economy
CBE Governor Tarek Amer will represent the bank in the two committees, the source said.
The trade between both countries inched down from January until May because of COVID 19.
Nano finance is thus one way of supporting certain segments of society, such as women and youth, to become a productive social power, Omran said in a statement Sunday.
Work is underway to outline a statute of an SMEs bill to help achieve Egypt’s development goals, the minister said.
The report noted that the economic reforms undertaken by the Egyptian government have improved macroeconomic stability and boosted investor confidence in the country.
IMF said it expected the global economy to shrink 4.9 percent this year — a sharper contraction than the 3 percent it predicted in April.
In its World Economic Outlook for June, the fund expected Egypt and China to achieve a positive growth in 2020 despite economic challenges posed by the novel coronavirus pandemic.
The minister reiterated on Monday that Egypt supports such a balanced system to help countries counter the repercussions of the novel coronavirus outbreak.
Reaping the fruits of national economic reforms alongside the easing of the economic repercussions of the novel coronavirus are the key features of the 2020/21 budget.
The market capital gained EGP 5.2 billion to reach EGP 579.6 billion compared with EGP 574.4 billion in the previous week, recording an increase of 0.9%.
In May 2020, inflation rate hit 5 percent while unemployment was estimated at 7.5 percent and trade balance deficit declined to 36 percent, she said.
Minister of Trade Niven Gamea' issued a decision on maintaining the suspension of exporting alcohol for three months.
Allianz’s chief economic adviser and president-elect of Queens’ College, University of Cambridge Mohamed El-Erian wrote an article on Financial Times about the American economy and switch happen in it during the last period.
Moody’s Investors Service published a FAO on the impact of coronavirus on Egypt’s event risk, public finances and longer-term credit trends.
This came during Kojaks’s meeting with representatives of the major international companies operating in Egypt via video conference. The meeting was organized by the American Chamber of Commerce and the American Development Organization "USAID".
The government targets to boost investments in the higher education sector by 100 percent and IT sector by 300 percent, the minister added.
Blomberg noted that an agreement would soon be signed with the Egyptian government on emergency grant funding worth $500,000 for the categories harmed by COVID-19.
This came in a video published by the Ministry of Planning and Economic Development on the social media.
This came in a report published by the Ministry of Planning to give analysis on the development of some indices related to the economic and social performance during the third quarter of the current fiscal year 2019/2020.
An official at the bank dismissed as groundless reports circulated in social media.