Egyptian president checks economic performance indicators

Wed, 20 Mar 2024 - 02:03 GMT

That is in light of the recent inflow of funding and investments as well as the investment promotion programmes implemented last year.

Standard & Poor's keeps Egypt's credit rating at B/B with stable outlook

Sun, 09 May 2021 - 08:13 GMT

The stabilization is backed by the accumulation of foreign exchange reserves and high growth rates in the two years preceding the Corona pandemic, as well as Egypt's positive growth rates despite the global pandemic.

S&P keeps Egypt's credit rating at B with stable outlook for 2nd time in 2020

Sat, 07 Nov 2020 - 12:28 GMT

The minister stated the move reflects an international confidence in the stability and solidity of the Egyptian economy.

Bank deposits increase 43.1% in 2016/2017

Mon, 19 Feb 2018 - 09:24 GMT

Egypt’s Bank deposits increased 43.1 percent in fiscal year 2016/2017 on a year on year basis to record LE 3027.8 billion.

Egypt has never failed to pay off its debts: Finance Min.

Sat, 02 Dec 2017 - 04:14 GMT

Egypt has never failed in repaying its foreign debts on time, Finance Minister Amr el-Garhy told Egypt Today Saturday.

$75M from EBRD to Banque Misr to finance Egyptian SMEs

Tue, 14 Nov 2017 - 12:06 GMT

The EBRD credit line to Banque Misr will enable Egypt's second largest public bank to increase its funding for SMEs.

Business news wrap-up

Sat, 11 Nov 2017 - 05:33 GMT

A wrap-up for the most prominent business news of the day.

Value of mobile pre-paid cards decreased by 36%

Sat, 30 Sep 2017 - 03:45 GMT

The LE 100 recharging card will give LE 70 credit, instead of LE 100.

China makes requirement rate cut to boost lending to small firms

Sat, 30 Sep 2017 - 02:57 GMT

China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage.

CBE expands benefits of small project loans scheme

Thu, 13 Jul 2017 - 12:22 GMT

CBE decided Wednesday to expand the benefits of the small project loans scheme to encourage agricultural, livestock and fisheries production.

No rise in prices of prepaid cell phone cards

Mon, 03 Jul 2017 - 08:40 GMT

The Minister for Communication and Information Technology confirmed on Sunday that there has been no official increase of prepaid cell phone credit tariffs and individual traders are responsible for setting their own prices.

Moody's downgrades S.Africa on growth, political worries

Sat, 10 Jun 2017 - 11:46 GMT

Credit ratings agency Moody's said it had downgraded South Africa a notch over gloomy growth prospects and the political instability

400,000 microcredit inquiries so far this year

Tue, 06 Jun 2017 - 02:28 GMT

That number is the outcome of cooperation between civil associations and the Egyptian Union of Microfinance.

Foreign trade after pound flotation reached $28B: CBE official

Sun, 23 Apr 2017 - 06:00 GMT

Foreign trade transactions that took place since the floatation of the Egyptian pound on 3 November 2016 until 10 April 2017 amounted to $28 billion, the Central Bank of Egypt’s (CBE) sub-governor Tarek Fayed said on Sunday