Economy

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  • WB expects Egypt's growth rate to increase by 4.5% in FY 2017/2018

    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 ....

  • Finance min. heads for Washington to attend IMF, WBG annual meeting

    Finance min. heads for Washington to attend IMF, WBG annual meeting

    Date: 2017-10-11 10:45:23 GMT - Egypt - Economy - SN:10 - ID:7033893

    Finance Minister Amr El Garhy left Wednesday for Washington leading a high-level delegation to the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). Minister Garhy will meet a number of IMF officials, ....

  • Dollar exchange rate stable at major banks in Egypt

    Dollar exchange rate stable at major banks in Egypt

    Date: 2017-10-11 10:45:09 GMT - Egypt - Economy - SN:9 - ID:7033875

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Wednesday. The dollar exchange rate recorded EGP 17.60 for buying and EGP 17.70 for selling at the National Bank of Egypt, Banque Misr, the ....

  • Egypt's annual inflation rate slumps to 33.26 pct in September: CBE

    Egypt's annual inflation rate slumps to 33.26 pct in September: CBE

    Date: 2017-10-10 17:26:47 GMT - Egypt - Economy - SN:27 - ID:7033178

    Egypt's annual inflation rate recorded 33.26 percent in September, down from 34.86 percent in August, the Central Bank of Egypt (CBE) said in a Tuesday statement. The CBE noted that the monthly inflation rate declined to 0.19 percent in ....

  • Finance min. heads for Washington to attend IMF, WBG annual meeting

    Finance min. heads for Washington to attend IMF, WBG annual meeting

    Date: 2017-10-10 16:27:18 GMT - Egypt - Economy - SN:25 - ID:7033107

    Finance Minister Amr el Garhy is due to leave Wednesday for Washington, leading a high-level delegation to the annual meeting of the International Monetary Fund (IMF) and the World Bank Group (WBG). Minister Garhy is to meet a number of IMF ....

  • NBE ranked 1st among African banks in marketing joint loans: Bloomberg

    NBE ranked 1st among African banks in marketing joint loans: Bloomberg

    Date: 2017-10-10 15:18:55 GMT - Egypt - Economy - SN:20 - ID:7032963

    Bloomberg has classified the National Bank of Egypt (NBE) as the best among Egyptian and African banks in marketing and arranging joint loans and financing projects during the first three quarters of 2017. The market share of the NBE hit 16.6 ....

  • Bourse loses EGP 4.9bn

    Bourse loses EGP 4.9bn

    Date: 2017-10-10 14:07:52 GMT - Egypt - Economy - SN:16 - ID:7032837

    The Egyptian Exchange indexes posted collective losses at the close of Tuesday's trading, backed by selling by foreign institutions and investment funds. The market capital lost EGP 4.9 billion to reach EGP 771.6 billion, after transactions hit ....

  • Dollar exchange rate stable at major banks in Egypt

    Dollar exchange rate stable at major banks in Egypt

    Date: 2017-10-10 10:47:06 GMT - Egypt - Economy - SN:8 - ID:7032308

    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, Banque Misr, the Commercial ....

  • Dollar exchange rate stable at major banks

    Dollar exchange rate stable at major banks

    Date: 2017-10-09 11:04:58 GMT - Egypt - Economy - SN:4 - ID:7030488

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Monday. The dollar exchange rate recorded EGP 17.60 for buying and EGP 17.70 for selling at the National Bank of Egypt, the Commercial International ....

  • CBE chief heads for Washington for IMF, WB meetings

    CBE chief heads for Washington for IMF, WB meetings

    Date: 2017-10-08 10:11:11 GMT - Egypt - Economy - SN:6 - ID:7028843

    Governor of the Central Bank of Egypt Tarek Amer traveled Sunday for Washington on a three-day visit. While there, Amer will head Egypt's delegation at the annual meetings of the the International Monetary Fund and the World Bank to begin on ....

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