Economy

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  • Category : Economy
  • Contracting sector poised for significant growth: EFCBC member

    Date: 2020-07-19 15:14:03 GMT - Egypt - Economy - SN:53 - ID:8513563

    CAIRO, July 19 (MENA) - Member of Egyptian Federation for Construction and Building Contractors (EFCBC) Mahmoud Morsy expects that the contracting sector will see substantial growth in the period ahead thanks to the government’s package of ....

  • Finance Ministry auctions EGP 18 bln T-bills

    Date: 2020-07-19 14:39:35 GMT - Egypt - Economy - SN:49 - ID:8513736

    CAIRO, July 19 (MENA) - The Ministry of Finance auctioned treasury bills at a total value of EGP 18 billion. In a statement released Sunday, the ministry said it sold 91-day T-bills worth EGP 8 billion with an average yield of 13.298%, adding it ....

  • Cabinet highlights int'l institutions’ positive outlook for Egypt's economy

    Date: 2020-07-19 13:41:36 GMT - Egypt - Economy - SN:44 - ID:8513456

    CAIRO, July 19 (MENA) - The cabinet media center on Sunday published an infographic report on the Egypt's economic outlook according to international institutions. The report attributed the country's strong economic performance, in the face of a ....

  • CPA: Cell-phone operators to send messages to customers about services

    Date: 2020-07-19 13:01:54 GMT - Egypt - Economy - SN:40 - ID:8513556

    CAIRO, July 19 (MENA) – The Consumer Protection Agency in Egypt has agreed with the four cell-phone and internet operators in the country to send messages that clearly inform customers about subscribed services. The messages should make it ....

  • Egypt's food exports record $1.4 bln in 5 months

    Date: 2020-07-19 11:56:39 GMT - Egypt - Economy - SN:36 - ID:8513470

    CAIRO, July 19 (MENA) - Egypt's food exports fell 5 percent during January-May 2020, registering $1.4 billion, the Food Export Council (FEC) announced. In a statement released on Sunday, the FEC ascribed the decline in food exports to the global ....

  • CAPMAS: Egypt exports to int'l groupings up by 3.2% in 2019

    Date: 2020-07-19 10:51:22 GMT - Egypt - Economy - SN:25 - ID:8513431

    CAIRO, July 19 (MENA) - Egyptian exports to international groupings of which Egypt is a member hit $29.8 billion in 2019 against $28.9 billion in 2018, marking a 3.2 percent rise. In a bulletin on Sunday, the Central Agency for Public ....

  • Egypt, WB discuss project to manage air pollution in Greater Cairo

    Date: 2020-07-19 10:08:58 GMT - Egypt - Economy - SN:20 - ID:8513324

    CAIRO, July 19 (MENA) – Minister of Local Development Mahmoud Shaarawy attended Sunday a meeting with a World Bank delegation to discuss an outlined WB project to manage air pollution and climate change in Greater Cairo. The meeting, which was ....

  • Mashat: EIB approves € 1.9 billion for Egypt to support transport sector, small and medium enterprises

    Date: 2020-07-19 10:05:34 GMT - Egypt - Economy - SN:19 - ID:8513365

    CAIRO, July 19 (MENA) - The European Investment Bank (EIB) approved €1.9 billion to finance projects in Egypt as part of €16.6 billion of new financing dedicated for projects across Europe and around the world, said International Cooperation ....

  • No new tax levied on mobile lines - official

    Date: 2020-07-19 09:02:09 GMT - Egypt - Economy - SN:11 - ID:8513278

    CAIRO, July 19 (MENA) - Head of the Tax Authority Reda Abdel Kader said on Sunday that no new tax was imposed on subscribed mobile lines. However, he said the State's financial resources development fee, that was imposed in 1984, was increased ....

  • Ministry of Finance bans revenues collection out of e-system

    Date: 2020-07-19 08:50:27 GMT - Egypt - Economy - SN:10 - ID:8513236

    CAIRO, July 19 (MENA) - Ministry of Finance announced Sunday that all sate administrative bodies are banned from concluding any bilateral contracts or agreements with banks or companies on revenues collection away from the electronic revenues ....

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