Economy

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  • Japan’s SARAYA opens $12 mln factory in Sokhna Industrial Zone

    Date: 2024-06-25 19:18:09 GMT - Egypt - Economy - SN:68 - ID:10759410

    CAIRO, June 25 (MENA) - Japanese manufacturer SARAYA Middle East has opened a factory at the Orascom Industrial Park in the Sokhna Industrial Zone, with $12 million in investments. Chairman of the Suez Canal Economic Zone (SCZONE) Walid Gamal ....

  • Sisi signs laws on final accounts of some gov't entities in FY 2022/23

    Date: 2024-06-25 18:01:51 GMT - Egypt - Economy - SN:61 - ID:10759331

    CAIRO, June 25 (MENA) - President Abdel Fattah El Sisi signed several laws endorsing the final accounts of some state-run entities in fiscal year 2022-2023. These include Law No. 48 of 2024 on the final account of the General Authority of Red Sea ....

  • Big 5 Construct Egypt kicks off in Cairo

    Date: 2024-06-25 15:21:06 GMT - Egypt - Economy - SN:47 - ID:10759127

    CAIRO, June 25 (MENA) - The 6th edition of Big 5 Construct Egypt kicked off on Tuesday in Cairo, under the patronage of the ministries of housing and environment. The main session of Big 5 Construct Egypt tackled the future of infrastructure ....

  • PM: Dlrs 1 bn needed for confronting power crisis 2 Cairo

    Date: 2024-06-25 13:54:04 GMT - Egypt - Economy - SN:38 - ID:10759051

    Prime Minister Moustafa Madbouli said the government has drawn up a plan for power cuts for two hours daily until ending this crisis by the end of the year. He added that three unprecedented heat waves hit the country during June, noting that ....

  • Bourse gains EGP 22 bn, all indexes up

    Date: 2024-06-25 13:16:06 GMT - Egypt - Economy - SN:32 - ID:10758922

    CAIRO, June 25 (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 22 billion to ....

  • Agriculture minister to MENA: Strategic goals in agriculture field achieved

    Date: 2024-06-25 12:40:10 GMT - Egypt - Economy - SN:29 - ID:10758434

    CAIRO, June 25 (MENA) - Minister of Agriculture and Land Reclamation El Sayed El Quseir has emphasized the importance of working to achieve a breakthrough in the agricultutral domain amid challenges facing the ministry. In statements to the ....

  • Banque Misr raises credit card limits by 50% in foreign currency

    Date: 2024-06-25 11:41:22 GMT - Egypt - Economy - SN:27 - ID:10758706

    CAIRO, June 25 (MENA) - Banque Misr raised the limits of credit cards by 50% in foreign currency for spending outside Egypt. The monthly purchase limit now reaches EGP 300,000 for the highest category of credit cards. It also reduced the ....

  • global 1:Hisense Joins Goalkeeping Legends Iker Casillas and Manuel Neuer, to Showcase UEFA EURO 2024™ 'BEYOND GLORY' Hero Products

    Date: 2024-06-25 08:40:13 GMT - United Arab Emirates - Economy - SN:16 - ID:10758391

    Dear subscribers, the following is a global bulletin published for PRNewswire:‎ ================================================================ DUBAI, UAE, June 25, 2024 /PRNewswire/ -- Hisense, a leading global home appliance and ....

  • Sisi signs laws on FY 2022-2023 final accounts of some state bodies

    Date: 2024-06-24 18:20:47 GMT - Egypt - Economy - SN:56 - ID:10757997

    CAIRO, June 24 (MENA) - President Abdel Fattah El Sisi on Monday signed law no. 81 of 2024 to sanction the final account of the prison manufacture and production fund's budget of the fiscal year 2022-2023 at about EGP 447 million. The president ....

  • Gov't continues to secure necessary foreign currency to provide various commodities: PM

    Date: 2024-06-24 18:09:15 GMT - Egypt - Economy - SN:54 - ID:10758003

    CAIRO, June 24 (MENA) - The government, in cooperation with the banking sector, will continue in securing the necessary foreign currency in order to provide the various commodities needed by the domestic market, said Prime Minister Moustafa ....

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