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Economy
- Service : English General
- Category : Economy
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Finance Ministry: Egypt's budget deficit falls to 6.5% of GDP
Date: 2025-05-28 16:10:41 GMT - Egypt - Economy - SN:42 - ID:11198025
CAIRO, May 28 (MENA) – The Ministry of Finance announced that Egypt’s budget deficit dropped to 6.5% of GDP during the first ten months of fiscal year 2024/25, reaching EGP 1.12 trillion, down from EGP 959,862 billion during the same period last ....
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Gov't pursuing alternatives to secure natural gas needs, cut import bill: Petroleum min.
Date: 2025-05-28 16:06:06 GMT - Egypt - Economy - SN:40 - ID:11198016
CAIRO, May 28 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi said that the ministry, the Egyptian General Petroleum Corporation (EGPC), and the Egyptian Natural Gas Holding Company (EGAS) are studying a set of mechanisms and ....
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Khatib calls for preparing new investment map for next ten years
Date: 2025-05-28 13:01:15 GMT - Egypt - Economy - SN:28 - ID:11197648
CAIRO, May 28 (MENA) - Minister of Investment and Foreign Trade Hassan El Khatib called on Wednesday for preparing within three months a ready-to-implement investment map for the next ten years. This map should include fully licensed investment ....
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Chinese envoy hails cooperation with Egypt in Canal sugar project
Date: 2025-05-28 12:37:42 GMT - Egypt - Economy - SN:26 - ID:11197409
CAIRO, May 28 (MENA) - Chinese Ambassador to Cairo Liao Liqiang praised the trilateral cooperation between Egypt, China, and the United Arab Emirates in the "Canal Sugar Company" project in Minya Governorate. In this collaboration, the UAE ....
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Cabinet reviews plans to increase renewable energy production
Date: 2025-05-28 12:34:01 GMT - Egypt - Economy - SN:24 - ID:11197647
CAIRO, May 28 ( MENA) - The Cabinet, in its meeting on Wednesday under Prime Minister Mostafa Madbouli, reviewed a report presented by Engineer Mahmoud Esmat, Minister of Electricity and Renewable Energy, regarding the Ministry's plan to raise the ....
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Egypt, Sweden eye upping volume of cooperation
Date: 2025-05-28 12:18:12 GMT - Egypt - Economy - SN:23 - ID:11197406
CAIRO, May 28 (MENA) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El Wazir Wednesday affirmed profound and strong relations between Egypt and Sweden, expressing eagerness to increase the volume of ....
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Bourse shows mixed performance at close of Wednesday trading
Date: 2025-05-28 12:12:16 GMT - Egypt - Economy - SN:22 - ID:11197654
CAIRO, May 28 (MENA) - Egyptian Exchange (EGX) indices showed mixed performance at the end of trading Wednesday fueled by purchases from local and Arab institutions and investment funds as well as foreign and Egyptian investors, against sales by ....
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Khatib: Egypt looking forward to boosting trade, investment with Belarus
Date: 2025-05-28 10:30:24 GMT - Egypt - Economy - SN:17 - ID:11197315
CAIRO, May 28 (MENA) - Investment Minister Hassan el Khatib said Egypt is looking forward to boosting trade and investment with Belarus as the government seeks opening new markets and diversifying its international partnerships. He lauded the ....
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PM witnesses signing of partnership agreement with US company
Date: 2025-05-28 09:13:05 GMT - Egypt - Economy - SN:14 - ID:11197179
CAIRO, May 28 (MENA) - Prime Minister Moustafa Madbouli witnessed the signing of a partnership agreement between the Holding Company for Pharmaceuticals, Chemicals and Medical Supplies and US-based Dawah Pharma. The goal of the joint venture is to ....
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14,000 tons of goods handled at Red Sea ports
Date: 2025-05-28 07:13:41 GMT - Egypt - Economy - SN:8 - ID:11197025
HURGHADA, Egypt, May 28 (MENA) - Some 14,000 tons of goods were handled at Red Sea ports. In a statement released on Wednesday, the Red Sea Port Authority (RSPA) said, the total volume of exported goods from the port amounted to 9,000 ....
