Economy

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  • IMF hails cooperation with Egypt in reform program

    IMF hails cooperation with Egypt in reform program

    Date: 2019-04-12 19:30:28 GMT - USA - Economy - SN:5 - ID:7894908

    Director of the International Monetary Fund's (IMF) Middle East and Central Asia department Jihad Azour stressed the importance of the fund's cooperation with Egypt, expecting that the Egyptian economy would continue to grow in the coming period. ....

  • CBE: Annual inflation rate falls to 8.9% in March

    CBE: Annual inflation rate falls to 8.9% in March

    Date: 2019-04-10 18:17:25 GMT - Egypt - Economy - SN:3 - ID:7891874

    The Central Bank of Egypt (CBE) announced Wednesday that Egypt's inflation rate declined to 8.9 percent in March 2019 from 9.2 percent in February of the same year. On a monthly basis, core inflation recorded 0.5 percent in March, compared to 1 ....

  • Finance minister heads for US to take part in WB, IMF meetings

    Finance minister heads for US to take part in WB, IMF meetings

    Date: 2019-04-09 11:55:19 GMT - Egypt - Economy - SN:4 - ID:7889157

    Minister of Finance Mohamed Maait left here on Tuesday for Washington to take part in the spring meetings of the International Monetary Fund (IMF) and World Bank, due to kick off on Thursday and run for five days. A statement released by the ....

  • National plan costing $ 50bln to overcome scarcity of water – Minister

    National plan costing $ 50bln to overcome scarcity of water – Minister

    Date: 2019-04-08 17:13:44 GMT - Lebanon - Economy - SN:8 - ID:7888127

    Egyptian Minister of Water Resources and Irrigation Mohamed Abdel Ati has revealed Egypt’s 2017-2037 strategic national plan to overcome the problem of water scarcity. In statements to MENA correspondent in Beirut during his participation in the ....

  • Bourse gains EGP 1.8 bn

    Bourse gains EGP 1.8 bn

    Date: 2019-03-31 23:15:26 GMT - Egypt - Economy - SN:8 - ID:7875512

    The Egyptian Exchange (EGX) indexes showed mixed performance on Sunday, backed by purchases of Egyptian and Arab investors. The market capital gained EGP 1.8 billion to reach EGP 816.5 billion amid transactions that hit EGP 892 million. The ....

  • Bourse loses EGP 10bn; all indexes fall back

    Bourse loses EGP 10bn; all indexes fall back

    Date: 2019-03-25 15:49:12 GMT - Egypt - Economy - SN:5 - ID:7865534

    Egyptian Exchange (EGX) indexes posted collective losses at the close of trading on Monday prompted by sales operations by Arab and foreign institutions and investment funds. The market capital lost EGP 10 billion, registering EGP 813.3 billion, ....

  • Planning min. to attend session of UN economic commission for Africa

    Planning min. to attend session of UN economic commission for Africa

    Date: 2019-03-22 14:30:21 GMT - Morocco - Economy - SN:2 - ID:7860679

    Planning Minister Hala el Saeed is set to participate in the 52nd Session of the UN Economic Commission for Africa and the Conference of African Ministers of Finance, Planning and Economic Development that will be held at the ministerial level on ....

  • Investment min. chairs UN session on coop. among Southern Countries

    Investment min. chairs UN session on coop. among Southern Countries

    Date: 2019-03-22 14:20:00 GMT - Egypt - Economy - SN:1 - ID:7860658

    Egypt's Investment Minister Sahar Nasr and Bangladesh's Foreign Minister AK Abdul Momen have co-chaired a key UN debate session on available opportunities for cooperation among countries of the South. The session was held on the sidelines of the ....

  • Germany’s Bosch keen on investing in Egypt, says official

    Germany’s Bosch keen on investing in Egypt, says official

    Date: 2019-03-10 23:06:44 GMT - Egypt - Economy - SN:9 - ID:7842000

    The head of the Middle East and Africa Operations of Germany’s Robert Bosch engineering and electronics company said Sunday that the corporation aims to establish a major factory as part of its investment plan in Egypt. The factory will be a ....

  • Bourse gains EGP 3.3 bn, indexes show mixed performance

    Bourse gains EGP 3.3 bn, indexes show mixed performance

    Date: 2019-03-10 16:49:38 GMT - Egypt - Economy - SN:4 - ID:7841722

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Sunday's trading amid purchases by Arab institutions and investment funds. The market capital gained about EGP 3.3 billion, registering EGP 828.5 billion, after ....

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