Economy

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  • Category : Economy
  • EGP 5.2 bln exptected investments for tourism sector in FY2020/21 - min.

    Date: 2020-07-07 13:14:18 GMT - Egypt - Economy - SN:43 - ID:8498844

    CAIRO, July 7 (MENA) - Planning Minister Hala el Saeid said the tourism sector investments are expected to reach EGP 5.2 billion in fiscal 2020/21 compared to EGP 7.3 billion that was expected in FY2019/20, with a decline of 28.8%. Saied's ....

  • Trade, electricity ministers discuss mechanisms to activate local product preference law in gov't purchasing

    Date: 2020-07-07 12:27:18 GMT - Egypt - Economy - SN:38 - ID:8498813

    CAIRO, July 7 (MENA) - Trade Minister Neveen Gamea discussed on Tuesday with Electricity Minister Mohamed Shaker mechanisms to activate local product preference law in the government procurement, especially in procurement for projects implemented by ....

  • CBE: Foreign currency reserves up to dlrs 38.201 bln in June

    Date: 2020-07-07 10:31:03 GMT - Egypt - Economy - SN:29 - ID:8498878

    CAIRO, July 7 (MENA) - Foreign currency reserves upped by dlrs 2.198 billion, to reach dlrs 38.201 billion by the end of June, the Central Bank of Egypt (CBE) said in a statement on Tuesday. In May, the country's foreign reserves registered dlrs ....

  • FRA agrees to add new products to consumer financing system

    Date: 2020-07-07 09:52:48 GMT - Egypt - Economy - SN:22 - ID:8498679

    CAIRO, July 7 (MENA) – The Financial Regulatory Authority has agreed to include a number of new commodities and services in its consumer financing system to facilitate the purchase of those products. This should make life easier for consumers ....

  • Finance minister says 2020-2021 budget "flexible" to deal with coronavirus

    Date: 2020-07-07 09:24:04 GMT - Egypt - Economy - SN:17 - ID:8498636

    CAIRO, July 7 (MENA) – Finance Minister Mohamed Ma’eet said Tuesday that the 2020-2021 budget is “flexible” enough to positively deal with consequences of coronavirus. The government is ready to take all measures and make decisions needed to ....

  • global 1:Hikvision introduces dedicated series in its DeepinView camera line

    Date: 2020-07-07 06:41:47 GMT - China - Economy - SN:9 - ID:8498518

    Dear subscribers, following is a global bulletin published for PR newswire: ============================================================ Cameras in this Dedicated Subseries come equipped with multiple dedicated algorithms that can be selected ....

  • Dhaman: Egypt is 1st FDI destination in region, with investment costs worth dlrs 13.7 bn

    Date: 2020-07-07 06:09:43 GMT - Kuwait - Economy - SN:8 - ID:8498483

    KUWAIT CITY, July 7 (MENA) - The Arab Investment and Export Credit Guarantee Corporation (Dhaman) said that Egypt is the first destination for foreign direct investment (FDI) projects in the region, with investment costs amounting to 13.7 billion ....

  • Foreign investors make strong comeback with over $440 mln investments

    Date: 2020-07-06 19:08:14 GMT - Egypt - Economy - SN:56 - ID:8497994

    CAIRO, July 6 (MENA) - International investment funds and institutions pumped $440 million worth of investments into the Egyptian market on Monday, an official source told MENA. Foreign investors made a strong comeback in light of the growing ....

  • Egypt's Embassy in London tackles government measures amid coronavirus

    Date: 2020-07-06 17:21:44 GMT - Egypt - Economy - SN:46 - ID:8497992

    CAIRO, July 6 (MENA) - The Egyptian Embassy in London, in cooperation with the Egyptian-British Chamber of Commerce, organized a symposium via video-conference on discussing the economic measures taken by the Egyptian government amid the coronavirus ....

  • Global (1): Saudi Oil Derivatives Grant to Yemen's Al-Mahra Province Enters 3rd Year

    Date: 2020-07-06 17:19:48 GMT - Yemen - Economy - SN:45 - ID:8498066

    Dear subscribers, following is a global bulletin published for PR newswire: ============================================================ AL-MAHRA, Yemen, July 6, 2020 /PRNewswire/ -- The Saudi Development and Reconstruction Program for Yemen ....

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