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Economy
- Service : English
- Category : Economy
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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. ....
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US dollar expected to continue decline against Egyptian pound
Date: 2019-05-16 16:07:44 GMT - Egypt - Economy - SN:2 - ID:7944469
Economists and bankers expected on Thursday that the US dollar would continue its fall against the Egyptian pound within the coming period prompted by the fruits of the successful economic program carried out by the Egyptian government and the ....
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Dollar exchange rate continues downward trend at Egypt's major banks
Date: 2019-05-15 16:08:13 GMT - Egypt - Economy - SN:2 - ID:7943147
The US dollar exchange rate continued its downward trend at the close of the transaction at major banks on Wednesday. At the National Bank of Egypt, Banque Misr and the Arab African International Bank, the dollar rate went down by two piasters ....
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Foreign cash flows hit $24.7 bln since Jan. - CBE
Date: 2019-05-13 17:52:56 GMT - Egypt - Economy - SN:6 - ID:7940214
The Central Bank of Egypt (CBE) said Monday foreign cash flows from different sources have hit a record, registering $24.7 billion since January. A CBE official source said the US dollar exchange rate has declined by about EGP 0.84 since the ....
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Moody's: Egypt's economy showed high shock-absorption capacity in 2018
Date: 2019-05-09 15:12:37 GMT - United Kingdom - Economy - SN:1 - ID:7935258
Moody's Investors Service has said Egypt's economy demonstrated a high shock-absorption capacity during the second half of 2018. In its report released on Thursday, the credit rating agency ascribed improvement in the country's economy to the ....
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Egypt's economic growth rate up to 5.6% in 3rd quarter of 2018-2019 FY - minister
Date: 2019-05-08 19:54:46 GMT - Egypt - Economy - SN:8 - ID:7934228
Egypt’s economic growth rate increased to 5.6% during the third quarter of 2018-2019 fiscal year, against 5.4% in the same period of 2017-2018 fiscal year, Minister of Planning Hala el Saeed said. The government targets a further rise in the ....
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Bourse loses EGP 14.8 bn
Date: 2019-05-06 16:20:50 GMT - Egypt - Economy - SN:1 - ID:7931183
Egyptian Exchange (EGX) indexes posted collective losses at the close of trading on Monday prompted by sales operations by Egyptian and Arab individual investors. The market capital lost EGP 14.8 billion, after transactions that totaled EGP 358 ....
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Bourse loses EGP 14.7 bn
Date: 2019-05-05 16:02:35 GMT - Egypt - Economy - SN:2 - ID:7929712
The Egyptian Exchange (EGX) indexes posted collective losses at the close of trading on Sunday prompted by sales operations by domestic investors. The market capital lost EGP 14.7 billion, after transactions that totaled EGP 893.6 million. The ....
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WB Group president pays his first working visit to Egypt on Saturday
Date: 2019-05-03 20:42:23 GMT - Egypt - Economy - SN:8 - ID:7927270
World Bank Group President David Malpass will arrive in Cairo Saturday for a two-day working trip focused on World Bank projects and the Egyptian economy. This will be the first visit to Egypt for Malpass since taking over as president of the ....
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Fitch Solutions: Egypt's growth to tick up on investment, consumption
Date: 2019-05-02 18:58:40 GMT - Egypt - Economy - SN:8 - ID:7926017
Fitch Solutions said it forecasts Egypt's gross domestic product (GDP) growth to increase moderately to 5.4 percent in the 2019/2020 fiscal year, compared to 5.3 percent in the previous year. "At Fitch Solutions, we forecast Egypt’s real GDP ....
