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Economy
- Service : English
- Category : Economy
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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, ....
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Beltone Financial expects $11bn tourist revenues in 2019
Date: 2018-12-26 16:19:47 GMT - Egypt - Economy - SN:3 - ID:7731922
Beltone Financial Holding Company expects revenues from Egyptian tourism would hit 11 billion dollars in 2019. The Egyptian economic performance is very promising, it added in an annual report on the Egyptian economy released on ....
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Total public investments record EGP 80 bln in Q1 - minister
Date: 2018-12-22 23:10:46 GMT - Egypt - Economy - SN:9 - ID:7726567
Egypt's total public investments during the first quarter of the 2018/2019 fiscal year have registered EGP 80 billion, with government investments of about EGP 27.4 billion, Minister of Planning, Monitoring and Administrative Reform Hala el Saeed ....
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Egypt keen on further investments in Africa - minister
Date: 2018-12-22 19:47:49 GMT - Egypt - Economy - SN:6 - ID:7726481
Minister of Trade and Industry Amr Nassar stressed on Saturday Egypt's commitment to furthering its investments in Africa, Central Asia and Eastern Europe. The minister gave his remarks during a meeting of the Parliament's Industry Committee ....
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All EGX indexes down, benchmark declines 0.33 pct
Date: 2018-12-19 23:07:13 GMT - Egypt - Economy - SN:9 - ID:7722735
The Egyptian Exchange (EGX) indexes went down collectively at the close of Wednesday's trading, amid sales by foreign institutions and investment funds. The market capital lost about EGP 1.7 billion, registering EGP 744.52 billion, after ....
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CBE mulls re-opening door for licensing int'l banks' branches
Date: 2018-12-18 09:34:12 GMT - Egypt - Economy - SN:6 - ID:7719902
The Central Bank of Egypt board is mulling re-opening the door for licensing international banks' branches to join the Egyptian market in the coming period. In statements to MENA on Tuesday, a CBE reliable source said the step will promote ....
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Finance Ministry not to change its tax policy- Maait
Date: 2018-12-16 20:53:44 GMT - Egypt - Economy - SN:12 - ID:7717914
Finance Minister Mohamed Maait on Sunday said that the ministry will not change its tax policy, but it will work on developing its tax administration, warning that taking such a move could badly affect the country's economy with regard to attracting ....
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HSBC: Egypt's deficit stable in Q1 despite challenges
Date: 2018-12-14 19:29:21 GMT - Egypt - Economy - SN:12 - ID:7715087
Egypt's budget deficit of the GDP was stable in the first quarter of the 2018/19 fiscal year, according to a new HSBC report. The report, issued on Thursday, forecast the government's revenues to rise, despite huge future challenges, noting that ....
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Egypt-Africa relations witness marked progress, says minister
Date: 2018-12-14 17:37:46 GMT - Egypt - Economy - SN:8 - ID:7714916
Minister of Agriculture and Land Reclamation Ezz el Din Abu Steit said Egypt-Africa relations are experiencing great progress, noting that Cairo and Sharm el Sheikh cities witnessed unprecedented African activities this week. In a statement ....
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World Bank looks forward to more cooperation with Egypt - senior official
Date: 2018-12-14 16:11:24 GMT - Egypt - Economy - SN:6 - ID:7714919
World Bank's Vice President for Infrastructure Makhtar Diop asserted the World Bank’s keenness to actively contribute to development efforts in Egypt, particularly in light of the successful economic reform measures taken by the ....
