line with international standards, a source from the Central Bank of ....
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PM: Industrial upgrading tops priority on govt's agenda
Date: 2019-05-20 19:27:24 GMT - Egypt - Economy - SN:7 - ID:7949492
Prime Minister Mostafa Madbouli stressed Monday that industrial upgrading is a high priority on the government's agenda. Madbouli's statements came during a meeting of the state's industrial zones coordination council, which was held under the ....
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New banking bill introduces financial stability committee
Date: 2019-05-18 23:22:27 GMT - Egypt - Economy - SN:5 - ID:7946932
A new bill on Egypt's banking sector introduces a committee on maintaining the state's financial stability that will be chaired by the prime minister, a well-placed source with the Central Bank of Egypt (CBE) said on Saturday. The committee will ....
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New banking bill to be referred to parl't before end of May: CBE
Date: 2019-05-18 23:10:27 GMT - Egypt - Economy - SN:2 - ID:7946929
A new bill on Egypt's banking sector is expected to be referred to the House of Representatives before the end of May after being reviewed and approved by the government, a well-placed source with the Central Bank of Egypt (CBE) said. The bill ....
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IMF team reaches staff-level agreement on 5th review for Egypt's EFF
Date: 2019-05-17 18:36:23 GMT - Egypt - Economy - SN:5 - ID:7945648
CAIRO, May 17 (MENA) - An IMF mission has reached a staff-level agreement with the Egyptian authorities for the completion of the fifth and the final review of Extended Fund Facility (EFF). An International Monetary Fund (IMF) team led by Mr. ....
