Economy

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  • Category : Economy
  • Bourse gains EGP 55.6 bn in 3 months; all indexes up

    Date: 2020-06-30 20:41:56 GMT - Egypt - Economy - SN:64 - ID:8490521

    CAIRO, June 30 (MENA) - The Egyptian Exchange (EGX) posted gains worth EGP 55.6 billion during the second quarter of 2020 (April-June), where the market capital registered EGP 590 billion, against EGP 534.4 billion in the previous quarter, marking ....

  • Bourse sees gains worth EGP 41.3 bn in June

    Date: 2020-06-30 20:07:20 GMT - Egypt - Economy - SN:61 - ID:8490481

    CAIRO, June 30 (MENA) - The Egyptian Exchange saw gains hitting EGP 41.3 billion during June, according to the bourse’s monthly report. The market capital reached EGP 590 billion, compared to EGP 548.7 billion during the previous month, recording ....

  • EgyptAir to resume flights to 29 cities worldwide as of tomorrow

    Date: 2020-06-30 18:54:23 GMT - Egypt - Economy - SN:55 - ID:8490330

    CAIRO, June 30 (MENA) - Egypt's flag carrier, EgyptAir, will resume international flights on Wednesday after a more than 3-month hiatus over the coronavirus pandemic. The disruption has led airlines around the world to suffer a combined net loss ....

  • EU grants Egypt EUR 24.8 million in support of green finance

    Date: 2020-06-30 17:37:29 GMT - Egypt - Economy - SN:52 - ID:8490292

    CAIRO, June 30 (MENA) - The European Union (EU) has decided to grant Egypt EUR 24.8 million to enhance the European Bank for Reconstruction and Development (EBRD)'s Green Energy Financing Facility (GEFF). The new grant focuses on supporting ....

  • Egypt's exports of ceramic, sanitary ware hit $88 mln in 5 months

    Date: 2020-06-30 15:54:58 GMT - Egypt - Economy - SN:42 - ID:8490137

    CAIRO, June 30 (MENA) - Egypt’s exports of ceramic and sanitary ware decreased 29% in the first five months 2020 to $88 million compared to $124 million in the same period of 2019, according to a monthly Export Council for Building Materials ....

  • Bourse gains EGP 4.4 bln, all indexes up

    Date: 2020-06-30 14:26:46 GMT - Egypt - Economy - SN:36 - ID:8489935

    CAIRO, June 30 (MENA) - The Egyptian Exchange (EGX) indexes posted gains during Tuesday trading, reflected positively on purchase by local institutions. The market capital gained EGP 4.4 billion to reach EGP 589.9 billion. The EGX 30 benchmark ....

  • Egypt to launch 2020-21 FY general budget Wednesday

    Date: 2020-06-30 13:43:10 GMT - Egypt - Economy - SN:35 - ID:8489674

    CAIRO, June 30 (MENA) - The Finance Ministry will launch the biggest general budget for the fiscal year 2020/2021 on Wednesday, estimated at EGP 2.2 trillion, including EGP 1.7 trillion expenses. The new budget witnessed an increase estimated ....

  • New transport entity formed after merging of 3 companies- minister

    Date: 2020-06-30 11:25:56 GMT - Egypt - Economy - SN:25 - ID:8489604

    CAIRO, June 30 (MENA) - Minister of Public Business Sector Hisham Tawfik said putting into force law 203/1991, which was approved by the House of Representatives, would enable companies affiliated to the Ministry of Transport to work properly and ....

  • Services to be mechanized to facilitate procedures for investors: Trade min.

    Date: 2020-06-30 10:02:43 GMT - Egypt - Economy - SN:18 - ID:8489474

    CAIRO, June 30 (MENA) - Minister of Trade and industry Nevine Gamea' said that her ministry is about to mechanize the system of services in a number of bodies in order to facilitate procedures for investors to get distinguished service within a set ....

  • MP: Projects launched by president Sisi are life belt for economy

    Date: 2020-06-30 08:29:10 GMT - Egypt - Economy - SN:11 - ID:8489372

    CAIRO, June 30 (MENA) - A member of the Egyptian parliament on Tuesday said that projects carried out since President Abdel Fattah Sisi took over power six years ago have been the life belt for the Egyptian economy. In statements to MENA, MP Hala ....

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