Economy

  • Service : English General
  • Category : Economy
  • Egypt's GDP records growth rate of 2.4% in Q4 of 2022/2023 - Minister

    Date: 2024-10-03 14:43:19 GMT - Egypt - Economy - SN:42 - ID:10897285

    CAIRO, Oct 3 (MENA) - Egypt's Gross Domestic Product (GDP) recorded a growth rate of 2.4% during the last quarter of 2023/2024 fiscal year, bringing the annual growth rate to 2.4%, compared to 3.8% in 2022/2023 fiscal year, Minister of Planning, ....

  • Egypt foreign reserves hit $46.736 bn in September

    Date: 2024-10-03 14:15:58 GMT - Egypt - Economy - SN:38 - ID:10897886

    CAIRO, Oct 3 (MENA) - Egypt’s international reserves were up by $139 million, reaching $46.736 billion in September, the Central Bank of Egypt (CBE) announced Thursday. This marks a rise from the $46.597 billion recorded in August, it ....

  • Approvals in the pipeline for $2.9 bln from development partners to support State budget - minister

    Date: 2024-10-03 14:04:33 GMT - Egypt - Economy - SN:36 - ID:10897864

    CAIRO, Oct 3 (MENA) - Minister of Planning, Economic Development and International Cooperation Rania el Mashat said that approvals are in the pipeline for financial assistance worth $2.9 billion from development partners to support the State budget ....

  • Egypt bourse indices up at closing of Thursday trading

    Date: 2024-10-03 13:03:16 GMT - Egypt - Economy - SN:32 - ID:10897695

    CAIRO, Oct 3 (MENA) - Egyptian Stock Exchange indices recorded collective increases at the closing of Thursday trading session. The rise was backed by purchases by foreign institutions, investment funds, and Egyptian individual investors, against ....

  • EEIC launches pre-incubation program in fintech domain

    Date: 2024-10-03 09:40:57 GMT - Egypt - Economy - SN:22 - ID:10897139

    CAIRO, Oct 3 (MENA) - The Egypt entrepreneurship and innovation center (EEIC), which is affiliated to the National Management Institute (NMI), has launched "The pre-incubation program in fintech domain". The program aims to raise awareness about ....

  • SCZone, 30 French companies mull green hydrogen opportunities

    Date: 2024-10-03 09:34:12 GMT - Egypt - Economy - SN:19 - ID:10897159

    PARIS, Oct 3 (MENA) - Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) Walid Gamal El-Din met with officials from 30 companies, members of the French Employers Federation (MEDEF), at the conclusion of his promotional tour ....

  • Egypt tops exporter to Nigeria in North Africa

    Date: 2024-10-03 09:13:09 GMT - Nigeria - Economy - SN:18 - ID:10897182

    ABUJA, Oct 3 (MENA) - Egypt topped the list of North African exporters to Nigeria, Africa's largest economy, during Q2 of the year 2024 with exports recording 55.68 billion nairas. The imports constituted 39.11 percent of Nigeria's total trade ....

  • Petroleum min. probes new investment opportunities with US energy giant ExxonMobil

    Date: 2024-10-02 22:03:44 GMT - Egypt - Economy - SN:91 - ID:10896855

    CAIRO, Oct 2 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi and ExxonMobil's Vice President of Research and Exploration reviewed Wednesday new investment opportunities in Egypt's petroleum industry. The two sides met on the ....

  • Wazir reviews Poland’s PADMA plan to build furniture complex in New Alamein

    Date: 2024-10-02 20:49:46 GMT - Egypt - Economy - SN:86 - ID:10896756

    CAIRO, Oct 2 (MENA) – Minister of Industry and Transport Kamel Al Wazir urged PADMA, one of the largest plants in the furniture industry in Poland, to make use of the huge investment opportunities offered by the Egyptian market, including incentives ....

  • Electricity min., Siemens discuss boosting cooperation, partnership in different fields

    Date: 2024-10-02 20:43:12 GMT - Egypt - Economy - SN:85 - ID:10896813

    CAIRO, Oct 2 (MENA) – Minister of Electricity and Renewable Energy Mahmoud Esmat conferred with CEO of Siemens Middle East Dietmar Siersdorfer and Executive Director of the company in Egypt Ashraf Hamasa and their accompanying delegation on ....

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