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Economy
- Service : English
- Category : Economy
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IMF hails Egypt’s economic development, low rates of unemployment
Date: 2019-04-29 18:36:15 GMT - United Arab Emirates - Economy - SN:7 - ID:7921976
Regional director of the International Monetary Fund (IMF) Gehad Azour on Monday said Egypt will witness economic development in the coming period, praising the decline of unemployment rates. Speaking at a conference in Dubai, where the IMF ....
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CBE gov.: United Bank of Egypt to be sold to US investment fund in 3 months
Date: 2019-04-29 17:51:23 GMT - Egypt - Economy - SN:5 - ID:7921944
Central Bank of Egypt (CBE) Governor Tareq Amer revealed that a giant US investment fund will buy the United Bank of Egypt in a period of three months. Amer's announcement comes after the US investment fund had carried out the due diligence on ....
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IMF expects continuing growth of Egypt's exports
Date: 2019-04-29 16:19:04 GMT - United Arab Emirates - Economy - SN:3 - ID:7921879
The International Monetary Fund (IMF) expects Egypt's exports to remain on an upward track, projecting a boom in the country's tourism sector, alongside an increase in natural gas discoveries. In a new report on its economic outlook for the ....
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New phase of solar power plant project inaugurated in South Sinai
Date: 2019-04-25 23:50:46 GMT - Egypt - Economy - SN:6 - ID:7916934
A new phase of a solar power plant project was inaugurated in South Sinai Thursday as part of celebrations marking Sinai Liberation Day. The capacity of the inaugurated unit of the power plant stands 5 MW. President of Schneider-Electric Egypt ....
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Mamish: SCZone important part of Belt & Road initiative
Date: 2019-04-25 20:02:17 GMT - China - Economy - SN:3 - ID:7916851
Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said that the Suez Canal and its economic zone are important parts of the Belt and Road Initiative given the waterway’s strategic location and economic significance. The Suez Canal ....
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Bourse recovers, gains EGP 3.8 billion
Date: 2019-04-24 22:47:22 GMT - Egypt - Economy - SN:5 - ID:7915476
Most of the Egyptian Exchange indexes recovered slightly at the close of Wednesday's trading ahead of a holiday season that will start as of Thursday and last until Wednesday. The market capital gained EGP 3.8 billion to reach EGP 805.6 billion ....
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Egypt considers establishing freight, maritime transport company with Africa
Date: 2019-04-21 19:05:51 GMT - Egypt - Economy - SN:6 - ID:7910043
Prime Minister Moustafa Madbouli directed officials to make a full vision for establishing a national company for freight and maritime transport aimed at boosting trading links with Africa. This came during his meeting with Transport Minister ....
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Mamish: Suez Canal’s revenues reach all-time high in 2018
Date: 2019-04-18 22:10:26 GMT - Egypt - Economy - SN:8 - ID:7904997
Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said on Thursday the international waterway achieved an all-time high in revenues in 2018. Receiving a diplomatic delegation grouping ambassadors from member states of the ....
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Mamish announces start of construction works of Suez petrochemicals complex
Date: 2019-04-14 18:46:52 GMT - Egypt - Economy - SN:4 - ID:7897874
Chairman of the Suez Canal Authority Mohab Mamish announced on Sunday the start of the construction works of a petrochemicals complex in Ain Sokhna city in Suez at investment costs of $10.8 billion. The complex is considered the biggest project ....
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Foreign cash flows hit $150 bln in 30 months - CBE governor
Date: 2019-04-12 23:21:39 GMT - USA - Economy - SN:9 - ID:7895038
Governor of the Central Bank of Egypt (CBE) Tarek Amer said Friday foreign cash flows from different sources have recorded $150 billion since the Egyptian pound exchange rate liberation in November 2016. This is an important indicator that ....
