cairo, gmt + 2
Tue, 31 Jan 2023 - 12:50 GMT
The positive growth rate in Egypt continued in the first quarter of the fiscal year 2022/23, recording 4.4 percent.
These initiatives help provide the necessary cash liquidity to ensure the rotation of the economy and enable exporters to fulfill their obligations
Egypt is carrying out different development projects that provide distinguished investment opportunities in promising sectors, Maait added.
The Egyptian exports to the US decreased 5.2 percent to reach $2 billion during the first 10 months of 2022, compared to $2.1 billion in the same period in 2021.
At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered LE 29.90 for buying and LE 30.00 for selling.
The benchmark EGX30 decreased 2.21 percent, or 384.82 points, to end at 17,026.64 points.
According to the stock exchange statement issued today, the three companies joining the EGX30 are (Abu Dhabi Islamic Bank - Egypt, Edita Food Industries, Taaleem Management Services).
The Minister pointed out the importance of expanding the scope of cooperation between the IFC and private sector companies in Egypt through credit lines to banks to promote the development of small, medium and micro enterprises (SMEs), in addition to the availability of green bonds, to increase investments in various fields.
Brazil’s President Luiz Inacio and Argentina’s President Alberto Fernández wrote in an Argentinian paper –Perfil- on Sunday Jan 22, 2023 that they wanted more integration between the two neighboring countries.
Rumors regarding imposing new taxes on official documents and educational certificates have been rapidly circulated on social media cites since Saturday.
Egypt aims to achieve a growth in GDP worth 5-6 percent in the fiscal year 2024-2025 and a 2.1 percent in primary surplus in the FY 2023-2024, Prime Minister Mostafa Madbouli said on Monday.