Economy

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  • Category : Economy
  • Accelerating industrial complex in Indian-Egyptian partnership to produce phosphate: min.

    Date: 2024-04-21 16:09:47 GMT - Egypt - Economy - SN:45 - ID:10671412

    CAIRO, April 21 (MENA) - Minister of Public Business Sector Mahmoud Esmat said Sunday he received a report on developments of a project to establish an industrial complex to upgrade phosphate and produce ready-made phosphate fertilizers, in ....

  • EGX indexes post collective gains at close of Sunday trading

    Date: 2024-04-21 14:18:04 GMT - Egypt - Economy - SN:39 - ID:10671335

    CAIRO, April 21 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the end of Sunday's trading session backed by purchases by Arab investment funds and Egyptian and foreign investors. The market capital gained nearly EGP 19 ....

  • PM confers with MAC officials to discuss deepening local automotive industry

    Date: 2024-04-21 14:15:11 GMT - Egypt - Economy - SN:37 - ID:10671249

    CAIRO, April 21 (MENA) - Prime Minister Mostafa Madbouli expressed his hope that Al-Mansour Automotive Company would play a key role in implementing the Egyptian state's National Automotive Industry Strategy, which aims to deepen the local ....

  • Petroleum Ministry: "Methanex" production surpasses 1mn tons of methanol annually

    Date: 2024-04-21 13:03:22 GMT - Egypt - Economy - SN:35 - ID:10671149

    CAIRO, April 21 (MENA) - Minister of Petroleum and Mineral Resources Tarek El Molla Sunday said that the annual methanol production of the Egyptian methanol production company “Methanex Egypt” records 1.3 million tons. Molla added that Ministry ....

  • Dollar exchange rate up at start of Sunday's transactions

    Date: 2024-04-21 12:20:45 GMT - Egypt - Economy - SN:33 - ID:10671153

    CAIRO, April 21 (MENA) - The dollar exchange rate went up between 4 to 5 piasters at the start of Sunday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 48.32 for buying ....

  • Dollar exchange rate stable at beginning of Sunday's transactions

    Date: 2024-04-21 10:23:23 GMT - Egypt - Economy - SN:15 - ID:10670831

    CAIRO, April 21 (MENA) - The dollar exchange rate was stable at the start of Sunday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 48.28 for buying and EGP 48.38 for ....

  • Finance min. urges Slovenian business community to benefit from Egypt's unprecedented investment incentives

    Date: 2024-04-20 18:59:52 GMT - Egypt - Economy - SN:56 - ID:10669995

    WASHINGTON/ CAIRO, April 20 (MENA) - Minister of Finance Mohamed Maait on Saturday urged representatives of the business and industrial community in Slovenia to make use of Egypt's unprecedented investment incentives. During a meeting with ....

  • Egypt records 36% decrease in cooking oil prices - Minister

    Date: 2024-04-20 18:57:13 GMT - Egypt - Economy - SN:55 - ID:10670307

    CAIRO, April 20 (MENA) - Minister of Supply and Internal Trade Ali El-Moselhi announced Saturday a 14% decrease in cooking oil prices, bringing the total reduction to 36% since a series of meetings chaired by the Prime Minister Mostafa Madbouli ....

  • Cargo vessel carrying 63,000 tons of Russian wheat heads to Egypt

    Date: 2024-04-20 17:57:52 GMT - Egypt - Economy - SN:50 - ID:10670301

    CAIRO, April 20 (MENA) - The Ministry of Agriculture and Land Reclamation said Saturday its quarantine department succeeded in facilitating the departure of a ship carrying 63,000 tons of wheat that had been stranded in Russia's Port of Novorossiysk ....

  • Economic situation improves after adopting integrated reform package: Finance min.

    Date: 2024-04-20 17:13:46 GMT - Egypt - Economy - SN:47 - ID:10669877

    CAIRO, April 20 (MENA) - Minister of Finance Mohamed Maait said the economic situation in Egypt began to improve after adopting an integrated package of reforms. Jumping over 8.5 folds, Egypt registered an initial budget surplus of EGP416 billion ....

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