Business news wrap-up



Thu, 14 Sep 2017 - 06:22 GMT


Thu, 14 Sep 2017 - 06:22 GMT

Economy – Pixabay

Economy – Pixabay

Egypt starts to bear fruit of economic reform: Sisi

Egypt has already started to bear the fruit of the economic reform measures and is moving in the right path according to its national vision, President Abdel Fatah el-Sisi said at the ninth Global Policy Forum, which kicked off in the Red Sea resort of Sharm El-Sheikh on Thursday.

Economic reform aims to achieve sustainable development: CBE

The target of the latest economic reform measures is achieving a comprehensive and sustainable development so that the reforms could reach all society segments, the Governor of the Central Bank of Egypt (CBE) Tarek Amer said Thursday.

UN 2030 Agenda focuses on financial inclusion: Ferriero

The United Nations 2030 Agenda targets the elimination of poverty and focuses on the importance of financial inclusion, Vice Chairman of the International Alliance for Financial Inclusion (AFI) and Deputy Governor of Brazil’s central bank, Isaac Ferreira, said Thursday.

EGX ends in green, turnover gains LE 430M

The Egyptian Exchange (EGX) saw positive performance on Thursday, boosted by foreign purchases. The benchmark index EGX30 rose 1.25 percent to close at 13,611 points.

Cabinet denies shortage of subsidized commodities

The cabinet's Information and Decision Support Center denied social media reports claiming that there is shortage in subsidized commodities and an increase in their prices in cooperatives.

Improved Security helped increase tourist arrivals: Report

The improvement in security measures in Egypt’s major tourist resorts and international airports has helped recover tourist arrivals to the country, London-based think-tank Capital Economics said in a research note.

CBE issues LE 13.25B in T-bills Thursday

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued LE 13.25 billion ($752 million) in treasury bills (T-bills) Thursday.

Bank of England to balance Brexit and inflation as it seeks right note on rates

The Bank of England must decide how forcefully to talk about the prospect of a first interest rate rise in a decade on Thursday when it will weigh up the need to help Britain’s Brexit-bound economy against tackling a jump in inflation.



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