Economy

  • Service : English General
  • Category : Economy
  • Bourse gains EGP 2 bln, all indexes up

    Date: 2021-05-10 12:21:18 GMT - Egypt - Economy - SN:41 - ID:8950947

    CAIRO, May 10 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday's trading session, backed by strong purchases by Arab investors. The market capital gained about EGP 2 billion to hit EGP 665.834 billion at ....

  • Global(1):China sets eyes on advanced chip production

    Date: 2021-05-10 09:26:51 GMT - China - Economy - SN:24 - ID:8950531

    Dear subscribers, following is a global bulletin published for PRNewswire: ============================================================ BEIJING, May 10, 2021 /PRNewswire/ -- A news report by China.org.cn on China sets eyes on advanced chip ....

  • CAPMAS: Annual inflation rate down to 4.4% in April

    Date: 2021-05-10 09:00:15 GMT - Egypt - Economy - SN:23 - ID:8950447

    CAIRO, May 10 (MENA) - The Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday revealed that the annual inflation rate went down to 4.4% in April compared with 5.9% in the same period in 2020. Egypt's monthly inflation rate ....

  • Global (1): Mother's Day: Xi Inspired by His Mother in Shaping Outlook on Life, Governance

    Date: 2021-05-09 23:06:36 GMT - China - Economy - SN:85 - ID:8950195

    Dear subscribers, following is a global bulletin published for PRNewswire: ============================================================ BEIJING, May 9, 2021 /PRNewswire/ -- For Chinese President Xi Jinping, "family is people's first ....

  • PM, US delegation laud strong cooperation between Cairo, Washington

    Date: 2021-05-09 19:31:54 GMT - Egypt - Economy - SN:78 - ID:8949967

    CAIRO, May 9 (MENA) – Prime Minister Mostafa Madbouli had a meeting with a delegation from Bechtel Corporation, an American engineering, procurement, construction and project management company. The Sunday meeting was attended by Housing ....

  • Accelerated growth projected during 2nd half of FY 2021/2022 -- IDSC

    Date: 2021-05-09 19:28:50 GMT - Egypt - Economy - SN:77 - ID:8949914

    CAIRO, May 9 (MENA) - The Cabinet's Information and Decision Support Center (IDSC) released Sunday an infographic showing Egypt's economic growth projections for the next three years. As per latest reports from The Economist last month, the ....

  • State works for building advanced digital society: ICT minister

    Date: 2021-05-09 18:42:14 GMT - Egypt - Economy - SN:74 - ID:8949903

    CAIRO, May 9 (MENA) - Egypt is working for building an advanced digital society by improving and upgrading the country's digital infrastructure and offering incentives to lure more investments in this sector, Minister of Communications and ....

  • Sisi orders boosting industrial investments in cooperation with private sector

    Date: 2021-05-09 16:02:39 GMT - Egypt - Economy - SN:63 - ID:8949691

    CAIRO, May 9 (MENA) – President Abdel Fattah El Sisi directed Sunday to bridge the gap between exports and imports and achieve the self-sufficiency of locally-produced products through booting the national industrial sector. Sisi’s remarks came ....

  • US dollar exchange rate stable at Egypt's banks

    Date: 2021-05-09 13:47:04 GMT - Egypt - Economy - SN:55 - ID:8949479

    CAIRO, May 9 (MENA) - The US dollar exchange rate was stable during Sunday's transactions at Egypt's major banks, recording EGP 15.60 for buying and EGP 15.73 for selling. The dollar registered its lowest exchange rate at the National Bank of ....

  • Mullah: Oil sector contribution to GDP reached 24 percent during FY 2019/2020

    Date: 2021-05-09 10:55:38 GMT - Egypt - Economy - SN:35 - ID:8949102

    CAIRO, May 9 (MENA) - Minister of Oil and Mineral Wealth Tarek El Mullah said the oil sector contributed with 24 percent to the Gross Domestic Product (GDP) during the fiscal year 2019/2020, noting that the total investments of the sector during the ....

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