Economy

  • Service : English General
  • Category : Economy
  • AMAN Holding signs MoU to establish consumer financing company in Saudi Arabia

    Date: 2025-01-02 15:36:34 GMT - Egypt - Economy - SN:32 - ID:11013437

    CAIRO, Jan 2 (MENA) - Raya Holding announced that its subsidiary, AMAN Holding, has signed a non-binding Memorandum of Understanding (MoU) with Riyadh-based Jarir Marketing Company, a leading retail player in Saudi Arabia and the Gulf region. ....

  • SCA company launches, repairs 10 aluminum boats

    Date: 2025-01-02 14:07:02 GMT - Egypt - Economy - SN:29 - ID:11013337

    ISMAILIA, Egypt, Jan 2 (MENA) - The Port Said for Engineering Works and Naval Constructions Co., a subsidiary of the Suez Canal Authority (SCA), has launched five "Bahhar" aluminum boats as part of the authority's strategy to modernize its maritime ....

  • Bourse indexes up at close of Thursday's trading session

    Date: 2025-01-02 13:38:42 GMT - Egypt - Economy - SN:26 - ID:11013336

    CAIRO, Jan 2 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Thursday's trading session, backed by purchases by local institutions and investment funds, as well as Arab and foreign investors, against sales by Arab ....

  • Egypt launches $135 mln MG car factory

    Date: 2025-01-01 22:39:49 GMT - Egypt - Economy - SN:45 - ID:11012765

    CAIRO, Jan 1 (MENA) – Egypt is set to host a new MG car manufacturing plant in New October City, with investments totaling $135 million. The factory aims to localize car production, featuring over 45% locally sourced components. Production is ....

  • Madbouli says state capable of confronting challenges

    Date: 2025-01-01 21:59:01 GMT - Egypt - Economy - SN:41 - ID:11012511

    CAIRO, Jan 1 (MENA) – Prime Minister Mostafa Madbouli said Wednesday the state is capable of shouldering its responsibilities despite all burdens and challenges. In statements after a weekly cabinet meeting, Madbouli said: “I would like to ....

  • Borg El Arab airport opens Africa’s first eco-friendly terminal

    Date: 2025-01-01 21:07:41 GMT - Egypt - Economy - SN:39 - ID:11012706

    CAIRO, Jan 1 (MENA) – Borg El Arab International Airport has launched a trial operation of its new eco-friendly terminal, the first of its kind in Africa. The terminal combines advanced technology with sustainability to reduce carbon emissions and ....

  • PM: Private sectors investments grow to 63.5% in FY 2024-2025, 4 last New Administrative Capital

    Date: 2025-01-01 19:09:00 GMT - Egypt - Economy - SN:32 - ID:11012439

    Regular assessments are conducted for the performance of ministers and governors, with a view to providing advice and enhancing their work, Madbouli said. He added that the government will present a report to the parliament on its performance ....

  • PM: Private sectors investments grow to 63.5% in FY 2024-2025, 3 New Administrative Capital

    Date: 2025-01-01 19:06:22 GMT - Egypt - Economy - SN:31 - ID:11012440

    The prime minister highlighted the signing of an exclusive licensing agreement between Mansour Automotive and China's SAIC Motor to build a factory for manufacturing MG cars in the industrial zone in Giza's New October City. Madbouli said that ....

  • ICT ministry clarifies mobile registration rules, fee payments

    Date: 2025-01-01 18:58:27 GMT - Egypt - Economy - SN:30 - ID:11012622

    CAIRO, Jan 1 (MENA) – The Ministry of Communications and Information Technology has issued a detailed report explaining Egypt’s new mobile phone registration system. The system, implemented by the Egyptian Customs Authority and the National ....

  • PM: Private sector investments grow to 63.5% in FY 2024-2025, 2 New Administrative Capital

    Date: 2025-01-01 16:32:51 GMT - Egypt - Economy - SN:23 - ID:11012442

    Madbouli said that he inspected this week the first phase of the project of reviving the Mahalla El Kubra textile industry, noting that the first phase of the project has been finalized, while the second and third phases are likely to be completed ....

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