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Economy
- Service : English General
- Category : Economy
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CBE: Remittances of expats hit dlrs 2.6bn in June 2024
Date: 2024-08-07 11:51:38 GMT - Egypt - Economy - SN:39 - ID:10819356
CAIRO, Aug 7 (MENA) - The Central Bank of Egypt (CBE) said on Wednesday that remittances of Egyptians abroad recorded an increase of some 2.6 billion dollars during June 2024 - up 65.5% in June 2023. In a statement, the CBE said expat remittances ....
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Investment, electricity ministers keen to lure more investments to energy sector
Date: 2024-08-07 11:46:46 GMT - Egypt - Economy - SN:38 - ID:10819351
CAIRO, Aug 7 (MENA) – Investment Minister Hassan el-Khateeb and Minister of Electricity Mahmoud Esmat said Wednesday they are keen on providing all kind of support for Egyptian and foreign companies alike. A statement by the Investment Ministry, ....
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Electricity Ministry seeks to enhance cooperation with EIB to upgrade distribution grids
Date: 2024-08-07 10:47:48 GMT - Egypt - Economy - SN:32 - ID:10819115
CAIRO, Aug 7 (MENA) – The Electricity and Renewable Energy Ministry will cooperate with the European Investment Bank (EIB) to implement a number of projects in the coming stage. The projects will mainly be to upgrade the distribution networks ....
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Localizing manufacturing of cellular towers: AOI
Date: 2024-08-07 08:18:12 GMT - Egypt - Economy - SN:20 - ID:10818883
CAIRO, Aug 7 (MENA) - Chairman of the Arab Organization for Industrialization (AOI) Mokhtar Abdel Latif asserted Wednesday keenness on localizing the technology of manufacturing cellular towers, pointing out to upgrading and developing production ....
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12,000 tons of goods handled at Red Sea Ports
Date: 2024-08-07 07:20:05 GMT - Egypt - Economy - SN:17 - ID:10818843
HURGHADA, Egypt, Aug 7 (MENA) - About 12,000 tons of goods were handled at the different Red Sea harbors on Wednesday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 5,000 tons of goods, 420 trucks and 63 ....
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Global (1): Rockefeller Foundation Green Power Gap: 8,700 Terawatt-Hours of Clean Energy Needed in 72 Countries, including 44 in Africa
Date: 2024-08-07 07:11:52 GMT - Kenya - Economy - SN:15 - ID:10818845
Dear subscribers, the following is a global bulletin published for PRNewswire: =================================================================== Estimates the renewable energy capacity that must be generated by 2050 for countries to meet ....
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Tax revenues up by EGP 343 billion in FY 2023/2024 - ETA chief
Date: 2024-08-06 20:59:47 GMT - Egypt - Economy - SN:76 - ID:10818586
CAIRO, Aug 6 (MENA) - Egypt’s tax revenues were up by EGP 343 billion, growing 30 per cent on an annual basis during FY 2023/2024, registering EGP 1.482 trillion, against EGP 1.139 trillion during the previous fiscal year, head of the Egyptian Tax ....
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Kouchouk: EGP 65 bln offered in export support since October 2019 to date
Date: 2024-08-06 20:51:43 GMT - Egypt - Economy - SN:75 - ID:10818589
CAIRO, Aug 6 (MENA) - Finance Minister Ahmed Kouchouk said export promotion support amounted to EGP 12.9 billion during the past fiscal year; bringing the total value of financial support offered from the State budget to more than 3,000 companies to ....
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State keen to encourage investment, support industry, exports – Min.
Date: 2024-08-06 20:35:29 GMT - Egypt - Economy - SN:73 - ID:10818531
CAIRO, Aug 6 (MENA) – Labor Minister Mohamed Gobran has stressed that the state is keen to encourage investment, support industry and exports and create a favorable business climate. The minister's remarks came on Tuesday during his tour of a ....
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New financial instruments to be launched for local market soon: Finance min.
Date: 2024-08-06 20:25:06 GMT - Egypt - Economy - SN:72 - ID:10818583
CAIRO, Aug 6 (MENA) - Finance Minister Ahmed Kouchouk said his ministry will work for launching new financial instruments for the local market over the period ahead. The ministry will also focus on facilitated finance from financing institutions, ....
