Economy

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  • Category : Economy
  • Petroleum minister checks on Misr Petroleum depot in Badr City

    Date: 2020-05-17 08:24:10 GMT - Egypt - Economy - SN:15 - ID:8435523

    CAIRO, May 17 (MENA) - Petroleum Minister Tarek el Molla checked on Misr Petroleum Company's depot in Badr city. The minister said the newly-automated depot comes as part of the ministry's efforts to develop storage, transport and distribution of ....

  • Minister: Unemployment falls to 7.7% in 1Q20

    Date: 2020-05-16 17:40:50 GMT - Egypt - Economy - SN:37 - ID:8435077

    CAIRO, May 16 (MENA) - Minister of Planning Hala el Saeed said Saturday that Egypt's unemployment rate declined by 0.3 percent to 7.7 percent in the first quarter of 2020, down from 8 percent in the previous quarter. On annual basis, unemployment ....

  • Extending CBE initiative to construction sector helpful amid coronavirus crisis- EBA

    Date: 2020-05-16 15:27:26 GMT - Egypt - Economy - SN:29 - ID:8434956

    CAIRO, May 16 (MENA) - The Egyptian Businessmen Association (EBA) hailed Saturday the Central Bank of Egypt's (CBE) move to extend its EGP 100 billion initiative to the contracting sector. The decision will be helpful to this important sector, ....

  • High-yield saving certificates of NBE, Banque Misr garner EGP 137 billions in gains

    Date: 2020-05-16 13:24:58 GMT - Egypt - Economy - SN:23 - ID:8434814

    CAIRO, May 16 (MENA) - The new saving certificates issued by the National Bank of Egypt (NBE) and Banque Misr of 15-percent monthly return garnered 137 billion pounds since they were issued on March 22, the two banks said on Saturday. Mohamed el ....

  • Finance min.: EGP 2bln supporting loan to civil aviation sector to face coronavirus consequences

    Date: 2020-05-16 12:40:55 GMT - Egypt - Economy - SN:19 - ID:8434719

    CAIRO, May 16 (MENA) – Finance Minister Mohamed Maait said that EgyptAir Holding Company will receive EGP two billion as a supporting loan until the company achieves 80 percent of its operating rates in 2019. The minister added that this step ....

  • Royal IHC, Suez Canal Authority successfully launch CSD Mohab Mamish

    Date: 2020-05-15 16:58:01 GMT - Egypt - Economy - SN:39 - ID:8433974

    ISMAILIA, Egypt, May 15 (MENA) - The Suez Canal Authority (SCA) and Royal IHC (IHC) successfully launched the cutter suction dredger (CSD) Mohab Mamish, the largest in SCA history, IHC posted on its website. The launch took place at IHC’s ....

  • Global (1): GameChange Solar Surpasses 10 GW Milestone

    Date: 2020-05-15 14:13:57 GMT - USA - Economy - SN:25 - ID:8433893

    Dear subscribers, following is a global bulletin published for PR ‎Newswire:‎ ============================================================ GameChange Solar Surpasses 10 GW Milestone NEW YORK, May 15, 2020 /PRNewswire/ -- GameChange Solar ....

  • Tax Authority launches three electronic channels for paying symbiotic contributions

    Date: 2020-05-15 13:30:08 GMT - Egypt - Economy - SN:24 - ID:8433783

    CAIRO, May 15 (MENA) - President of the Egyptian Tax Authority Reda Abdul Qader said that the body has launched three digital channels to pay the symbiotic contributions; which are used in the comprehensive health insurance program. Abdul Qader ....

  • Irregular workers to receive 2nd installment of presidential grant before Eidul Fitr

    Date: 2020-05-15 13:25:56 GMT - Egypt - Economy - SN:21 - ID:8433791

    CAIRO, May 15 (MENA) – Manpower Minister Mohamed Saafan said that the grace period for those who missed the first stage of the disbursing of the presidential grant for irregular workers had ended on Thursday. In a press release on Friday, Saafan ....

  • Planning minister participates in int'l small business council webinar

    Date: 2020-05-15 10:27:14 GMT - Egypt - Economy - SN:14 - ID:8433497

    CAIRO, May 15 (MENA) - Planning Minister Hala el Saeed participated as a keynote speaker in a webinar organized by the International Council for Small Business (ICSB) under the theme “The Future of Entrepreneurship and MSMEs in the Arab World Post ....

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