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Economy
- Service : English General
- Category : Economy
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OPEN// Egypt’s foreign reserves reach historic record of over $48 billion in April 2025
Date: 2025-05-06 12:22:11 GMT - Egypt - Economy - SN:38 - ID:11167216
CAIRO, May 6 (MENA) - The Central Bank of Egypt announced that the country’s net foreign currency reserves reached a new all-time high at the end of April 2025, surpassing the $48 billion mark for the first time in its history. In a statement, ....
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Petroleum min., Abu Dhabi Ports Group probe boosting cooperation
Date: 2025-05-06 10:20:56 GMT - Egypt - Economy - SN:24 - ID:11166632
CAIRO, May 6 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi on Tuesday discussed with Ahmad Al Mutawa, the Regional CEO of Abu Dhabi Ports Group (AD Ports Group), and his accompanying delegation ways of enhancing cooperation. ....
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Electricity min, IFC delegation mull ways to back renewable energy projects
Date: 2025-05-06 10:06:50 GMT - Egypt - Economy - SN:22 - ID:11166752
CAIRO, May 6 (MENA) – Electricity Minister Mahmoud Esmat and delegation members of the International Finance Corporation (IFC) have discussed ways to support renewable energy projects. The Electricity Ministry said in a statement on Tuesday that ....
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15,000 tons of goods handled at Red Sea ports
Date: 2025-05-06 07:22:12 GMT - Egypt - Economy - SN:10 - ID:11166587
DAMIETTA, Egypt, May 6 (MENA) - Some 15,000 tons of goods were handled at Red Sea ports in the past 24 hours. In a statement released on Tuesday, the Red Sea Port Authority (RSPA) said that the total volume of exported goods from the port ....
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Minister Mashat says EBRD president’s visit to Egypt reflects strength of bilateral relations
Date: 2025-05-05 22:12:14 GMT - Egypt - Economy - SN:61 - ID:11166370
CAIRO, May 5 (MENA) - Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat emphasized the significance of the visit by President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso to ....
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OPEN// PM discusses preparations for holding Egypt-US investment forum late May
Date: 2025-05-05 18:18:42 GMT - Egypt - Economy - SN:48 - ID:11165992
CAIRO, May 5 (MENA) - Prime Minister Mostafa Madbouli presided Monday over a meeting of the Ministerial Economic Group to discuss preparations for Egypt’s hosting of the Egypt-US Investment and Economic Forum late May. A number of senior ....
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Petroleum ministry: All petroleum products are subject to rigorous periodic monitoring and inspection
Date: 2025-05-05 17:28:16 GMT - Egypt - Economy - SN:44 - ID:11166029
CAIRO, May 5 (MENA) - The Ministry of Petroleum and Mineral Resources Monday stressed that all locally marketed petroleum products, including gasoline, undergo rigorous, periodic monitoring throughout production and distribution to ensure compliance ....
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Electricity minister probes ongoing cooperation with Cyshield
Date: 2025-05-05 16:28:07 GMT - Egypt - Economy - SN:38 - ID:11165193
CAIRO, May 5 (MENA) - Minister of Electricity and Renewable Energy Mahmoud Esmat met on Monday with officials of Cyshield, led by Chief Executive Officer Ahmed Kassem to review the company's action plan within a protocol of cooperation and ....
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GIZ hosts digital transformation forum
Date: 2025-05-05 16:19:42 GMT - Egypt - Economy - SN:36 - ID:11165766
CAIRO, May 5 (MENA) - The German Agency for International Cooperation (GIZ) organized a forum on digital transformation on Monday to promote Industry 4.0 technologies in the manufacturing sector. The event was attended by senior government ....
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OPEN// EBRD president: We invested 1.5 bn euros in Egypt in 2024
Date: 2025-05-05 16:06:21 GMT - Egypt - Economy - SN:33 - ID:11165740
CAIRO, May 5 (MENA) - President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso stressed the depth of relations with Egypt as well as commitment to shoring up investments in the Egyptian market. She pointed out ....
