Minister of Supply: Egypt Plans to Achieve 65% of Self-sufficiency in Wheat Soon

May 21, 2022

Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, spoke about the national project for wheat silos, saying that the ...

Egypt Announces Daily Average of 5 COVID-19 Infections, 2 Deaths last week

Egypt Announces Daily Average of 5 Coronavirus Cases, 2 Deaths Last Week

by H-Tayea

May 21, 2022

0

The Egyptian Ministry of Health and Population announced on Saturday that the average number of daily infections with COVID-19 during ...

Egypt Predicted to See Moderate Weather on Sunday

Egypt to See Moderate Weather on Sunday

by H-Tayea

May 21, 2022

0

Meteorologists predict moderate weather during the daytime on Sunday across Greater Cairo, Lower Egypt, the northern coasts, and central Sinai. ...

The domestic liquidity in the banking sector rose to EGP 6.280 trillion in the first quarter of 2022, compared to EGP 5.822 trillion in Q4 of 2021, an increase of EGP 457.5 billion, and a growth of 7.8%, according to the Central Bank of Egypt (CBE). Central Bank data revealed that the money supply recorded EGP 1.469 billion at the end of March, compared to EGP 1.382 trillion at the end of December 2021. Cash in circulation outside the banking system amounted to EGP 717.2 billion at the end of March 2022, compared to EGP 701.8 billion at the end of December 2021, according to the central bank. As for deposits in local currency, total deposits in banks - other than the government - rose to EGP 4.754 trillion in Q1 of 2022, compared to EGP 4.469 trillion at the end of December 2021, with a growth of 6.3% within 3 months. Central Bank data showed that deposits in local currency were divided into demand deposits, time deposits and savings certificates. Demand deposits recorded EGP 752.254 billion at the end of March 2022, compared to EGP 680.464 billion at the end of last year, while time deposits and savings certificates scored EGP 4.002 trillion in Q1 of 2022, compared to EGP 3.789 trillion at the end of December. Foreign currency deposits With regard to deposits in foreign currency, the total deposits of banks in foreign currency - other than the government - increased to reach EGP 808.372 billion Q1 of 2022, compared to EGP 650.825 billion at the end of last year, a growth of 24.2%, within 3 months. Deposits in foreign currency were divided into demand deposits in dollars, which amounted to EGP 223.049 billion, time deposits and savings certificates worth EGP 585.323 billion by the end of March 2022.

Head of EBA: 18% Savings Certificates Raise EGP 690 Billion

by Ahmed Moamar

May 20, 2022

0

Mohamed El-Etreby, head of the Egyptian Banks Association (EBA), said that the decision to raise the interest rate was inevitable ...

health ministry spokesman, Hossam Abdel Ghaffar.

Health Min.: No Reported Monkeypox Cases in Egypt until Now

by Rana Atef

May 20, 2022

0

Dr. Hossam Abdel Ghaffar, the spokesperson of the Ministry of Health, announced that there is recorded or reported cases of ...

Egypt to See Moderate Weather on Saturday, Cairo 28°C

by Rana Atef

May 20, 2022

0

Meteorologists in Egypt revealed that the Great Cairo, Lower Egypt, South Sinai, and the north of Upper Egypt will see moderate weather ...

Egypt “Only Country” to Implement Structural Economic Reforms during Pandemic- Min.

Planning Min.: Egypt Invests $17 billion in Health Sector

by Ahmed Moamar

May 20, 2022

0

Dr. Hala Al-Saeed, Minister of Planning and Economic Development, participated via video conference, in the session entitled “Planet and People’s ...

IMF Urges Egypt to Implement Economic Structural Reforms Through Partnership with Private Sector

Finance Min.: IMF Confirms Egypt’s Economy Can Weather Global Crisis

by Ahmed Moamar

May 20, 2022

0

Dr. Mohamed Maait, Minister of Finance, affirmed that the International Monetary Fund (IMF) praised the Egyptian economy as that the ...

Portuguese President Hails Egypt in Ciência 2022

Portuguese President Hails Egypt’s Participation in Ciência 2022

by Omnia Ahmed

May 20, 2022

0

Portuguese President Marcelo Rebelo de Sousa praised Egypt's effective participation in the Science Conference (Ciência 2022 ). The President highlighted ...

Hot Weather Hits Egypt on Friday

by Yara Sameh

May 20, 2022

0

The Egyptian Meteorological Authority (EMA) predicts hot weather to prevail in Cairo, Lower Egypt, and North Upper Egypt, during daylight ...

Egyptian-Swedish Director Tarek Saleh’s Feature to Be Screened at Cannes

by Rana Atef

May 20, 2022

0

"Boy from Heaven" feature directed by Egyptian-Swedish filmmaker Tarek Saleh will be screened tomorrow at Cannes. The film revolves around ...

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Tag: Egypt

Minister of Supply: Egypt Plans to Achieve 65% of Self-sufficiency in Wheat Soon

Egypt Announces Daily Average of 5 Coronavirus Cases, 2 Deaths Last Week

Egypt to See Moderate Weather on Sunday

Head of EBA: 18% Savings Certificates Raise EGP 690 Billion

Health Min.: No Reported Monkeypox Cases in Egypt until Now

Egypt to See Moderate Weather on Saturday, Cairo 28°C

Planning Min.: Egypt Invests $17 billion in Health Sector

Finance Min.: IMF Confirms Egypt’s Economy Can Weather Global Crisis

Portuguese President Hails Egypt’s Participation in Ciência 2022

Hot Weather Hits Egypt on Friday

Egyptian-Swedish Director Tarek Saleh’s Feature to Be Screened at Cannes

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