Economy

  • Service : English General
  • Category : Economy
  • African ambassadors’ visit to 6th of October Industrial Zone opens new horizons for coop., investment – Official

    Date: 2024-06-11 21:39:53 GMT - Egypt - Economy - SN:94 - ID:10744855

    CAIRO, June 11 (MENA) – Sherief El Gabaly, president of the African cooperation committee of the Federation of Egyptian Industries (FEI), has lauded the organization of the first field visit of African ambassadors for 6th of October Industrial ....

  • Istanbul ministerial declaration stresses importance of attaining economic integration: Industry min.

    Date: 2024-06-11 21:31:49 GMT - Egypt - Economy - SN:92 - ID:10744852

    CAIRO, June 11 (MENA) - Trade and Industry Minister Ahmed Samir said that the third ministerial meeting on the Trade Preferential System among the Member States of the OIC (TPS-OIC) underlined the importance of promoting economic cooperation between ....

  • Egypt has significant role in BRICS – Cabinet spox.

    Date: 2024-06-11 21:04:16 GMT - Egypt - Economy - SN:91 - ID:10744818

    CAIRO, June 11 (MENA) – Egypt plays an important role in the BRICS, Spokesman for the Cabinet Mohammed Al Homsany said Tuesday. Speaking to DMC TV channel, he said the New Development Bank (NDB) established by the group is good for helping and ....

  • Bourse gains EGP 11 bn, all indexes up

    Date: 2024-06-11 19:37:36 GMT - Egypt - Economy - SN:83 - ID:10744648

    CAIRO, June 11 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Tuesday's trading session backed by the robust activity of real estate companies' shares, notably the stocks of Talaat Moustafa Group Holding and Palm ....

  • WB expects Egypt's economy to grow by 4.2% in FY 2024/25

    Date: 2024-06-11 19:36:16 GMT - USA - Economy - SN:82 - ID:10744611

    WASHINGTON, June 11 (MENA) - The World Bank (WB) expects Egypt's economic growth to reach 4.2 percent in the FY 2024-2025, propelled by investment growth partly spurred by a large-scale deal with the United Arab Emirates. In its global economic ....

  • GASC buys 460,000 tons of Bulgarian, Romanian, Ukrainian wheat

    Date: 2024-06-11 19:08:56 GMT - Egypt - Economy - SN:79 - ID:10744723

    CAIRO, June 11 (MENA) - The General Authority for Supply Commodities (GASC) has signed contracts to purchase 460,000 tons of Bulgarian, Romanian and Ukrainian wheat through an international tender. In a statement released on Tuesday, the ....

  • CAPMAS: Egyptian-Jordanian trade exchange hits dlrs864m in 2023

    Date: 2024-06-11 14:29:43 GMT - Egypt - Economy - SN:55 - ID:10744189

    CAIRO, June 11 (MENA) – The volume of trade exchange between Egypt and Jordan reached dlrs864 million in 2023 against dlrs990 million in 2022. In a statement on Tuesday, the Central Agency for Public Mobilization and Statistics (CAPMAS) said that ....

  • NDB: Egypt joining NDB enhances prospects of cooperation with developing countries

    Date: 2024-06-11 13:46:07 GMT - Egypt - Economy - SN:44 - ID:10743953

    CAIRO, June 11 (MENA) - President of the New Development Bank President (NDB) Dilma Rousseff said having Egypt joined the bank enhances the NDP's main aspects of the Bank's planning concept meant to focus on promoting cooperation with developing ....

  • EFG Hermes Beyout Investment Group’s deal completes on Kuwait Stock Exchange for USD 147M

    Date: 2024-06-11 13:26:51 GMT - Egypt - Economy - SN:42 - ID:10743947

    CAIRO, June 11 (MENA) – EFG Hermes completed advisory on Beyout Investment Group’s USD 147 Million Listing on Boursa Kuwait’s Premier Market. EFG Hermes was appointed as the Joint Global Coordinator and Joint Bookrunner for Beyout Investment ....

  • Maait: EGP 822bn surplus in state budget in 11 months

    Date: 2024-06-11 13:25:58 GMT - Egypt - Economy - SN:41 - ID:10744015

    CAIRO, June 11 (MENA) - Finance Minister Mohamed Maait said the primary surplus of the state budget from July 2023 to May 2024 stood at EGP 822 billion, representing 5.87 percent of the Gross Domestic Product (GDP) instead of 1.15 percent in the ....

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