Economy

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  • Category : Economy
  • Gulf of Suez wind farm to boost long-term energy security: Electricity min.

    Date: 2024-05-28 18:25:40 GMT - Egypt - Economy - SN:75 - ID:10724950

    GULF OF SUEZ, Egypt, May 28 (MENA) - The Gulf of Suez wind power project is a significant step towards attaining Egypt's ambitious energy goals, Minister of Electricity and Renewable Renewable Energy Mohamed Shaker said. The project is also ....

  • PM directs to refer irregularities spotted by ECA at commodity markets to public prosecution

    Date: 2024-05-28 15:59:26 GMT - Egypt - Economy - SN:69 - ID:10724804

    CAIRO, May 28 (MENA) - Prime Minister Mostafa Madbouli issued directives to refer the irregularities spotted by the Egyptian Competition Authority (ECA) at commodity markets to the public prosecution for taking the necessary legal procedures. He ....

  • Decline in bourse indexes at close of Tuesday's transactions

    Date: 2024-05-28 12:08:28 GMT - Egypt - Economy - SN:51 - ID:10724461

    CAIRO, May 28 (MENA) - Egyptian Exchange (EGX) indices went down collectively at the close of Tuesday's trading, amid sales operations by investors. The market capital closed at EGP 1.833 trillion after transactions totaled approximately EGP 2.9 ....

  • $13.9 bln volume of trade exchange between Egypt, China in 2023: CAPMAS

    Date: 2024-05-28 10:57:32 GMT - Egypt - Economy - SN:40 - ID:10724214

    CAIRO, May 28 (MENA) – The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the volume of trade exchange between Egypt and China reached $13.9 billion in 2023 in comparison with $16.6 billion in 2022. In a statement on ....

  • Transport, petroleum ministers probe projects of shared interest

    Date: 2024-05-28 10:56:28 GMT - Egypt - Economy - SN:39 - ID:10724023

    CAIRO, May 28 (MENA) - Minister of Transport Kamel el Wazir discussed with Minister of Petroleum and Mineral Resources Tarek el Molla the progress achieved in key projects of shared interest, within the framework of continued coordination between ....

  • SCEZONE inks usufruct contract with Turkish company worth $40 mln

    Date: 2024-05-28 09:03:38 GMT - Egypt - Economy - SN:23 - ID:10723925

    CAIRO, May 28 (MENA) – The Suez Canal Economic Zone (SCEZONE) announced on Tuesday inking a land usufruct contract of 65,000-square-meter area with the Turkish company of Eroglu Egypt for ready-made clothes at investments worth $40 million . The ....

  • Electricity Ministry to open 252 MW Gulf of Suez wind power plant

    Date: 2024-05-28 08:37:56 GMT - Egypt - Economy - SN:22 - ID:10723787

    CAIOR, May 28 (MENA) - Minister of Electricity and Renewable Energy Mohamed Shaker will attend on Tuesday the inauguration of the 252 MW Gulf of Suez wind power plant project in in Red Sea governorate, under the auspices of Prime Minister Moustafa ....

  • Dollar exchange rate stable in beginning of Tuesday's transactions

    Date: 2024-05-28 07:59:33 GMT - Egypt - Economy - SN:16 - ID:10723827

    CAIRO, May 28 (MENA) - The dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB), the dollar rate registered EGP ....

  • 13,000 tons of goods handled at Red Sea Ports

    Date: 2024-05-28 07:26:49 GMT - Egypt - Economy - SN:12 - ID:10723879

    HURGHADA, Egypt, May 28 (MENA) - About 41,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said the imports included 1,000 tons of goods, 263 trucks and ....

  • PM inspects RUBX plastic, acrylic factories in Alexandria

    Date: 2024-05-27 19:46:08 GMT - Egypt - Economy - SN:77 - ID:10723524

    ALEXANDRIA, May 27 (MENA) - Prime Minister Mostafa Madbouli applauded the high quality and variety of the products made by Rubex International for Plastic and Acrylic Manufacturing (RUBX), affirming the government's support to the company's plans to ....

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