ar
en
fr
Economy
- Service : English General
- Category : Economy
-
Hermes to MENA: Hike in foreign currency reserve supports Egyptian pound against US dollar
Date: 2020-07-08 14:04:24 GMT - Egypt - Economy - SN:26 - ID:8500421
CAIRO, July 8 (MENA) – The EFG Hermes Holding said the foreign exchange market in Egypt has been witnessing a noticeable improvement in the past few weeks after the country’s foreign currency reserve increased to reach USD 38.2 billion in June. In ....
-
EGX gains 1.3 billion pounds with indexes showing mixed performance
Date: 2020-07-08 13:43:25 GMT - Egypt - Economy - SN:25 - ID:8500563
CAIRO, July 8 (MENA) – The Egyptian Exchange (EGX) indexes showed mixed performance at the end of Wednesday's tradings amidst purchases by local and foreign investment funds and institutions which were met by selling operations by Arab ....
-
Sisi approves law on 2020/2021 budget
Date: 2020-07-08 13:29:55 GMT - Egypt - Economy - SN:23 - ID:8500406
CAIRO, July 8 (MENA) – President Abdel Fattah El Sisi ratified on Wednesday law no. 85 of 2020 on the state budget of fiscal year 2020/2021. Article I of the law, which has been published in the official gazette, said the new budget exceeds two ....
-
EgyptAir offers discounts on flight tickets to Dubai, Abu Dhabi, Sharjah
Date: 2020-07-08 11:52:54 GMT - Egypt - Economy - SN:17 - ID:8500130
CAIRO, July 8 (MENA) - EgyptAir announced on Wednesday discounts on flight tickets to Dubai, Abu Dhabi and Sharjah. A statement issued by the national carrier said a discount ranging between 20-25 percent will be applied on its flights to and ....
-
Third army commander receives Arab businesspersons delegation
Date: 2020-07-08 09:33:00 GMT - Egypt - Economy - SN:13 - ID:8500082
CAIRO, July 8 (MENA) – The commander of the Third Field Army received on Wednesday a delegation of Arab businesspersons, including women, and representatives of Non-Governmental Organizations (NGOs). The meeting came within the framework of the ....
-
Investment costs of largest oil refining project in Upper Egypt estimated at $2.8 bln : Oil min.
Date: 2020-07-08 09:24:23 GMT - Egypt - Economy - SN:12 - ID:8499969
CAIRO, July 8 (MENA) - Petroleum and Mineral Resources Minister Tarek el Mulla asserted that the project of a mazut hydrocracking complex in Assiut is the largest oil refining project to be implemented in Upper Egypt, with investments totaling $2.8 ....
-
Global (1):Nespresso Invests CHF 160 Million in the Expansion of Its Romont Production Center in Switzerland to Meet Growing Consumer Demand Worldwide
Date: 2020-07-08 06:24:38 GMT - Switzerland - Economy - SN:3 - ID:8499891
300 new jobs created over the next 10 years in a world class 'sustainable by design' production center LAUSANNE, Switzerland, July 8, 2020 /PRNewswire/ -- Today, Nespresso announced a CHF 160 million investment to expand its Romont production ....
-
IMF official: Egypt's economic reforms contributed to countering COVID-19 impacts
Date: 2020-07-07 23:08:44 GMT - Egypt - Economy - SN:78 - ID:8499799
CAIRO, July 7 (MENA) - International Monetary Fund (IMF) Mission Chief for Egypt Uma Ramakrishnan said that the country's economic reform program has positively contributed to countering the impacts of the novel coronavirus (COVID-19). In a ....
-
Bankers: Foreign reserves increase reflects strength of Egypt's economy
Date: 2020-07-07 21:27:23 GMT - Egypt - Economy - SN:71 - ID:8499627
CAIRO, July 7 (MENA) - Bankers and investment banks see that the Central Bank of Egypt (CBE) announcement about the increase of the country's foreign reserves by USD 2.2 billion in June to reach USD 38.2 billion reflects the strength of the national ....
-
Egypt able to overcome Covid-19 repercussions: FRA chief
Date: 2020-07-07 20:57:25 GMT - Egypt - Economy - SN:70 - ID:8499652
ALEXANDRIA, Egypt, July 7 (MENA) – Egypt is one of the most attractive countries for foreign investments in Africa, Chairman of the Financial Regulatory Authority (FRA) Mohammed Omran affirmed on Tuesday. He made his remarks during a lecture ....
