Economy

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  • Category : Economy
  • Wheat reserves sufficient for 3 months - min.

    Date: 2024-05-01 16:58:32 GMT - Egypt - Economy - SN:48 - ID:10687221

    CAIRO, May 1 (MENA) - Supply and Internal Trade Minister Ali Moselhi said on Wednesday that the country's strategic reserves of basic commodities are sufficient for several months. At a press conference, the minister said sugar stockpiles are ....

  • Commemorative coins to be issued marking 70th anniv. of 1st currency circulated by Egyptian Mint

    Date: 2024-05-01 16:42:10 GMT - Egypt - Economy - SN:46 - ID:10687157

    CAIRO, May 1 (MENA) - The cabinet under Prime Minister Moustafa Madbouli approved on Wednesday a decision mandating the finance minister to issue commemorative coins in silver to mark the 70th anniversary of the issuance of the first national ....

  • PM, Scatec CEO review renewable energy projects

    Date: 2024-05-01 13:29:48 GMT - Egypt - Economy - SN:36 - ID:10686521

    CAIRO, May 1 (MENA) - Prime Minister Moustafa Madbouli asserted following up efforts exerted by the Norwegian company Scatec, a key partner in the new and renewable energy domain. He made the remarks during his meeting with Scatec CEO Terje ....

  • Cabinet approves decree on Egypt joining ATIDI

    Date: 2024-05-01 13:28:54 GMT - Egypt - Economy - SN:35 - ID:10686767

    CAIRO, May 1 (MENA) – Prime Minister Moustafa Madbouli chaired a Cabinet meeting Wednesday, during which a presidential decree on Egypt joining the African Trade and Investment Development Insurance (ATIDI) was approved. An ATIDI membership would ....

  • Cabinet okays project to establish automotive electric wires facility

    Date: 2024-05-01 13:25:34 GMT - Egypt - Economy - SN:34 - ID:10686765

    CAIRO, May 1 (MENA) – Meeting under Prime Minister Moustafa Madbouli, the Cabinet Wednesday approved a request submitted by COFICAB Group to establish a new automotive electric wires project. The new project will operate using the free zone ....

  • EGX indexes post collective gains

    Date: 2024-05-01 13:14:22 GMT - Egypt - Economy - SN:33 - ID:10686644

    CAIRO, May 1 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the end of Wednesday's trading session backed by purchases by Arab investment funds and Egyptian and foreign investors. The market capital gained nearly EGP 44 ....

  • Egypt, France review cooperation to continue implementation of Line 6 of Cairo Metro

    Date: 2024-05-01 12:19:57 GMT - Egypt - Economy - SN:30 - ID:10686221

    CAIRO, May 1 (MENA) - Transport Minister Kamel el Wazir and French Minister of Finance and Economy Bruno Le Maire signed a memorandum of understanding to complete a roadmap for cooperation between the two ministries to localize the railway industry ....

  • Dollar exchange rate stable at start of Wednesday's transactions

    Date: 2024-05-01 07:27:51 GMT - Egypt - Economy - SN:9 - ID:10686025

    CAIRO, May 1 (MENA) - The dollar exchange rate as stable at the start of Wednesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB), the dollar rate registered EGP ....

  • Chinese company lays foundation stone for cast iron factory with $146m investments

    Date: 2024-04-30 20:31:16 GMT - Egypt - Economy - SN:79 - ID:10685402

    SUEZ, Egypt, April 30 (MENA) – The Suez Canal Economic Zone (SCZONE) announced Tuesday that a Chinese company has laid the foundation stone for a cast iron factory in Sokhna industrial zone with $146 million investments. The SCZONE said in a ....

  • SCA chief opens "Misr" tugboat manufacturing factory in Safaga

    Date: 2024-04-30 20:23:56 GMT - Egypt - Economy - SN:78 - ID:10685405

    HURGHADA, Egypt, April 30 (MENA) - The Suez Canal Authority (SCA) is moving forward on the road to implement its ambitious vision for boosting its development and community role by adopting national projects in various sectors all across the ....

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