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Economy
- Service : English
- Category : Economy
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Sisi approves grant agreement with AfDB over NSB restructure
Date: 2017-10-19 10:47:16 GMT - Egypt - Economy - SN:13 - ID:7047415
President Abdel Fattah El Sisi issued a decree approving a grant agreement with the African Development Bank (AfDB) to start the first phase of a project to restructure the Nasser Social Bank (NSB). Under the agreement signed on February 9, 2017, ....
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PM: Executive regulations of investment law to be issued next week
Date: 2017-10-19 08:05:07 GMT - Egypt - Economy - SN:2 - ID:7047058
Prime Minister Sherif Ismail said Wednesday that the executive regulations of the investment law will be issued next week. The cabinet received the executive regulations of the investment law on Wednesday, he said, adding that it was carefully ....
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Industry minister confers with French envoy on boosting cooperation
Date: 2017-10-18 12:47:55 GMT - Egypt - Economy - SN:13 - ID:7046081
Minister of Trade and Industry Tareq Qabil asserted that Egypt and France have established close strategic relations at the political and economic levels, highlighting the need for expanding such cooperation and increasing the volume of trade ....
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CBE chief: Egyptian banking system is strong
Date: 2017-10-17 13:53:58 GMT - USA - Economy - SN:16 - ID:7044413
Governor of the Central Bank of Egypt (CBE) Tarek Amer on Tuesday asserted that the Egyptian banking system is very good and strong. Addressing a joint conference of the Arab Banks Federation and the US Federal Reserve in New York, he added that ....
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Egypt, WB discuss 3rd batch of 3-bn-dollar loan
Date: 2017-10-17 09:39:44 GMT - Egypt - Economy - SN:9 - ID:7043690
Minister of Investment and International Cooperation Sahar Nasr on Tuesday discussed with World Bank Chief Executive Officer Kristalina Georgieva accelerating measures to sign the third batch of a WB loan to Egypt to the value of one billion dollars ....
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Dollar exchange rates stable at major banks in Egypt
Date: 2017-10-17 09:29:36 GMT - Egypt - Economy - SN:8 - ID:7043672
The US dollar exchange rate was relatively stable during morning transactions at major banks on Tuesday. The dollar exchange rate recorded EGP 17.60 for buying and EGP 17.70 for selling at the National Bank of Egypt, HSBC, Banque Misr and the ....
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Egypt's Amer picked best governor in region
Date: 2017-10-15 09:47:07 GMT - USA - Economy - SN:5 - ID:7040134
Central Bank of Egypt (CBE) Governor Tarek Amer has been granted the award of best governor in the Middle East and North Africa from Global Markets, a paper of record of the annual meetings of the World Bank and the International Monetary ....
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Nasr, WB officials discuss support offered to sewage, education, transport projects
Date: 2017-10-14 10:10:53 GMT - Egypt - Economy - SN:9 - ID:7038720
Investment and International Cooperation Minister Sahar Nasr on Saturday discussed with World Bank officials support offered by the bank for the second phase of the sewage system project, which is co-funded by the Asian Infrastructure Investment ....
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Egypt's bourse gains 2.6 billion pounds in week; indices up
Date: 2017-10-13 08:56:11 GMT - Egypt - Economy - SN:3 - ID:7037109
The Egyptian Exchange (EGX) gained 2.6 billion pounds this week as the market capital went up 0.3 percent to 771.2 billion pounds compared to 768.6 billion pounds in the previous week. The EGX 30 benchmark index upped 0.07 percent, according to ....
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WB expects Egypt's growth rate to increase by 4.5% in FY 2017/2018
Date: 2017-10-12 07:47:34 GMT - USA - Economy - SN:1 - ID:7035233
The World Bank (WB) expected Egypt's economy to achieve a growth rate of 4.5 percent in the 2017/2018 fiscal year. In its Middle East and North Africa Economic Monitor report, the World Bank expected the growth rate to hit 5.3% in 2019, the same ....
