The central bank lowered its inflation outlook from its previous Monetary Policy Committee (MPC) meeting in August, citing recent developments that were more favorable than previously expected, according to its monetary policy report issued Thursday.
The tender offered 335 blocks covering around 650 square kilometers, including 261 blocks for gold exploration and 74 blocks for other mineral resources such as phosphate and kaolin, Badawi said at a press conference Thursday.
The progress was announced during a board meeting chaired by Planning and Economic Development Minister and NIB Chairman Ahmed Rostom to review the final stages of the settlements and approve the bank’s restructuring plan.
Under the decision, consumer finance companies will be required to provide specified data through electronic systems.
Yang Ming is seriously considering resuming Suez Canal transits, the company’s General Manager of Branches Ashraf Sami said during a meeting with Suez Canal Authority Chairman Osama Rabie.
