Economy

  • Service : English General
  • Category : Economy
  • Trade min.: We seek magnifying benefit of trade representation offices

    Date: 2024-06-05 10:13:27 GMT - Egypt - Economy - SN:28 - ID:10735523

    CAIRO, June 5 (MENA) - Trade and Industry Minister Ahmed Samir said the ministry aims at magnifying the benefit from trade representation offices to realize state goals on luring more foreign investments and boosting Egyptian exports in ....

  • GASC buys 470,000 tons of Romanian, French, Ukrainian, Bulgarian wheat

    Date: 2024-06-04 18:49:06 GMT - Egypt - Economy - SN:66 - ID:10735088

    CAIRO, June 4 (MENA) - The General Authority for Supply Commodities (GASC) said it had concluded an agreement to purchase 470,000 tons of Romanian, French, Ukrainian, and Bulgarian wheat through an international tender. In a press release on ....

  • CBE: Foreign reserves meet country's needs of commodity imports for 8 months

    Date: 2024-06-04 17:46:22 GMT - Egypt - Economy - SN:62 - ID:10734942

    CAIRO, June 4 (MENA) - The Central Bank of Egypt (CBE) said the current foreign exchange reserves, which registered USD 46.125 billion by the end of May, meet the country's needs of commodity imports for eight months. In a statement released on ....

  • APPO, Afreximbank sign establishment agreement of AEB

    Date: 2024-06-04 17:41:20 GMT - Egypt - Economy - SN:61 - ID:10734990

    CAIRO, June 4 (MENA) - The African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have announced the historic signing of the Establishment Agreement and the Charter of the Africa Energy Bank (“AEB”) at a ....

  • CBE announces increase in foreign currency reserves to dlrs 46.125 bn in May

    Date: 2024-06-04 17:02:35 GMT - Egypt - Economy - SN:57 - ID:10734987

    CAIRO, June 4 (MENA) - The Central Bank of Egypt (CBE) announced Tuesday an increase in the reserves of foreign currencies by about dlrs 5.075 billion. The CBE put the total reserves of foreign currencies at about dlrs 46.125 billion by the end ....

  • Bourse gains EGP 12 bn, all indexes up

    Date: 2024-06-04 17:01:20 GMT - Egypt - Economy - SN:56 - ID:10734986

    CAIRO, June 4 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Tuesday's trading session, backed by strong purchases by local institutions and investment funds. The market capital gained about EGP 12 billion to ....

  • Egypt exports of building materials hit dlrs 2.8bln in Q1 of 2024, says trade minister

    Date: 2024-06-04 13:54:18 GMT - Egypt - Economy - SN:45 - ID:10734368

    CAIRO, June 4 (MENA) - Minister of Trade and Industry Ahmed Samir has said that Egypt's exports of building materials exceeded 8 billion dollars in 2023 compared to about 7 billion dollars in 2022. During a meeting Tuesday with Suez governor ....

  • Gov't follows up releasing goods to guarantee volume of goods available in market, providing production inputs

    Date: 2024-06-04 13:00:04 GMT - Egypt - Economy - SN:37 - ID:10734211

    CAIRO, June 4 (MENA) – Prime Minister Moustafa Madbouli asserted the keenness of the government on following up the release of goods held at Egyptian ports through field visits or via periodic meetings to guarantee promoting the volume of the ....

  • EgyptAir, ICAO organize course

    Date: 2024-06-04 11:48:11 GMT - Egypt - Economy - SN:33 - ID:10734341

    CAIRO, June 4 (MENA) - EgyptAir Training Academy organized a course in collaboration with the International Civil Aviation Organization (ICAO). The A320NEO CFM LEAP 1A Engine Run-up course provides A320 Neo –CFM Leap-1A B1 certifying staff CFM ....

  • PM says keen on successful gold investment funds

    Date: 2024-06-04 07:48:54 GMT - Egypt - Economy - SN:17 - ID:10733883

    CAIRO, June 4 (MENA) – Prime Minister Moustafa Madbouli said Tuesday that his government is keen on rendering the Egyptian experiment with gold investment funds successful. A legislative framework is needed to regulate those funds in a way that ....

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