Category Archives: Finance

Assar confers with electricity, public enterprises ministers on boosting cooperation with Gabon

Minister of Military Production Mohamed Saeed el Assar conferred on Sunday with Minister of Electricity Mohamed Shaker, Minister of Public Enterprises Hisham Tawfiq, representatives of the foreign and agriculture ministries and the General Investment Authority as well as the Armed …

UAE company to provide on-demand fuel delivery service in Egypt

The Egyptian General Petroleum Corporation (EGPC) signed a memorandum of understanding with UAE’s CAFU to provide on-demand fuel delivery service in Egypt.

The Dubai-based company is expected to offer its services in Egypt within few months, an EGPC source told …

Social solidarity min., Canadian amb. discuss social protection mechanism

Minister of Social Solidarity Nevine el Qabbag posted Canada’s ambassador to Egypt on Thursday on her ministry’s social protection mechanism and its positive impact on economic reform and the most needy.

In her meeting with Ambassador Jess Dutton, she affirmed …

CBE keeps interest rates unchanged

The Central Bank of Egypt (CBE) on Thursday 20/02/2020 decided to keep the key interest rates unchanged.

The CBE kept the overnight deposit rate at 12.25 percent and the overnight lending rate at 13.25 percent.

It also maintained the rate …

AOI, NASB ink cooperation agreement in scientific, technological fields

Chairman of the Arab Organization for Industrialization (AOI) Abdel Monem Eltarras asserted the importance of cooperation and benefiting from the distinguished expertise of the National Academy of Sciences of Belarus (NASB) in the several domains of science and technology.

This …