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Economy
- Service : English
- Category : Economy
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Egyptian-Ugandan trade exchange hit $66m
Date: 2018-05-08 12:25:03 GMT - Egypt - Economy - SN:11 - ID:7389829
Minister of Trade and Industry Tarek Kabil on Tuesday said that trade exchange between Egypt and Uganda in 2017 hit 66 million dollars at an increase rate of 27 percent compared to 2016. Addressing the Egypt-Uganda Business Forum, he added that ....
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Assar: Egyptian-Chinese agreement to set up car tire manufacturing company
Date: 2018-05-08 12:19:49 GMT - Egypt - Economy - SN:10 - ID:7389816
State Minister for Military Production Mohamed Saaed el Assar attended on Tuesday the signing of a memorandum of understanding between the National Organization for Military Production (NOMP) and China's Poly International company to set up a joint ....
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Dollar price up at major Egyptian banks
Date: 2018-05-08 11:36:29 GMT - Egypt - Economy - SN:7 - ID:7389678
The US dollar exchange rate went up at major banks on Tuesday. The dollar exchange rate went up by four piasters recording EGP 17.61 for buying and EGP 17.71 for selling at the National Bank of Egypt. At Banque Misr, the dollar price went up ....
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Egypt out of danger; economic stability resorted - IMF official
Date: 2018-05-07 17:36:49 GMT - Egypt - Economy - SN:20 - ID:7388615
First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton asserted Monday that Egypt has become out of danger and restored overall economic stability and confidence in its markets. Path of the growth rates in Egypt has ....
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Oil minister: Zohr gas field production increased to 1bln cubic meters daily before Ramadan
Date: 2018-05-07 15:44:42 GMT - Egypt - Economy - SN:15 - ID:7388440
Minister of Petroleum Tarek el Mollah said Monday Zohr gas field production will rise to 900,000 million cubic meters per day before the fasting month of Ramadan. At a joint press conference with Cypriot Minister of Energy Yiorgos Lakkotrypis, he ....
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EGX loses EGP 16.1 bln over past week
Date: 2018-05-04 12:09:51 GMT - Egypt - Economy - SN:1 - ID:7383300
The Egyptian Exchange (EGX) lost about EGP 16.1 billion over the past week. The market capital fell 1.7 percent, registering EGP 991.9 billion, compared to EGP 1.008 trillion the previous week, the EGX said in its weekly report. The benchmark ....
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CBE: For 1st time, net foreign reserves up to dlrs 44bn in April
Date: 2018-05-03 12:12:51 GMT - Egypt - Economy - SN:5 - ID:7381820
The Central Bank of Egypt (CBE) announced on Thursday an increase in the net foreign currency reserves by dlrs 1.418 billion at the end of April to hit dlrs 44.029 billion for the first time in history. The figure was dlrs 42.611 billion at the ....
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MENAP growth expected to reach 4.7 percent in 2018 - IMF
Date: 2018-05-02 09:22:00 GMT - United Arab Emirates - Economy - SN:2 - ID:7379812
Regional growth in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) is estimated to have reached 4.2 percent in 2017. It is projected to increase further to 4.7 percent this year and to 5 percent on average during 2019–23, with some ....
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CBE: Banks close Tuesday on Labor Day
Date: 2018-04-30 13:49:48 GMT - Egypt - Economy - SN:18 - ID:7377275
The Central Bank of Egypt (CBE) announced Monday that all banks will be on holiday on the occasion of Labor day, which will be on Tuesday, May 1 They will resume work on Wednesday, May 2 ....
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Banque Misr chairman says he was chosen as UAB deputy head unanimously
Date: 2018-04-30 11:56:34 GMT - Egypt - Economy - SN:13 - ID:7376920
Chairman of Banque Misr Mohamed el Etreby said that he was chosen as deputy head of the Union of Arab Banks (UAB) unanimously. Etreby told MENA on the sidelines of the second day of the UAB conference that Egypt plays a prominent role in the UAB ....
