Economy

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  • Category : Economy
  • Egypt has promising opportunities for marketing oil products – Emarat official

    Date: 2024-11-22 11:36:02 GMT - Egypt - Economy - SN:17 - ID:10962211

    CAIRO, Nov 22 (MENA) – Officials of Emarat Co. have stressed that Egypt has promising opportunities in the field of marketing and distribution of fuel thanks to the government’s great efforts on urban development. Petroleum Minister Karim Badawy ....

  • Investment min.: We work to provide more competitive, attractive investment climate

    Date: 2024-11-21 17:30:28 GMT - Egypt - Economy - SN:54 - ID:10961676

    CAIRO, Nov 21 (MENA) - Minister of Investment and Foreign Trade Hassan el Khatib said his ministry works to provide a more competitive and attractive investment climate by introducing structural and legislative reforms, simplifying procedures and ....

  • CBE keeps key interest rates unchanged

    Date: 2024-11-21 17:18:22 GMT - Egypt - Economy - SN:51 - ID:10961753

    CAIRO, Nov 21 (MENA) - The Central Bank of Egypt’s Monetary Policy Committee (MPC) decided to keep the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 27.25 percent, 28.25 percent, and 27.75 ....

  • Egypt, Canada explore modernizing mining sector

    Date: 2024-11-21 17:12:12 GMT - Egypt - Economy - SN:50 - ID:10961594

    CAIRO, Nov 21 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with newly-appointed Canadian Ambassador in Cairo Ulric Shannon to discuss the latest developments in efforts to modernize Egypt’s mining sector, as well ....

  • EFIG, Dell Technologies sign MoU to launch AI cloud platform in Egypt

    Date: 2024-11-21 16:18:34 GMT - Egypt - Economy - SN:47 - ID:10961591

    CAIRO, Nov 21 (MENA) - eFinance Investment Group (EFIG) signed a memorandum of understanding (MoU) with Dell Technologies to launch an AI cloud platform in Egypt. The agreement was inked by EFIG Chairman Ibrahim Sarhan and Mohamed Amin, Senior ....

  • Dollar exchange rate up at Egypt's major banks

    Date: 2024-11-21 16:16:33 GMT - Egypt - Economy - SN:46 - ID:10961569

    CAIRO, Nov 21 (MENA) - The dollar exchange rate was up against the Egyptian pound at the close of trading at Egypt's major banks on Thursday. The dollar exchange rate registered EGP 49.84 for buying and EGP 49.94 for selling as the highest price ....

  • SCZone, Orascom sign land usufruct deal for EGP 13 billion

    Date: 2024-11-21 15:34:52 GMT - Egypt - Economy - SN:40 - ID:10961572

    CAIRO, Nov 21 (MENA) - The General Authority for the Suez Canal Economic Zone (SCZone) signed a land usufruct contract with Orascom Company to manage, develop and market an integrated industrial complex in Ain Sokhna industrial park with 12.87 ....

  • PM says govt keen on supporting ECEA's investments in Egypt

    Date: 2024-11-21 14:12:10 GMT - Egypt - Economy - SN:35 - ID:10961414

    NEW VALLEY, Nov 21 (MENA) - Prime Minister Mostafa Madbouli said the government is keen on supporting the investments of the Egyptian-Chinese Entrepreneurs Association (ECEA) in Egypt. Madbouli's remarks came during his meeting on Thursday with a ....

  • Egypt bourse indices up at close of week transactions

    Date: 2024-11-21 13:16:31 GMT - Egypt - Economy - SN:31 - ID:10961412

    CAIRO, Nov 21 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Thursday's trading sessions prompted by purchases by Arab and foreign investment funds and sellouts by local institutions and Arab investors. The ....

  • Health min., WBG discuss boosting cooperation in human development

    Date: 2024-11-21 13:09:22 GMT - Egypt - Economy - SN:30 - ID:10961162

    CAIRO, Nov 21 (MENA) - Minister of Health and Population Khaled Abdel Ghaffar on Thursday discussed in a meeting with a delegation of the World Bank Group (WBG), ways of fostering joint cooperation in human development, as part of the State's ....

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