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Economy
- Service : English
- Category : Economy
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Egypt, India discuss investment chances
Date: 2019-03-10 16:43:47 GMT - Egypt - Economy - SN:2 - ID:7841714
Chairman of the Arab Organization for Industrialization (AOI) Abdel Moneim el Tarras discussed on Sunday with Indian Ambassador in Cairo Rahul Kulshreshth and a delegation from India's investment agency bilateral cooperation in the fields of ....
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EBRD hails Egypt's economic reforms
Date: 2019-03-08 21:21:48 GMT - Egypt - Economy - SN:8 - ID:7839254
Egypt's steps over the past three years to encourage investment have been hailed by the European Bank for Reconstruction and Development (EBRD). The Egyptian government has been implementing a promising economic program including a new investment ....
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Last portion of IMF loan expected in mid-2019 -- deputy finance minister
Date: 2019-03-08 18:44:42 GMT - Egypt - Economy - SN:4 - ID:7839154
Egypt is expected to receive the sixth tranche of a loan from the International Monetary Fund (IMF) in June or July this year, Deputy Finance Minister Ahmed Kouchouk told a news conference on Friday. Kouchouk said that a necessary periodical ....
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Egypt's central bank excludes rice, beans, lentils imports from cash cover
Date: 2019-03-07 17:55:56 GMT - Egypt - Economy - SN:10 - ID:7837895
The Central Bank of Egypt (CBE) excluded imports of rice, beans and lentils from the 100-percent cash cover granted on import orders for one year. In a statement, the bank said the exemption from full import payments in advance will continue ....
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Bourse gains EGP 8.2 bn
Date: 2019-03-07 17:46:43 GMT - Egypt - Economy - SN:7 - ID:7837874
The Egyptian Exchange (EGX) indexes posted collective gains on Thursday, backed by purchases of Arab and foreign institutions and investment funds. The market capital gained EGP 8.2 billion to reach EGP 825.2 billion amid transactions that hit ....
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Loans provided to bank customers hit EGP 1.802 trillion in December -- CBE
Date: 2019-02-28 23:07:25 GMT - Egypt - Economy - SN:10 - ID:7827484
Total loans provided to bank customers, excluding the Central Bank of Egypt, increased by EGP 44 billion in December to stand at EGP 1.802 trillion compared to EGP 1.758 trillion in November, according to the latest report released by the CBE on ....
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CBE: Bank deposits up by EGP 57bn in Dec.
Date: 2019-02-28 20:38:29 GMT - Egypt - Economy - SN:6 - ID:7827415
The Central Bank of Egypt (CBE) on Thursday announced an increase in bank deposits by around EGP 57 billion by the end of December to reach EGP 3.818 trillion compared to EGP 3.761 trillion in November. The total governmental deposits at banks ....
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Egyptian bourse loses EGP 4bn
Date: 2019-02-27 22:41:08 GMT - Egypt - Economy - SN:11 - ID:7825936
The Egyptian Exchange (EGX) indexes on Wednesday experienced collective losses amid selling operations by foreign institutions and Arab investment funds. The market capital lost EGP 4 billion to reach EGP 823.9 billion amid transactions that hit ....
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PM meets ECMI members on increasing Egypt's exports
Date: 2019-02-17 18:10:36 GMT - Egypt - Economy - SN:4 - ID:7809185
Prime Minister Mostafa Madbouli held on Sunday a meeting with members of the Export Council of Medical Industries (ECMI) to get acquainted with their vision on how to increase Egypt's exports in the coming period. The premier stressed that the ....
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CBE governor: Sisi directs to reduce interest rate on youth loans
Date: 2019-02-17 17:53:47 GMT - Egypt - Economy - SN:2 - ID:7809156
President Abdel Fattah El Sisi directed the reduction of interest rates on youth loans to 5 percent, Central Bank of Egypt Governor Tarek Amer said on Sunday. He was speaking during the launch of the CBE national initiative to support ....
