economic

CBE: Aman certificates beneficiaries hit 859,000

Sat, 04 Jul 2020 - 12:13 GMT

They bought certificates worth EGP 858 million, it also said.

Saving certificates of NBE, BM garner LE 170bn

Sat, 06 Jun 2020 - 02:46 GMT

Mohamed el Atrebi, the Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 49 billion pounds by the end of the previous week.

CAIRO, USAID ink agreement to improve psychosocial support services

Sat, 30 May 2020 - 12:21 GMT

Minister of International Cooperation Rania el Mashat said on her Twitter account that the initiative aims to improve psychosocial support services.

Egypt's Trade min.: MSMEDA funds 48,743 projects by LE1.19 bn in 4 months

Tue, 26 May 2020 - 09:23 GMT

The minister considered as "good" the amount of funding, taking into account the negative economic impacts that emerged with the outbreak of the coronavirus.

Egypt raises daily limit for cash withdrawal to LE20K

Wed, 22 Apr 2020 - 03:20 GMT

According to El-Etreby, the withdrawal limits for individuals will be modified to be LE 20,000 per day via ATM machines, up from LE 5,000.

Egyptian banks explore multiple avenues to growth

Thu, 02 Apr 2020 - 08:38 GMT

Egypt's banks have emerged from a difficult decade with their appetite for expansion undimmed, The Banker monthly magazine reported on Wednesday.

Min.: Bill on brackets of income tax to lower burden on citizens

Sun, 08 Mar 2020 - 01:18 GMT

Finance Minister Mohamed Maait Sunday said that a new law on the brackets of income tax will be submitted to the House of Representatives shortly.

CBE has liquidity enough to support national economy: Official

Wed, 04 Mar 2020 - 12:43 GMT

Negm said on Wednesday that Egyptian banks have liquidity allowing them to grant loans and support the national economy.

Mashaat discusses with US congressmen supporting 2nd stage of economic reform

Sat, 29 Feb 2020 - 10:42 GMT

They also tackled the congress support for the second stage of Egypt's economic reform program.

Let's come together to tax tech giants, say G20 officials eyeing $100 billion boost

Sat, 22 Feb 2020 - 11:26 GMT

Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook

Mabdouli praises economic relations with Deutsche Bundesbank’s member

Sat, 01 Feb 2020 - 12:41 GMT

Madbouli praised economic and trade relations between Egypt and Germany, which reflect strong political relations between both leaders of the two countries.

Mashaat, S. Korean banking delegation probe boosting coop.

Sat, 01 Feb 2020 - 10:23 GMT

Mashaat discussed with a high-level delegation of the Export-Import Bank of Korea ways of promoting cooperation in projects by Egypt.

Mashaat, UN officials probe cooperation towards women empowerment

Sat, 25 Jan 2020 - 12:11 GMT

Mashat discussed with UN Under-Secretary General and Executive Director of the UN Women Agency means of boosting cooperation towards promoting projects.

EBRD president stresses interest in investment in Egypt

Sat, 25 Jan 2020 - 10:52 GMT

President of the European Bank for Reconstruction asserted the bank's concern with investment in development projects in Egypt in the coming period.

President Sisi meets with WB, explains recent GERD developments

Sat, 18 Jan 2020 - 11:34 GMT

Sisi expressed hope that cooperation with the World Bank would continue for supporting Egyptian development efforts.

Egypt to establish 10 factories in various fields

Wed, 15 Jan 2020 - 03:33 GMT

This announcement came during the prime minister’s meeting with CEO of the General Authority for Investment and Free Zones and his assistant.

Finance Ministry considers energy price reduction for factories

Mon, 13 Jan 2020 - 12:47 GMT

He said the government does not want the coming generations to bear the burdens borne by the current generations.

ASCAME: Trade exchange bet. Egypt, China to increase by 24% in 2020

Sat, 11 Jan 2020 - 12:34 GMT

The volume of trade exchange between Egypt and China is expected to rise by more than 24 percent in 2020.

Oil Minister: "Middle Management Program" aims at building reliable cadres for future

Wed, 08 Jan 2020 - 10:18 GMT

Molla said the Oil Ministry launched the "Middle Management Program" with the aim of preparing young and qualified leaderships.

Stocks steady, oil cools as U.S.-Iran tensions ease

Tue, 07 Jan 2020 - 10:02 GMT

After a strong rally, oil gave back some of its gains amid signs that Iran would be unlikely to strike against the U.S. in a way that would disrupt supplies.

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