Economy

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  • Category : Economy
  • All EGX indices down, benchmark declines 1.73 pct

    Date: 2022-02-22 15:10:15 GMT - Egypt - Economy - SN:69 - ID:9431846

    CAIRO, Feb 22 (MENA) - Egyptian Exchange (EGX) indices went down collectively at the close of Tuesday's trading, amid sales from Arab and foreign institutions and investment funds. Meanwhile, purchases prevailed in transactions of domestic ....

  • Sisi calls for launching initiative for maximizing use of natural gas

    Date: 2022-02-22 14:50:12 GMT - Egypt - Economy - SN:65 - ID:9431669

    CAIRO, Feb 22 (MENA) - President Abdel Fattah El Sisi on Tuesday called on the member states of the Gas Exporting Countries Forum to work together on launching a joint initiative to maximize the use of natural gas to be more friendly to achieve a ....

  • Egypt's exports to Kuwait up 19.5% in first 11 months of 2021, imports down

    Date: 2022-02-22 13:51:54 GMT - Egypt - Economy - SN:61 - ID:9431218

    CAIRO, Feb 22 (MENA) - Egypt's exports to Kuwait increased to reach $274 million in the first 11 months of 2021 compared to $229.4 million in the same period in 2020, with an increase of 19.5%, according to data released by the Central Agency for ....

  • Workshops for GECF member states in preparation for COP27: Ministry

    Date: 2022-02-22 13:45:11 GMT - Egypt - Economy - SN:58 - ID:9431651

    CAIRO, Feb 22 (MENA) - Minister of Petroleum and Mineral Resources Tareq el Molla held on Tuesday a meeting with Secretary-General of the Gas Exporting Countries Forum (GECF) Mohamed Hamel. The meeting, held on the sidelines of the GECF ....

  • Egypt's economic growth rate hit 8.3% in Q2 of current fiscal year - min.

    Date: 2022-02-22 13:43:15 GMT - Egypt - Economy - SN:57 - ID:9431390

    CAIRO, Feb 22 (MENA) - Planning Minister Hala el Said said on Tuesday Egypt's economic performance improved in the second quarter of the current fiscal year, achieving 8.3%, noting the economic growth rate is expected to be between 6.2% to 6.5% by ....

  • Natural gas important solution to face climate change problems: Petroleum min.

    Date: 2022-02-22 13:24:59 GMT - Egypt - Economy - SN:56 - ID:9431373

    CAIRO, Feb 22 (MENA) – Minister of Petroleum and Mineral Resources Tarek el Molla has asserted that natural gas is one of the most important solutions to the climate changes problems as it provides a clean source of energy with a low level of carbon ....

  • Madbouli asserts importance of boosting SCZone as logistic center of world trade movement

    Date: 2022-02-22 12:14:23 GMT - Egypt - Economy - SN:46 - ID:9431348

    CAIRO, Feb 22 (MENA) – Prime Minister Moustafa Madbouli asserted the importance of boosting the role of the Suez Canal Economic Zone (SCZone) as a logistic, international and pivotal center for the world trade movement. Madbouli also asserted the ....

  • Petroleum Ministry signs natural gas deal with Russia

    Date: 2022-02-22 11:43:33 GMT - Egypt - Economy - SN:44 - ID:9431344

    CAIRO, Feb 22 (MENA) - Minister of Petroleum and Mineral Resources Tarek Al Molla discussed on Tuesday with Russian Minister of Energy Nikolay Grigoryevich Shulginov a memo of understanding on natural gas, which will be signed shortly between the ....

  • Egypt eyes further economic growth through PPP projects -- Minister

    Date: 2022-02-22 11:25:06 GMT - Egypt - Economy - SN:40 - ID:9430920

    CAIRO, Feb 22 (MENA) – In an effort to enhance economic growth in Egypt, the Finance Ministry will, in the coming weeks, oversee the inking of Public-Private Partnership (PPP) contracts to implement a number of new projects that are hoped to help ....

  • Gamea: Private sector has vital role in implementing Arab economic development plans

    Date: 2022-02-22 11:09:52 GMT - Egypt - Economy - SN:38 - ID:9430990

    CAIRO, Feb 22 (MENA) - Minister of Trade and Industry Neveen Gamea underlined the importance of the Arab private sector in implementing economic development plans in the Arab countries and enhancing joint projects to achieve the objectives of Arab ....

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