Economy

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  • 43,000 tons of goods handled at Red Sea Ports

    Date: 2024-03-27 08:40:40 GMT - Egypt - Economy - SN:17 - ID:10640236

    HURGHADA, Egypt, March 27 (MENA) - About 43,000 tons of goods were handled at the different Red Sea harbors on Wednesday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 4,000 tons of goods, 390 trucks and ....

  • Petroleum sector works on feasibility study of SAF production – Min.

    Date: 2024-03-26 21:14:04 GMT - Egypt - Economy - SN:67 - ID:10639837

    CAIRO, March 26 (MENA) – Petroleum and Mineral Resources Minister Tareq El Molla said the oil sector is currently conducting a feasibility study to carry out several projects for sustainable aviation fuel (SAF) production. The minister’s remarks ....

  • Int’l coop. minister signs agreement on El Gabal El Asfar Wastewater Treatment Plant

    Date: 2024-03-26 19:32:49 GMT - Egypt - Economy - SN:60 - ID:10639841

    CAIRO, March 26 (MENA) - International Cooperation Minister Rania el Mashat signed with the French Development Agency a development financing agreement worth 50 million euros and a grant worth 1.5 million euros. The minister also witnessed the ....

  • Planning min. partakes in Inaugural Joint Steering Committee Meeting of UNSDCF 2023-2027

    Date: 2024-03-26 18:44:18 GMT - Egypt - Economy - SN:58 - ID:10639722

    CAIRO, March 26 (MENA) – Minister of Planning and Economic Development Hala El Saeed said the Egypt-UN Sustainable Development Cooperation Framework (UNSDCF 2023-2027) builds on previous efforts pursued as part of an earlier five-year partnership ....

  • Gov’t starts repaying foreign partners' dues of oil projects

    Date: 2024-03-26 16:03:38 GMT - Egypt - Economy - SN:48 - ID:10639621

    CAIRO, March 26 (MENA) – Prime Minister Moustafa Madbouli has stressed that the State is keen on taking intensive actions on the dues of foreign petroleum companies working in Egypt through implementing a mechanism for repaying such dues. The ....

  • Sisi directs to maintain financial discipline, guarantee budget sustainability

    Date: 2024-03-26 15:39:09 GMT - Egypt - Economy - SN:46 - ID:10639623

    CAIRO, March 26 (MENA) – President Abdel Fattah El Sisi has ordered continuing work to achieve financial discipline and guarantee the sustainability of the State budget. The president's directives came on Tuesday at a meeting with Prime Minister ....

  • 2 agreements inked to explore oil in Gulf of Suez

    Date: 2024-03-26 14:43:26 GMT - Egypt - Economy - SN:40 - ID:10639486

    CAIRO, March 26 (MENA) – Petroleum Minister Tarek El Molla on Tuesday witnessed the signing of two agreements of oil exploration and production in Gulf of Suez. The deals were inked by the directors and chairmen of the consortium of ADES Holding ....

  • GAFI grants 6 golden licenses to projects with worth of EGP 5.6 billion

    Date: 2024-03-26 14:12:57 GMT - Egypt - Economy - SN:32 - ID:10639346

    CAIRO, March 26 (MENA) - Executive Director of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba handed over six new golden licenses to the representatives of EnviroProcess companies for industries and waste recycling, Hassan ....

  • USD 121.9 bln in total foreign currency receipt in 2022-23: CAPMAS

    Date: 2024-03-26 13:10:52 GMT - Egypt - Economy - SN:30 - ID:10639341

    CAIRO, March 26 (MENA) – Foreign currency receipt in 2022-23 declined to USD 121.9 billion, compared to USD 160.5 billion in 2021-22), or 24% as a result of the decrease in government receipt, that decreased to USD 2.4 billion in 2022-23, the ....

  • Revenues of ETHYDCO increase by 34% in 2023: Petroleum Ministry

    Date: 2024-03-26 12:12:57 GMT - Egypt - Economy - SN:23 - ID:10638947

    CAIRO, March 26 (MENA) - The revenues of the Egyptian Ethylene and Derivatives Company (ETHYDCO) has increased by 34 percent in the year 2023, achieving 109 percent of its targeted production plans. The company has succeeded in producing 333,000 ....

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