MEDIA IN, Cairo, June 10, 2018 (WAM) The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) said today that annual consumer price inflation in Egyptian cities fell to 11.4 percent in May from 13.1 percent in April, more than the International Monetary Fund expected. On a monthly basis, consumer …
Read More »Egyptian central bank cuts interest rate on the pound 200 points
Media In – Cairo The Central Bank of Egypt (CBE) cut interest rates on the pound by 200 basis points over the past three months. With interest rates at 16.75 and 17.75 on lending and deposit respectively after inflation fell. Meanwhile, loan portfolios at banks grew by 12.2% last year …
Read More »Egypt pays $ 30 billion of its debts and foreign liabilities
Media In – Cairo – 10 June 2018 Egypt paid $ 30 billion of its debt and foreign liabilities during 2017, and the central bank of Egypt closed its full debt owed by the African Export Bank to pay $ 500 million in the final installment of the $ 3.7 …
Read More »$ 300 million in trade exchange between Egypt and Oman
Media In – Cairo – June 9, The volume of trade exchange between Egypt and Oman amounted to 300 million dollars during the last year 2017. While Omani investments are $ 77 million distributed in 70 projects. The Egyptian-Omani Business Council has been formed for three years
Read More »A fund to invest the funds of Egyptians abroad with a capital of 10 billion dollars
Media In – Cairo – 9 June 2018 The Egyptian-American Entrepreneurship Foundation launched an initiative to launch a $ 10 billion fund raised by Egyptians abroad to invest in the Egyptian market. The Foundation held talks with several heads of Egyptian communities abroad to contribute to the fund, which aims …
Read More »Egypt’s central bank pays $ 8.6 billion of foreign debt
Media in Cairo, 7 June 2018 The Central Bank of Egypt paid 8.6 billion dollars of foreign debt during the period from July to December last year 2017. The central bank pointed out that $ 7.5 billion of the debt repayment value of $ 1.1 billion represents debt interest. According …
Read More »Amman, Jordan is the highest governorate in the licensed area for buildings in the first quarter
Media In / Agencies / Amman 7 June 2018 According to a report by the Jordanian Department of Statistics, the capital governorate ranked first in the first quarter of this year in terms of total area of licensed buildings by 46%, followed by Irbid governorate by 17% compared to the …
Read More »87% of Jordanians work for a monthly wage
Media In / Agencies / Amman, 6 June 2018 The Jordan Strategies Forum said that the salary from the job in Jordan is one of the most important factors influencing the income of most Jordanians. “It may be the main factor and the only component of the income of the …
Read More »3 Egyptian government banks to meet the needs of pilgrims from the Saudi riyal
Media in – Cairo June 6, Egypt’s three state-owned banks, Egypt, and Cairo have completed their operations to provide the requirements of tourism companies and individuals from Saudi riyal currencies to cover the expenses of the Hajj program this year. This came after a joint meeting between the heads of …
Read More »The Egyptian parliament approves the new budget worth one trillion and 724 billion pounds
Media In – Cairo, June 6, 2018 The Egyptian Council of Representatives in its meeting yesterday on the new budget for the year 201-201-2019 trillion and 724 billion pounds. The estimated expenses amounted to 424 billion pounds, of which 270 billion pounds were compensation of workers, and support amounted to …
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