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Economy
- Service : English
- Category : Economy
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CBE: Surplus of Egypt's balance of payments hits $284.1 mln in July-Sept
Date: 2019-01-10 17:11:40 GMT - Egypt - Economy - SN:1 - ID:7751526
Egypt's balance of payments has hit an overall surplus of $284.1 million during the first quarter of the 2018/2019 fiscal year, the Central Bank of Egypt (CBE) said in a report Thursday. The current account deficit steadied at $1.8 billion ....
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Sisi directs ministers to cut public debt, budget deficit
Date: 2019-01-03 18:20:13 GMT - Egypt - Economy - SN:4 - ID:7742039
President Abdel Fattah El Sisi issued directives to officials to exert further efforts to reduce public debt and slash budget deficit through proceeding with the comprehensive economic reform program and focusing on its various institutional, ....
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EGX attracted 24,000 new investors in 2018- bourse head
Date: 2019-01-03 17:37:00 GMT - Egypt - Economy - SN:3 - ID:7742003
Head of the Egyptian Stock Exchange (EGX) Mohamed Farid on Thursday said the Egyptian capital market in 2018 succeeded in attracting 24,000 new Egyptian, Arab and foreign investors, as well as 1,187 Egyptian, Arab and foreign funds and ....
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Sisi orders optimizing Egypt petroleum resources
Date: 2019-01-02 17:29:05 GMT - Egypt - Economy - SN:3 - ID:7740637
President Abdel Fattah el Sisi ordered the government on Wednesday to continue oil exploration as part of the state's efforts to make the utmost use of Egypt's petroleum resources. This came during the president's meeting with Prime Minister ....
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Trade min. issues decision restructuring export councils
Date: 2019-01-02 17:23:52 GMT - Egypt - Economy - SN:2 - ID:7740622
Trade and Industry Minister Amr Nasar issued a decision on Wednesday restructuring the export councils and reducing their numbers from 16 to 12. In a statement, the Trade and Industry Ministry said that the decision stipulates merging the three ....
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Hermes expects no big change in pound exchange rate
Date: 2019-01-01 14:30:00 GMT - Egypt - Economy - SN:1 - ID:7739120
Hermes Financial Group on Tuesday said it does not expect any big change to take place in the Egyptian pound exchange rate compared to the dollar in 2019. Ahmed Shams, an official with the group, said that the stability of the pound exchange rate ....
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EGX indexes show mixed performance Sunday
Date: 2018-12-30 19:09:26 GMT - Egypt - Economy - SN:11 - ID:7736938
The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading Sunday amid limited trading by investors who'd rather be cautious than sorry making business decisions before the start of 2019. The market capital was up by ....
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Sisi directs commitment to implement economic reform program
Date: 2018-12-30 16:35:41 GMT - Egypt - Economy - SN:2 - ID:7736785
President Abdel Fattah El Sisi has directed committed action to achieve aspired financial and economic targets. Sisi, in a meeting with Prime Minister Moustafa Madbouli and governor of the Central Bank of Egypt Tareq Amer earlier Sunday, urged ....
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Egypt, Saudi Arabia discuss establishing joint industrial zone
Date: 2018-12-29 18:04:42 GMT - Egypt - Economy - SN:2 - ID:7735623
Egypt and Saudi Arabia have discussed the establishment of a joint industrial zone in Egypt via the industrial-developer system, Head of the Trade Agreements and Foreign Trade Sector Amany Al-Wasl said in a statement on Saturday. The two sides ....
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CBE maintains lending rate at 17.75 percent: statement
Date: 2018-12-27 21:36:00 GMT - Egypt - Economy - SN:4 - ID:7733508
The Monetary Policy Committee (MPC) at the Central Bank of Egypt (CBE) determined during its meeting on Thursday evening to keep overnight deposit rate, overnight lending rate, and the main operation rate unchanged at 16.75 percent, 17.75 percent, ....
