The CBE’s decision comes in light with Fitch credit rating agency’s expectations that the central bank would raise interest rates at the Monetary Policy Committee’s meeting.
According to Salem, the EIB gives great priority to water and sanitation projects as one of Egypt's priorities, pointing out that this is done in keeping with the large national programs implemented by Egypt, including a decent life initiative.
The benchmark EGX30 rose 0.27 percent, or 28.68 points, to end at 10,467.63 points.
On March 10, the Official Gazette published the Ministry of Commerce’s decision No. 141 of 2022, banning the export of a number of commodities, namely wheat, flour, gravel, mashed beans, lentils, pasta and flour of all kinds, for a period of 3 months.
He added during the 2022 Arab Banking Conference that the capital adequacy standard recorded 25.5 percent by the end of December 2021, compared to 14.5 percent in 2017, while the global average for the capital adequacy standard recorded 12 percent.
Egypt Today monitors the most prominent points of Madbouli's statements during the press conference.
The benchmark EGX30 declined 1.36 percent, or 144.76 points, to end at 10,534.22 points.
This conference came as a result of implementing President Sisi's directives, especially since the crisis is expected to last longer than expected, according to Prime Minister Mostafa Madbouli.
The benchmark EGX30 declined 1.63 percent, or 176.95 points, to end at 10,678.98 points.
The benchmark EGX30 declined 1.82 percent, or 202.5 points, to end at 10,906.72 points.
The benchmark EGX30 dipped 1.71 percent, or 182.05 points, to end at 10,444.76 points.
The benchmark EGX30 rose 0.16 percent, or 16.87 points, to end at 10,724.8 points.
Market capitalization lost around LE 6.2 billion, recording LE 684.27 billion, compared to LE 690.48 billion in Thursday’s session.
The bank said in a statement, that this decision came after a careful study of the ongoing instability in global markets and economies.
The benchmark EGX30 declined 1.55 percent, or 167.91 points, to end at 10,679.55 points.
The benchmark EGX30 declined 0.47 percent, or 51.23 points, to end at 10,847.46 points.
The benchmark EGX30 rose 1.58 percent, or 170.03 points, to end at 10,898.69 points.
The benchmark EGX30 dropped 1.55 percent, or 168.95 points, to end at 10,728.66 points.
The benchmark EGX30 dropped 1.55 percent, or 168.95 points, to end at 10,728.66 points.
The benchmark EGX30 dropped 1.84 percent, or 204.33 points, to end at 10,897.61 points.
