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Economy
- Service : English General
- Category : Economy
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PM: Gov't looking forward to major breakthrough in local auto industry
Date: 2024-05-29 18:18:28 GMT - Egypt - Economy - SN:60 - ID:10726491
CAIRO, May 29 (MENA) – The State has made great strides in automotive industry development by rolling out many incentives for automobile assembly and production companies, Prime Minister Mostafa Madbouli said. Madbouli made the remarks while ....
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Tools for reducing cost of credit, export risks enhance efforts to empower private sector in Africa: Mashat
Date: 2024-05-29 18:17:23 GMT - Egypt - Economy - SN:59 - ID:10726524
NAIROBI, May 29 (MENA) – Minister of International Cooperation Rania el-Mashat said Wednesday tools for reducing cost of credit and export risks by the African Development Bank Group (AfDB) are important. This came during the activities of the ....
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Egypt targets setting up large area for manufacturing green hydrogen: official
Date: 2024-05-29 16:28:09 GMT - Egypt - Economy - SN:53 - ID:10726349
CAIRO, May 29 (MENA) - CEO of the Sovereign Fund of Egypt Ayman Soliman said Egypt aims to set up a large area for manufacturing green hydrogen in line with its strategic vision. Egypt has all the necessary elements for achieving great success in ....
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Madbouli: State still subsidizes each loaf of bread with 105 piasters
Date: 2024-05-29 16:01:48 GMT - Egypt - Economy - SN:52 - ID:10726293
THE ADMINISTRATIVE CAPITAL, May 29 (MENA) - Prime Minister Mostafa Madbouli said Wednesday the cost of a loaf of bread is 125 piasters, whereas it is sold for only 5 piasters, and therefore the state bears 120 piasters for each loaf, that means ....
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Banque Misr issues 6, 9 month deposits at 21%, 22% interest rates
Date: 2024-05-29 15:49:37 GMT - Egypt - Economy - SN:49 - ID:10726345
CAIRO, May 29 (MENA) - Banque Misr has issued a new savings product called "flex" deposits with various maturity periods. The six-month flex deposit will secure 22 percent annual interest rate, with the return paid at the end of the deposit ....
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Decline in bourse indexes at close of Wednesday's transactions
Date: 2024-05-29 13:03:26 GMT - Egypt - Economy - SN:37 - ID:10726083
CAIRO, May 29 (MENA) - Egyptian Exchange (EGX) indices went down collectively at the close of Wednesday's trading, amid sales operations by investors. The market capital closed at EGP 1.829 trillion after transactions totaled approximately EGP 4 ....
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Dollar exchange rate stable in beginning of Wednesday's transactions
Date: 2024-05-29 07:34:56 GMT - Egypt - Economy - SN:12 - ID:10725411
CAIRO, May 29 (MENA) - The dollar exchange rate was stable at the start of Wednesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB), the dollar rate registered ....
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No increase in taxes on income: Finance min.
Date: 2024-05-28 19:53:47 GMT - Egypt - Economy - SN:85 - ID:10725122
CAIRO, May 28 (MENA) - Finance Minister Mohamed Maait affirmed that there will be no increase in taxes on income, including taxes on commercial and industrial profits. The minister stressed that a complaint will be submitted to the Public ....
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PM chairs 1st meeting of supreme committee for economic entities
Date: 2024-05-28 18:47:18 GMT - Egypt - Economy - SN:79 - ID:10724935
CAIRO, May 28 (MENA) - Prime Minister Mostafa Madbouli on Tuesday chaired the first meeting of the supreme committee for economic entities at the cabinet's premises in the New Administrative Capital (NAC). During the meeting, the premier ....
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Gulf of Suez wind farm to boost long-term energy security: Electricity min.
Date: 2024-05-28 18:25:40 GMT - Egypt - Economy - SN:75 - ID:10724950
GULF OF SUEZ, Egypt, May 28 (MENA) - The Gulf of Suez wind power project is a significant step towards attaining Egypt's ambitious energy goals, Minister of Electricity and Renewable Renewable Energy Mohamed Shaker said. The project is also ....
