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Economy
- Service : English
- Category : Economy
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CAPMAS: Annual inflation rate up 1% in July
Date: 2021-08-10 10:10:20 GMT - Egypt - Economy - SN:14 - ID:9104377
The Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday revealed that the annual inflation rate went up 1% in July compared with the same period in 2020. Egypt's monthly inflation rate stood at 114.4 points in July; rising ....
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Dollar price stable at major banks
Date: 2021-08-10 09:04:46 GMT - Egypt - Economy - SN:8 - ID:9104220
The US dollar exchange rate was stable during Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt and Banque Misr, the dollar rate remained stable, recording EGP 15.63 for buying and EGP 15.73 for selling. At the Suez ....
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Egypt's bourse showed mixed performance at closing
Date: 2021-08-10 06:17:47 GMT - Egypt - Economy - SN:2 - ID:9103943
Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading on Monday. The market capital hit EGP 711.24 billion, amid transactions that amounted to EGP 5.1 billion. The EGX 30 benchmark index went up 0.57% to close at ....
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CBE decides to keep interest rates unchanged
Date: 2021-08-05 20:57:31 GMT - Egypt - Economy - SN:3 - ID:9097162
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) on Thursday decided to keep the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, ....
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Dollar prices stable at Egypt's major banks
Date: 2021-07-27 10:04:51 GMT - Egypt - Economy - SN:6 - ID:9080164
The US dollar exchange rate was stable duringTuesday's transactions at Egypt's major banks. At the National Bank of Egypt and Banque Misr, the dollar rate remained stable, recording EGP 15.62 for buying and EGP 15.72 for selling. The dollar ....
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Trade min.: Great opportunities for Egyptian exports to South Sudan
Date: 2021-07-13 10:04:23 GMT - Egypt - Economy - SN:8 - ID:9059402
Trade and Industry Minister Nevine Gamea said that there are great opportunities for Egyptian exports to tap South Sudan markets. The minister asserted the Egyptian government's keenness on promoting economic, trade and investment cooperation ....
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CBE launches mortgage finance initiative for low, middle-income brackets
Date: 2021-07-13 10:02:52 GMT - Egypt - Economy - SN:7 - ID:9059396
The Central Bank of Egypt (CBE) has launched an EGP-100- billion mortgage finance initiative targeting low and middle-income home buyers. The initiative supports those segments in paying for their own housing units through installments over a ....
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Mollah attends Red Sea Petrochemicals signing deal with French company
Date: 2021-07-13 09:52:45 GMT - Egypt - Economy - SN:5 - ID:9059366
Minister of Petroleum Tarek El Mollah said on Tuesday the construction of Red Sea Petrochemicals Complex will place Egypt on top of the countries producing high-quality petrochemicals. The minister's remarks were made during a ceremony of signing ....
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Finance minister lauds "strong" financial performance of govt
Date: 2021-07-06 09:55:44 GMT - Egypt - Economy - SN:6 - ID:9046592
Finance Minister Mohamed Maeit Tuesday praised the government’s “strong” performance, especially where financial policies are concerned. This translated into growing confidence of foreign investors and bigger demand for Egyptian bonds, Maeit ....
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Telecom Egypt : Net profit reached EGP 2.1bn in Q1 2021
Date: 2021-05-11 07:40:53 GMT - Egypt - Economy - SN:6 - ID:8951985
Telecom Egypt on Monday announced its Q1 2021 results for the period ending 31 March 2021, saying its net profit reached EGP 2.1 billion, growing 62% YoY, thanks to strong operational results. In a press release on Q1 2021 key highlights, it said ....
