Economy

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  • IFC says to invest $150 million in four projects to support economic development in Egypt, across Africa

    Date: 2024-05-14 16:10:26 GMT - Egypt - Economy - SN:48 - ID:10705138

    CAIRO, May 14 (MENA) - The International Finance Corporation (IFC) has announced a $150 million commitment to four investment and advisory projects that will support economic development in Egypt and other parts of Africa in key sectors including ....

  • All EGX indices down, benchmark falls 0.16 pct

    Date: 2024-05-14 12:59:29 GMT - Egypt - Economy - SN:37 - ID:10704900

    CAIRO, May 14 (MENA) - Egyptian Exchange (EGX) indices went down collectively at the close of Tuesday's trading, amid sales by local and Arab investors, institutions and investment funds. Meanwhile, purchases prevailed in transactions of foreign ....

  • Int'l cooperation min. named vice-chair of EBRD annual meetings

    Date: 2024-05-14 11:25:03 GMT - Egypt - Economy - SN:28 - ID:10704436

    YEREVAN, May 14 (MENA) - Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD) Rania al Mashat, has been chosen for the first time ever as vice-chair of the EBRD meetings in the ....

  • IDSC: Egypt is magnet for global household appliances market

    Date: 2024-05-14 11:17:57 GMT - Egypt - Economy - SN:26 - ID:10704440

    CAIRO, May 14 (MENA) - The Information and Decision Support Center (IDCS) of the Egyptian cabinet has affirmed that the global household appliances market reached approximately $708.2 billion in 2023, and is expected to reach $742.6 billion in 2024 ....

  • Global (1): Infosys Collaborates with First Abu Dhabi Bank to Optimize and Modernize its IT Infrastructure Services

    Date: 2024-05-14 10:38:48 GMT - India - Economy - SN:22 - ID:10704769

    Dear subscribers, the following is a global bulletin published for PRNewswire:‎ =============================================================== Leveraging Infosys Cobalt to deliver industry-leading infrastructure-managed services BENGALURU, ....

  • 11,000 tons of goods handled at Red Sea Ports

    Date: 2024-05-14 08:41:09 GMT - Egypt - Economy - SN:15 - ID:10704439

    HURGHADA, Egypt, May 14 (MENA) - About 11,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said the imports included 3,000 tons of goods, 283 trucks and ....

  • Dollar exchange rate stable at start of Tuesday's transactions

    Date: 2024-05-14 07:43:02 GMT - Egypt - Economy - SN:13 - ID:10704301

    CAIRO, May 14 (MENA) - The dollar exchange rate was stable at the start of Tuesday'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 EGP ....

  • 'Future of Egypt' tirelessly works towards achieving self-sufficiency - Official 6 last Cairo

    Date: 2024-05-13 21:15:37 GMT - Egypt - Economy - SN:73 - ID:10703878

    The authority works on developing ''Tut Amun Village'' in Aswan, Ghannam said. Regarding the manpower, Ghannam referred to President Sisi's directives to increase manpower and hone their skills in order to contribute to enhancing the economic ....

  • 'Future of Egypt' tirelessly works towards achieving self-sufficiency - Official 5 Cairo

    Date: 2024-05-13 21:15:04 GMT - Egypt - Economy - SN:72 - ID:10703875

    President Sisi gave directives to the authority to manage the agricultural industrialization in the factories of Qaha and Edfina in Sadat city in Menoufia governorate, he said. The two factories will be finalized within 16 months, with a huge ....

  • 'Future of Egypt' tirelessly works towards achieving self-sufficiency - Official 4 Cairo

    Date: 2024-05-13 21:14:37 GMT - Egypt - Economy - SN:71 - ID:10703876

    Through cooperation with the private sector, the authority managed to attain revenues worth dlrs 4.2 billion dollars over the past six years, Ghannam said. The authority has exports worth dlrs 9 billion, including dlrs 5.4 billion related only ....

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