Economy

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  • Category : Economy
  • Kuwait crude oil up dlrs 2.28 to dlrs 100.35 pb

    Date: 2022-08-19 07:19:04 GMT - Kuwait - Economy - SN:10 - ID:9728139

    KUWAIT CITY, Aug 19 (MENA) - The Kuwaiti crude oil price edged up by dlrs 2.28 during Thursday's trading sessions to hit dlrs 100.35 per barrel (pb), compared with dlrs 98.07 pb the day before, Kuwait Petroleum Corporation (KPC) said ....

  • CBE denies resignation of Deputy Governor Gamal Negm

    Date: 2022-08-18 21:42:54 GMT - Egypt - Economy - SN:93 - ID:9728006

    CAIRO, Aug 18 (MENA) - The Central Bank of Egypt (CBE) has denied reports circulating on social media that Deputy Governor of the CBE Gamal Negm has resigned. In a statement on Thursday, CBE said Negm is performing his duties at the bank as ....

  • CBE sets out reasons for keeping interest rates steady

    Date: 2022-08-18 19:20:08 GMT - Egypt - Economy - SN:85 - ID:9727641

    CAIRO, Aug 18 (MENA) - The Central Bank of Egypt (CBE) has attributed the decision taken by its Monetary Policy Committee to keep key interest rates unchanged to a number of domestic and external factors. The CBE's Monetary Policy Committee ....

  • PM: Govt continues cooperation with all international institutions

    Date: 2022-08-18 19:15:04 GMT - Egypt - Economy - SN:83 - ID:9727819

    ALAMEIN, Egypt, Aug 18 (MENA) - Prime Minister Mostafa Madbouli said the government continues cooperation with all international institutions to ensure that the applied economic policies are consistent with the best international practices. The ....

  • Global (5): CGTN: China highlights revitalizing northeast in drive for common prosperity

    Date: 2022-08-18 19:12:11 GMT - China - Economy - SN:81 - ID:9727895

    Dear subscribers, following is a global bulletin published for PRNewswire under its own responsibility: =================================================================================== BEIJING, Aug. 18, 2022 /PRNewswire/ -- After winning the ....

  • PM: Govt targets increasing foreign reserves

    Date: 2022-08-18 18:22:51 GMT - Egypt - Economy - SN:80 - ID:9727672

    EL ALAMEIN, Egypt, Aug 18 (MENA) - Prime Minister Mostafa Madbouli said the government targets increasing the country's foreign reserves, through a well-defined plan to attract foreign direct investments, strengthen the private sector's contribution ....

  • Cabinet approves paying EGP 10 bn of overdue dues to exporters

    Date: 2022-08-18 18:21:41 GMT - Egypt - Economy - SN:79 - ID:9727589

    EL ALAMEIN, Egypt, Aug 18 (MENA) - The Cabinet on Thursday approved a request by Finance Minister Mohamed Maait to implement the fifth phase of an initiative aimed at paying EGP 10 billion overdue dues to exporters. The decision was made during ....

  • Egypt's central bank keeps interest rates unchanged

    Date: 2022-08-18 15:40:15 GMT - Egypt - Economy - SN:71 - ID:9727585

    CAIRO, Aug 18 (MENA) - The Central Bank of Egypt (CBE)'s Monetary Policy Committee has decided to keep overnight deposit rate, overnight lending rate, and the main operation rate unchanged at 11.25 percent, 12.25 percent, and 11.75 percent, ....

  • 30 container ships, cargo vessels handled at Damietta Port

    Date: 2022-08-18 13:48:40 GMT - Egypt - Economy - SN:58 - ID:9727211

    DAMIETTA, Egypt, Aug 18 (MENA) - As many as 30 container ships and cargo vessels were handled at Damietta Port in the past 24 hours. In a statement on Thursday, the Damietta Port Authority (DPA) said the total trade volume of exported goods from ....

  • PM: Non-Banking financial sector plays vital role in support of economic development in Egypt

    Date: 2022-08-18 13:43:18 GMT - Egypt - Economy - SN:57 - ID:9727132

    ALAMEIN, Egypt, Aug 18 (MENA) - Prime Minister Moustafa Madbouli said the non-banking financial sector is a key driver to the Egyptian economic development wheel. During a meeting Thursday with Chairman of the Financial Regulatory Authority ....

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