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Economy
- Service : English General
- Category : Economy
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CBE: Remittances of expats hit $2.7bn in May 2024
Date: 2024-07-08 10:11:54 GMT - Egypt - Economy - SN:24 - ID:10776015
CAIRO, July 8 (MENA) - The Central Bank of Egypt (CBE) said on Sunday that remittances of Egyptians working abroad recorded some 2.7 billion dollars during May 2024 - up 73.8% on May 2023. In a statement, the CBE said expat remittances in May ....
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Suez Canal head: Looking forward to boost coordination with Ismailia governorate
Date: 2024-07-07 18:57:27 GMT - Egypt - Economy - SN:58 - ID:10775265
ISMAILIA, Egypt, July 7 (MENA) – Head of the Suez Canal Authority Osama Rabie hoped to complete constructive cooperation with Ismailia Governorate and to open broader horizons for coordination in new fields to achieve public interest and current ....
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Egypt's construction industry predicted to expand 8% annually till 2029: Report
Date: 2024-07-07 16:42:30 GMT - Egypt - Economy - SN:50 - ID:10775271
CAIRO, July 7 (MENA) - Egypt's construction industry is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to a market intelligence report from Jones Lang LaSalle Incorporated (JLL). Egypt boasts the ....
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Sisi signs laws linking budgets of several state authorities for FY 2024/2025
Date: 2024-07-07 16:32:40 GMT - Egypt - Economy - SN:49 - ID:10775345
CAIRO, July 7 (MENA) - President Abdel Fattah El Sisi signed Sunday Law No. 89 of 2024, linking the budget of the Agricultural Authority for the 2024/2025 fiscal year, amounting to EGP 212.5 million. Sisi also signed Law No. 90 of 2024, linking ....
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Minister: Presidential directives to find out quick solutions for stabilizing power supply
Date: 2024-07-07 13:23:07 GMT - Egypt - Economy - SN:37 - ID:10775058
CAIRO, July 7 (MENA) - Minister of Electricity and Renewable Energy Mahmoud Esmat emphasized that President Abdel Fattah El-Sisi has directed officials to find quick and decisive solutions for stabilizing electricity supply for all uses according to ....
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Bourse posts collective gains at close of first session of week transactions
Date: 2024-07-07 12:31:05 GMT - Egypt - Economy - SN:32 - ID:10774997
CAIRO, July 7 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of the first session of this week's trading on Sunday, backed by purchases of Egyptian and foreign investment funds. The market capital gained about EGP ....
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Housing minister follows up implementation of projects to increase supply to New Cairo Water Station
Date: 2024-07-07 12:28:21 GMT - Egypt - Economy - SN:30 - ID:10774962
CAIRO, July 7 (MENA) - Minister of Housing Sherif El-Sherbini emphasized the necessity of adhering to the scheduled deadlines for implementing projects aimed at increasing the supply to the New Cairo Water Station and developing a comprehensive work ....
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CBE: Net int'l reserves reaches $46.3bn end of June
Date: 2024-07-07 11:19:12 GMT - Egypt - Economy - SN:26 - ID:10774822
CAIRO, July 7 (MENA) - The net international reserves reached 46.3 billion dollars by the end of June 2024, rising some 258 million on May of the same year, the Central Bank of Egypt (CBE) said Sunday. International reserves are considered an ....
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PM underscores imp. role of Investment Ministry in current stage
Date: 2024-07-07 10:38:33 GMT - Egypt - Economy - SN:20 - ID:10774761
CAIRO, July 7 (MENA) – Prime Minister Moustafa Madbouli has stressed the importance of the role played by the Investment and Foreign Trade Ministry in attracting more foreign direct investments (FDIs) and encouraging the private sector in order to ....
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Dollar exchange rate stable at start of week's transactions
Date: 2024-07-07 10:09:29 GMT - Egypt - Economy - SN:17 - ID:10774644
CAIRO, July 7 (MENA) - The dollar exchange rate was stable on Sunday at the start of this week's transactions at Egypt's major banks. At the National Bank of Egypt, Banque Misr, Arab African International Bank, United Bank of Egypt, Egyptian ....
