Business

03:46

cairo, gmt + 2

19 August

Friday, 2022

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept on hold at 11.25 percent, 12.25 percent, and 11.75 percent, respectively. The discount rate was also kept unchanged at 11.75 percent.

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Magazine Egypttoday February 2022 / March 2022

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PROFILE: Acting governor of Egypt's central bank Hassan Abdullah

Thu, 18 Aug 2022 - 01:22 GMT

Recently, Abdullah was appointed as the Chairman of the Board of Directors of the United Media Company, succeeding Tamer Morsi.

Sisi appoints Hassan Abdullah as acting governor of Egypt's central bank

Thu, 18 Aug 2022 - 12:54 GMT

On Wednesday, former Governor of the Central Bank of Egypt (CBE) Tarek Amer resigned and was appointed consultant to President Abdel Fatah al-Sisi.

EGX flags in green, market cap. gains LE9.3B amid local, Arab purchases

Wed, 17 Aug 2022 - 04:57 GMT

The benchmark EGX30 rose 2.18 percent, or 214.95 points, to end at 10,058.12 points.

Egypt keen on legislative, executive authorities' integration to realize sustainable development: Min.

Wed, 17 Aug 2022 - 04:38 GMT

The minister highlighted the committee's important role in supporting local industry, along with current challenges besetting the industrial sector.

SCZone, Toyota Tsusho Corporation sign MoU

Wed, 17 Aug 2022 - 04:28 GMT

The move falls within the framework of continued cooperation between the SCZONE and the Japanese side in order to increase the number of Japanese projects in the economic zone.

EFG Hermes announces completion of 2nd issue of Valeo securitization bonds at LE 532.6M

Wed, 17 Aug 2022 - 04:07 GMT

The company obtained the approval of the Financial Regulatory Authority (FRA) on July 25, 2021 to proceed with the implementation of the program.

Egypt's trade deficit dips 35.8% to $2.61 in May

Wed, 17 Aug 2022 - 03:26 GMT

Exports increased 18.3 percent, recording $4.01 billion in May 2022, compared to $3.39 billion during the same month of 2021.

Budget allocated to Egypt's seaports development in 2014/24 is LE129B

Wed, 17 Aug 2022 - 03:12 GMT

Minister of Transport Kamel al-Wazir made the statement Wednesday.

CBE Governor Tarek Amer resigns, appointed consultant to President Sisi

Wed, 17 Aug 2022 - 10:18 GMT

Governor of the Central Bank of Egypt (CBE) Tarek Amer resigned Wednesday and was appointed consultant to President Abdel Fatah al-Sisi.

How Egypt encouraged investment into green projects

Tue, 16 Aug 2022 - 11:32 GMT

The Egyptian state has put in place a package of incentives to encourage green projects.

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