Economy

  • Service : English General
  • Category : Economy
  • Public business minister confers with Rosatom delegation on means of boosting investments, joint cooperation

    Date: 2024-08-09 10:58:26 GMT - Egypt - Economy - SN:25 - ID:10822054

    CAIRO, Aug 9 (MENA) - Minister of Public Business Sector Mohamed Shimi discussed Friday ways to enhance mutual cooperation during his meeting with Murad Aslanov, the head of the regional office of Russia's "Rosatom" company in Egypt, a leading ....

  • New gas well to start operation by mid-August - Ministry

    Date: 2024-08-08 20:21:17 GMT - Egypt - Economy - SN:61 - ID:10821663

    CAIRO, Aug 8 (MENA) - The Greek energy company Energean PLC is close to finishing the exploratory well NAQPII EAST after discovering two gas and oil-bearing layers. The Ministry of Petroleum and Mineral Resources announced on Thursday that the ....

  • PM: Presidential directives to continue efforts to further localize promising industries

    Date: 2024-08-08 14:35:15 GMT - Egypt - Economy - SN:33 - ID:10821105

    NEW ALAMEIN, Egypt, Aug 8 (MENA) - Prime Minister Mostafa Madbouli said President Abdel Fattah El Sisi issued directives for the government to continue its extensive efforts to strengthen the localization of promising industries in Egypt and the ....

  • Cabinet approves amendment to regulations governing licenses for heavy industries

    Date: 2024-08-08 13:55:16 GMT - Egypt - Economy - SN:31 - ID:10821197

    NEW ALAMEIN, Egypt, Aug 8 (MENA) - The cabinet, under Prime Minister Mostafa Madbouli, approved on Thursday a draft decision amending some provisions of Law no 47/2020 as regards regulations governing the issuance of licenses for heavy ....

  • Egypt's bourse shows mixed performance at close of Thursday's trading

    Date: 2024-08-08 13:01:04 GMT - Egypt - Economy - SN:29 - ID:10821027

    CAIRO, Aug 8 (MENA) - Egyptian Exchange (EGX) indices showed mixed performance at the close of Thursday's trading, backed by strong purchases by institutions and Egyptian and foreign investment funds along with Arab investors and foreigners, against ....

  • AOI opens new gas stove safety valves production line

    Date: 2024-08-08 12:20:08 GMT - Egypt - Economy - SN:25 - ID:10820938

    CAIRO, Aug 8 (MENA) - Chairman of the Arab Organization for Industrialization (AOI) Mokhtar Abdel Latif inaugurated on Thursday the production line of gas stove safety valves at the Arab-British Company for Dynamics Industries (ABD), which is ....

  • Egypt, IMF discuss mechanisms for developing National Accounts System

    Date: 2024-08-08 12:07:44 GMT - Egypt - Economy - SN:24 - ID:10820737

    CAIRO, Aug 8 (MENA) - Minister of Planning, Economic Development and International Cooperation Rania el Mashat on Thursday discussed in a virtual meeting with Elirjeta Pepaj, the regional advisor on national accounts and price statistics at the ....

  • EGP1.9b to support exporters under immediate cash payment initiative- Min.

    Date: 2024-08-08 09:35:39 GMT - Egypt - Economy - SN:14 - ID:10820589

    CAIRO, Aug 8 (MENA) – Finance Minister Ahmed Kouchouk said Thursday a new EGP1.9-billion tranche is set to be given for 560 exporting companies under the seventh phase of the immediate cash payment initiative meant to support exporters. The ....

  • Petroleum min., Vaalco Energy mull ways to increase production in Eastern, Western Desert

    Date: 2024-08-08 08:50:36 GMT - Egypt - Economy - SN:12 - ID:10820585

    CAIRO, Aug 8 (MENA) – Petroleum Minister Karim Badawy has discussed with the US VAALCO Energy corporation its plans and programs to increase oil and natural gas production in the Eastern and Western Desert. The minister on Thursday received a ....

  • CAPMAS: Monthly inflation rate down in July 2024

    Date: 2024-08-08 08:43:27 GMT - Egypt - Economy - SN:11 - ID:10820630

    CAIRO, Aug 8 (MENA) - The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the inflation rate recorded 0.5 percent at 226.7 points in July 2024, down from 1.8 in June 2024. In a press release on Thursday, CAPMAS referred ....

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