Economy

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  • Category : Economy
  • CBE: Egypt's net foreign reserves rise to $46.952 billion in Nov

    Date: 2024-12-08 17:11:40 GMT - Egypt - Economy - SN:55 - ID:10983194

    CAIRO, Dec 8 (MENA) - The Central Bank of Egypt (CBE) said Sunday there was a new increase in Egypt's net foreign exchange reserves by the end of November, compared to October. The CBE added in a statement today net foreign reserves reached ....

  • SCZONE, Chinese Henneway launch $50M luggage manufacturing project at Qantara West

    Date: 2024-12-08 16:07:52 GMT - Egypt - Economy - SN:49 - ID:10983006

    ISMAILIA/Egypt, Dec 8 (MENA) - Chairman of the Suez Canal Economic Zone (SCZONE) Walid Gamal el-Din, attended a ceremony to lay the foundation stone for the Chinese Henneway luggage manufacturing project at the Qantara West Industrial Zone, Egypt ....

  • Bourse posts collective gains at close of Sunday's trading sessions

    Date: 2024-12-08 15:35:10 GMT - Egypt - Economy - SN:45 - ID:10983080

    CAIRO, Dec 8 (MENA) - The Egyptian Exchange (EGX) indexes went up at the close of trading on Sunday, backed by purchases by institutions, local investment funds and foreign and Egyptian investors. The capital market gained nearly EGP 19 billion ....

  • Finance Ministry auctions T-bills worth EGP 75bn

    Date: 2024-12-08 14:59:53 GMT - Egypt - Economy - SN:42 - ID:10983014

    CAIRO, Dec 8 (MENA) - The Ministry of Finance on Sunday auctioned treasury bills at a total value of EGP 75 billion. In an online statement, the ministry said it sold 182-day T-bills with an average yield of 30.99 percent. The ministry also ....

  • PM: Egypt- Qatar ties are at their best... more cooperation, coordination during upcoming period 2 last Doha

    Date: 2024-12-08 14:27:38 GMT - Qatar - Economy - SN:41 - ID:10983089

    Egyptian Prime Minister Moustafa Madbouly said: We are fully aware of interest of Qatari businessmen in investing in areas, including the real estate sector, food security, tourism and other sectors, pointing out to a number of available investment ....

  • PM: Egypt- Qatar ties are at their best... more cooperation, coordination during upcoming period

    Date: 2024-12-08 13:10:35 GMT - Egypt - Economy - SN:34 - ID:10982835

    DOHA, Dec 8 (MENA) - Egyptian Prime Minister Mostafa Madbouly said Egyptian-Qatari bilateral relations are witnessing their best during the current stage and are expected to witness more cooperation and coordination in the various fields during the ....

  • Dollar exchange rate up during Sunday's transactions

    Date: 2024-12-08 13:05:38 GMT - Egypt - Economy - SN:33 - ID:10982833

    CAIRO, Dec 8 (MENA) - The dollar exchange rate increased during Sunday's transactions, recording EGP 50.15 for buying and EGP 50.25 for selling at the National Bank of Egypt (NBE), Banque Misr and Commercial International Bank (CIB). The euro ....

  • State works on upgrading textile industry - Min.

    Date: 2024-12-07 18:18:28 GMT - Egypt - Economy - SN:53 - ID:10982002

    CAIRO, Dec 7 (MENA) – Minister of Public Business Sector Mohamed Shimi said the state prioritizes developing the spinning and weaving industry to contribute to restoring Egypt’s leading role in this field. The minister’s remarks came on Saturday ....

  • ITIDA signs MoU with Foundever on €65 million investments to cement Egypt’s role as global hub for CX and IT offshoring

    Date: 2024-12-07 10:17:46 GMT - Egypt - Economy - SN:14 - ID:10981576

    CAIRO, Dec 7 (MENA) - Minister of Communications and Information Technology Amr Talaat attended the signing ceremony of a memo of understanding with Foundever, a leading global provider of customer experience (CX) solutions, which has announced an ....

  • Investment min. participates in Egyptian-Danish trade forum

    Date: 2024-12-06 20:36:16 GMT - Egypt - Economy - SN:59 - ID:10981129

    CAIRO, Dec 6 (MENA) – The Egyptian government is committed to pursuing further reforms to create a business-friendly environment, and streamline relevant procedures to attract more Danish investments, especially in light of the success stories of ....

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