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Economy
- Service : English
- Category : Economy
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Egypt's bourse loses EGP 30.6 billion at end of week
Date: 2018-11-22 13:55:26 GMT - Egypt - Economy - SN:2 - ID:7681694
The Egyptian Exchange (EGX) indexes posted collective losses at the close of trading on Thursday amid selling operations by Arab and foreign institutions and investment funds. The market capital lost EGP 30.6 billion to reach EGP 763.6 billion, ....
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CBE launches initiative with EU to back financial inclusion
Date: 2018-11-22 13:32:14 GMT - Egypt - Economy - SN:1 - ID:7681653
The Central Bank of Egypt (CBE) launched on Thursday a program with the European Union to back financial inclusion and banking supervision. The 3.2-billion-euro program will be in the form of technical assistance for three years to back efforts ....
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Bourse gains EGP 11.8 bln
Date: 2018-11-18 22:53:09 GMT - Egypt - Economy - SN:5 - ID:7676155
The Egyptian Exchange indexes posted collective gains at the close of Sunday's trading, backed by purchases by Egyptian institutions and investment funds, while the Arab and foreign investors tended to sell. The market capital gained EGP 11.8 ....
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CBE says remittances of expats hit $5.9bn during Q1 of 2018-2019
Date: 2018-11-18 22:24:45 GMT - Egypt - Economy - SN:4 - ID:7676151
The Central Bank of Egypt (CBE) said Sunday that remittances of Egyptians abroad upped during the first quarter of the current fiscal year 2018-2019 by 1.5 percent, reaching 5.9 billion dollars. In a statement, the CBE said that the remittances ....
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Finance Ministry targets reducing budget deficit to 7% in 2019/2020
Date: 2018-11-14 22:52:23 GMT - Egypt - Economy - SN:21 - ID:7670602
The 2019-2020 draft state budget targets bringing down the total deficit to 7% out of the gross domestic product (GDP), compared with 8.4% in the current fiscal year. The draft budget targets that the GDP would reach about EGP 6.2 trillion with ....
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Finance Ministry issues draft 2019/2020 state budget
Date: 2018-11-14 19:47:02 GMT - Egypt - Economy - SN:14 - ID:7670527
The Ministry of Finance Wednesday issued a statement on the fiscal 2019/2020 state budget. The draft budget aims to provide and improve several basic services, mainly health, education, low-income and youth social housing, public transportation, ....
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Dollar prices stable at major banks in Egypt
Date: 2018-11-14 10:29:01 GMT - Egypt - Economy - SN:6 - ID:7669424
The exchange rate of the US dollar was relatively stable during morning transactions on Wednesday at major banks. The dollar exchange rate settled at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt. At Banque Misr, ....
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All EGX indexes down, benchmark slides 0.98 pct
Date: 2018-11-13 16:17:11 GMT - Egypt - Economy - SN:16 - ID:7668520
The Egyptian Exchange (EGX) indexes went down collectively at the close of Tuesday's trading amid sales by Arab and foreign institutions and investment funds. Meanwhile, purchases prevailed in transactions of local investors. The market ....
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Ministries of irrigation, agriculture, military production cooperate over modern irrigation techniques
Date: 2018-11-12 14:15:53 GMT - Egypt - Economy - SN:2 - ID:7666559
Egypt's ministers of irrigation, agriculture and military production met on Monday for talks on expanding the use of modern irrigation techniques in agriculture. Talks tackled enhancing cooperation between the three ministries in manufacturing ....
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EU amb.: Tariff on cars imported from EU to reach 0% starting from Jan. 1, 2019
Date: 2018-11-08 18:59:10 GMT - Egypt - Economy - SN:4 - ID:7661188
Head of the European Union Delegation to Egypt Ambassador Ivan Surkos said that Egypt will cut the tariff on cars imported from the EU to reach zero percent starting from January 1, 2019 in accordance with an approved schedule of Egypt-EU ....
