Economy

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  • Category : Economy
  • CBE: Annual inflation rate declines to 10% in February 2025

    Date: 2025-03-10 17:30:23 GMT - Egypt - Economy - SN:48 - ID:11097813

    CAIRO, March 10 (MENA) - The Central Bank of Egypt (CBE) announced Monday a decline in the annual inflation rate, reaching 10% in February 2025, compared to 22.6% in January 2025. In a statement, the CBE explained that the monthly core consumer ....

  • OPEN// PM: Government prioritizes customs system development

    Date: 2025-03-10 17:26:15 GMT - Egypt - Economy - SN:47 - ID:11097651

    CAIRO, March 10 (MENA) - Prime Minister Mostafa Madbouli reaffirmed the government's commitment to developing the customs system as a crucial step toward boosting the competitiveness of national exports and improving the business climate. This ....

  • Green hydrogen projects part of strategy for transition to clean energy, says min.

    Date: 2025-03-10 15:33:20 GMT - Egypt - Economy - SN:42 - ID:11097584

    CAIRO, March 10 (MENA) - Minister of Investment and Foreign Trade Hassan El-Khatib said green hydrogen projects are an essential part of the State's strategy for transition to clean energy. Khatib's remarks came during his meeting on Monday with ....

  • Investment minister: State aims to lure more foreign direct investments

    Date: 2025-03-10 14:53:05 GMT - Egypt - Economy - SN:36 - ID:11097363

    CAIRO, March 10 (MENA) - Minister of Investment and Foreign Trade Hassan el Khatib asserted the state is aiming to attract more foreign direct investments while focusing on the improvement of the economic environment and easing measures to carry out ....

  • EDA chief: Egyptian pharmaceutical market is worth EGP 308 bln

    Date: 2025-03-10 12:59:08 GMT - Egypt - Economy - SN:25 - ID:11097432

    CAIRO, March 10 (MENA) - Chairman of the Egyptian Drug Authority (EDA) Ali el Ghamrawi said that the Egyptian pharmaceutical market is one of the largest in the region, with a value estimated at EGP 308 billion. The Egyptian market includes over ....

  • EGX shows mixed performance at close of Monday's trading

    Date: 2025-03-10 12:22:16 GMT - Egypt - Economy - SN:23 - ID:11097412

    CAIRO, March 10 (MENA) - Egyptian Exchange (EGX) indices showed mixed performance at the close of Monday's trading session, amid purchases by Arab and foreign institutions and investment funds and Arab investors, against sales by Egyptian ....

  • Industry min.: President Sisi supports industrial sector's workers

    Date: 2025-03-10 12:20:29 GMT - Egypt - Economy - SN:22 - ID:11097269

    CAIRO, March 10 (MENA) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir on Monday affirmed that President Abdel Fattah El Sisi trusts the ability of Egyptian workers to develop the vital and ....

  • CBE receives delegation from BCEAO

    Date: 2025-03-10 11:52:43 GMT - Egypt - Economy - SN:19 - ID:11097263

    CAIRO, March 10 (MENA) - The Central Bank of Egypt (CBE) received a delegation from the Central Bank of West African States (BCEAO) to share Egypt's experience in establishing its state-of-the-art Banknote Printing House in the New Administrative ....

  • 40 container, cargo ships handled at Damietta Port

    Date: 2025-03-10 11:32:02 GMT - Egypt - Economy - SN:16 - ID:11097358

    DAMIETTA, Egypt, March 10 (MENA) - As many as 40 container ships and cargo vessels were handled at Damietta port in the last 24 hours. In a statement released on Monday, the Damietta Port Authority said that the total volume of exported goods ....

  • Finance min.: Tax revenues up 38% during 1st half of current FY

    Date: 2025-03-10 11:24:53 GMT - Egypt - Economy - SN:15 - ID:11097253

    CAIRO, March 10 (MENA) - Minister of Finance Ahmed Kouchouk said that the tax revenues increased 38% during the first half of the current Fiscal Year (FY), out of enhancing confidence, partnership and support for the business community. The ....

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