Economy

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  • Category : Economy
  • Mashat reviews with FFI representatives upping energy investments in Egypt

    Date: 2025-02-10 18:11:43 GMT - Egypt - Economy - SN:43 - ID:11061784

    CAIRO, Feb 10 (MENA) - Minister of Planning, Economic Development and International Cooperation Rania el Mashat emphasized the government's keenness on encouraging renewable energy projects. The state carried out giant national projects in ....

  • OPEN// IMF, WB say Egypt's economy able to achieve growth, address economic hardships

    Date: 2025-02-10 15:46:41 GMT - Egypt - Economy - SN:37 - ID:11061778

    CAIRO, Feb 10 (MENA) - Representatives of the International Monetary Fund (IMF) and the World Bank said Egypt's economy is capable of achieving growth and addressing economic hardships, despite the impacts of regional and international challenges. ....

  • Industry minister welcomes more Arab investments in Egyptian market

    Date: 2025-02-10 15:33:41 GMT - Qatar - Economy - SN:36 - ID:11061274

    DOHA, Feb 10 (MENA) - Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir highlighted his ministry's assiduous efforts to facilitate industrial measures for investors and attract new ....

  • Agriculture min., IFAD mission reviews progress of 'SAIL' project

    Date: 2025-02-10 13:22:13 GMT - Egypt - Economy - SN:28 - ID:11061196

    CAIRO, Feb 10 (MENA) - Minister of Agriculture and Land Reclamation Alaa Farouq on Monday discussed with mission of the International Fund for Agricultural Development (IFAD) their supervision report and assessment of the Sustainable Agriculture ....

  • Supply min. discusses enhancing partnership with Saudi retailer 'Panda'

    Date: 2025-02-10 13:10:40 GMT - Egypt - Economy - SN:27 - ID:11061428

    CAIRO, Feb 10 (MENA) - Minister of Supply and Internal Trade Sherif Fathy said his ministry works to foster cooperation with the private sector to achieve food security, underlining the importance of promoting partnerships with major retail ....

  • EGX shows mixed performance at close of Monday's trading

    Date: 2025-02-10 13:06:28 GMT - Egypt - Economy - SN:26 - ID:11061603

    CAIRO, Feb 10 (MENA) - Egyptian Exchange (EGX) indices showed mixed performance at the close of Monday's trading session, amid purchases by Arab and foreign institutions and investment funds and Arab investors, against sales by Egyptian institutions ....

  • House okays agreement with AFDB to replace LIBOR with SOFR

    Date: 2025-02-10 12:34:21 GMT - Egypt - Economy - SN:23 - ID:11061357

    CAIRO, Feb 10 (MENA) - The House of Representatives on Monday approved a presidential decree okaying an agreement with the African Development Bank Group (AFDB) to replace the London Interbank Offered Rate (LIBOR) as a reference interest rate with ....

  • 34 containers, cargo ships handled at Damietta Port

    Date: 2025-02-10 12:26:56 GMT - Egypt - Economy - SN:22 - ID:11061484

    DAMIETTA, Egypt, Feb 10 (MENA) – As many as 34 container ships and cargo vessels were handled at Damietta Port in the past 24 hours. In a statement released on Monday, the Damietta Port Authority said that the total volume of exported goods from ....

  • Finance Ministry auctions T-bills worth EGP 65bn

    Date: 2025-02-10 12:20:08 GMT - Egypt - Economy - SN:20 - ID:11061504

    CAIRO, Feb 10 (MENA) - The Ministry of Finance on Monday auctioned treasury bills at a total value of EGP 65 billion. In an online statement, the ministry said it sold 91-day T-bills, with an average yield of 27.54 percent. The ministry also ....

  • Petroleum min., Arcius Energy discuss investment opportunities in Egypt

    Date: 2025-02-10 11:32:01 GMT - Egypt - Economy - SN:15 - ID:11061232

    CAIRO, Feb 10 (MENA) - Petroleum and Mineral Resources Minister Karim Badawi had a meeting on Monday with Naser Al Yafei, the Chief Executive Officer of "Arcius Energy"; a joint venture between British Petroleum (BP) and UAE energy investment ....

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