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15 August

Saturday, 2020

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Egypt's central bank statement on unchanged interest rates

Thu, 13 Aug 2020 - 05:54 GMT

MPC attributed the reasons behind keeping the rates unchanged for the fourth consecutive meeting in a statement.

Egypt's central bank keeps interest rates unchanged for 4th meeting in row

Thu, 13 Aug 2020 - 05:48 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Egypt starts new stage towards transforming into digital society: Min.

Thu, 13 Aug 2020 - 05:31 GMT

Ma’it clarified Thursday that this transformation contributes to facilitating citizens' access to services at their actual value, and is consistent with presidential directives to gradually move to "digital Egypt".

EGX ends week on mixed note, market cap. gains LE 1.5B

Thu, 13 Aug 2020 - 03:06 GMT

The benchmark EGX30 rose 0.20 percent, or 21.85 points, to close at 10,944.18 points.

Presidential decree renewing appointment of Yehia Zaki as SCZone head

Thu, 13 Aug 2020 - 02:40 GMT

In August 2019, Zaki was appointed as the SCZone head to succeed former chairman Mohab Mamish.

GAFI chief discusses luring further Japanese investments

Thu, 13 Aug 2020 - 02:34 GMT

The Japanese side lauded the GAFI's role in providing all facilitation for Japanese companies working in the country, in addition to its efforts to attract more Japanese investments.

Mashaat hails cooperation with USAID in development march

Thu, 13 Aug 2020 - 02:22 GMT

Mashaat made the remarks during a meeting via video conference to see off Mission Director for USAID/Egypt Sherry Carlin whose term in Egypt has ended and is scheduled to chair USAID mission in Jordan.

Zarou CEO: Company to invest $1B in Egypt this year

Thu, 13 Aug 2020 - 02:16 GMT

Prime Minister Moustafa Madbouli welcomed the company's plans to invest in Egypt while chairing a meeting on means boosting investments in the infrastructure domains as well as plans of Egypt's Sovereign Wealth Fund (SWF) to lure investments.

EBRD delegation visits SCZone

Thu, 13 Aug 2020 - 01:15 GMT

In a statement on Thursday, the SCZone said the visit tackled the technical support presented to improve the level of services.

Cabinet okays amendments on unified tax procedures bill

Thu, 13 Aug 2020 - 01:08 GMT

The approval came on Wednesday during a videoconferencing meeting chaired by Prime Minister Moustafa Madbouli.


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