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Economy
- Service : English General
- Category : Economy
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Gold prices inch higher on US rate-cut bets
Date: 2024-05-07 06:54:49 GMT - USA - Economy - SN:7 - ID:10693954
WASHINGTON, May 7 (MENA) - Gold prices edged higher on Tuesday, steered by bets that the US Federal Reserve would cut interest rates later this year, CNBC reported. Spot gold was up 0.1% at $2,324.75 per ounce, as of 0148 GMT after rising more ....
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National Dialogue's rapporteur: Fitch Ratings give assurance message for investment in Egypt
Date: 2024-05-06 12:06:41 GMT - Egypt - Economy - SN:31 - ID:10692987
CAIRO, May 6 (MENA) - Rapporteur of the Investment Committee at the National Dialogue Samir Sabri said Fitch Ratings on Egypt indicate the Egyptian economy is going on the right track. The ratings are sending an assurance message to all ....
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Supply Ministry: 1.8mn tons of local wheat supplied by farmers
Date: 2024-05-05 13:16:25 GMT - Egypt - Economy - SN:40 - ID:10691945
CAIRO, May 5 (MENA) – About 1.8 million tons of local wheat have been imported from farmers since April 13, said the Supply Ministry in a statement Sunday. Storage of wheat continues during Sham el Nessim holiday, said Supply Minister Aly ....
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Half of State budget funds allocated to social protection, human development - Maait
Date: 2024-05-05 09:22:32 GMT - Egypt - Economy - SN:18 - ID:10691646
CAIRO, May 5 (MENA) - Finance Minister Mohamed Maait said on Sunday more than half of 2024/2025 State budget funds are allocated to social protection and human development in the health and educational domains in implementation of directives of ....
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Egypt's unemployment inches down to 7% in 2024: Labour Ministry
Date: 2024-05-05 08:08:03 GMT - Egypt - Economy - SN:13 - ID:10691557
CAIRO, May 5 (MENA) - The unemployment rate in Egypt edged down to 7 percent in 2024, compared to 13 percent in 2014, said an official with the Labor Ministry. In a phone interview with on the "Sabah Al-Balad" program aired on Sada el Balad ....
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Fitch's revised outlook reflects confidence in Egyptian economy: economists
Date: 2024-05-04 19:21:16 GMT - Egypt - Economy - SN:73 - ID:10691198
CAIRO, May 4 (MENA) - Fitch’s revised outlook of the Egyptian economy has given the economists a positive trend to express their views about the progress achieved in the Egyptian economy. The Egyptian government plans to further develop the ....
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Azolla alternative feeding planted in New Valley: official
Date: 2024-05-04 16:58:56 GMT - Egypt - Economy - SN:63 - ID:10691105
AL KHARHA, Egypt, May 4 (MENA) – Undersecretary of the Ministry of Agriculture in the New Valley Governorate Magd el Mursi said Saturday Azolla would be planted in the governorate at a regional agricultural research station in the ....
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36 container ships, cargo vessels handled at Damietta Port in 24 hours
Date: 2024-05-04 16:36:24 GMT - Egypt - Economy - SN:57 - ID:10691168
DAMIETTA, Egypt, May 4 (MENA) - As many as 36 container ships and cargo vessels were handled at the Damietta Port in the past 24 hours. In a statement released on Saturday, the Damietta Port Authority's media center said the total trade volume of ....
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Fitch's Egypt future outlook enhances flow of foreign investment - Economists
Date: 2024-05-04 15:18:48 GMT - Egypt - Economy - SN:47 - ID:10690929
CAIRO, May 4 (MENA) - Fitch Ratings' decision to upgrade Egypt's credit rating outlook from stable to positive is a vote of confidence in the country's economy, economists told MENA Saturday. This move is expected to increase the inflow of ....
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Finance min.: Egyptian economy restoring trust of int'l rating agencies with positive outlook
Date: 2024-05-04 10:39:13 GMT - Egypt - Economy - SN:27 - ID:10690488
CAIRO, May 4 (MENA) - Minister of Finance Mohamed Maait on Saturday said that the Egyptian economy is gradually restoring the trust of international rating agencies with more stimulating outlook toward further financial stability, after adopting ....
