Economy

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  • Dollar prices stable at Egypt's major banks

    Dollar prices stable at Egypt's major banks

    Date: 2021-08-17 10:02:13 GMT - Egypt - Economy - SN:11 - ID:9115827

    The US dollar exchange rate was stable at the start of Tuesday's transactions in Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording EGP 15.63 for buying and EGP 15.73 for ....

  • CAPMAS: Annual inflation rate up 1% in July

    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 ....

  • Dollar price stable at major banks

    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 ....

  • Egypt's bourse showed mixed performance at closing

    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 ....

  • CBE decides to keep interest rates unchanged

    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, ....

  • Dollar prices stable at Egypt's major banks

    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 ....

  • Trade min.: Great opportunities for Egyptian exports to South Sudan

    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 ....

  • CBE launches mortgage finance initiative for low, middle-income brackets

    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 ....

  • Mollah attends Red Sea Petrochemicals signing deal with French company

    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 ....

  • Finance minister lauds

    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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