Economy

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  • Category : Economy
  • Delivering natural gas to more than 895,000 homes in next FY: Petroleum ministry

    Date: 2024-04-09 14:04:18 GMT - Egypt - Economy - SN:38 - ID:10656024

    CAIRO, April 9 (MENA) - Ministry of Petroleum and Mineral Resources said Tuesday more than 895,000 homes would receive natural gas nationwide during the next fiscal year (FY), bringing the number of homes that benefit from natural gas to more than ....

  • Egypt's Sinai Manganese, Spain's "Global ATAC" sign cooperation deal

    Date: 2024-04-09 11:36:34 GMT - Egypt - Economy - SN:26 - ID:10655796

    CAIRO, April 9 (MENA) - Public Business Sector Minister Mahmoud Esmat attended the signing of a cooperation agreement between Sinai Manganese Co. SMC, and the Spanish company "Global ATAC" SL to build a new plant for kaolin calcination (thermal ....

  • Mashaat affirms importance of cooperation with WB to reinforce private sector

    Date: 2024-04-09 10:59:39 GMT - Egypt - Economy - SN:24 - ID:10655800

    CAIRO, April 9 (MENA) - Minister of International Cooperation Rania al Mashat on Tuesday asserted the significance of cooperation with the World Bank (WB) towards maximizing the role of the private sector in the investment domain. She added that ....

  • Finance min.: Economic reform path reaps fruits in FY 2023-2024

    Date: 2024-04-08 15:08:40 GMT - Egypt - Economy - SN:43 - ID:10655048

    CAIRO, April 8 (MENA) - Minister of Finance Mohamed Maait said a new path of the Egyptian economy, based on structural reforms supporting the track of recovery, has started reaping fruits according to the macroeconomic indicators of the the fiscal ....

  • CBE: Annual inflation declines to 33.7% in March

    Date: 2024-04-08 14:55:22 GMT - Egypt - Economy - SN:41 - ID:10655050

    CAIRO, April 8 (MENA) - Egypt's annual core inflation rate declined to 33.7 percent in March 2024 from 35.1 percent in February, the Central Bank of Egypt (CBE) announced on Monday. In a statement, the CBE said the monthly core Consumer Price ....

  • Bourse gains EGP 26 bn, all indexes up

    Date: 2024-04-08 13:46:11 GMT - Egypt - Economy - SN:33 - ID:10654825

    CAIRO, April 8 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday's trading session, backed by purchases by institutions and local and Arab investment funds, against sales by foreign institutions and foreign ....

  • Egypt, South Korea discuss boosting cooperation in digital transformation

    Date: 2024-04-08 13:06:34 GMT - Egypt - Economy - SN:31 - ID:10654755

    CAIRO, April 8 (MENA) - Minister of Communications and Information Technology Amr Talaat and South Korean Ambassador in Cairo Kim Yonghyon on Monday discussed ways of fostering cooperation between Egypt and South Korea in digital transformation, ....

  • Dollar exchange rate up during Monday's transactions

    Date: 2024-04-08 10:08:26 GMT - Egypt - Economy - SN:14 - ID:10654425

    CAIRO, April 8 (MENA) - The dollar exchange rate upped during Monday'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 47.50 for ....

  • Planning minister congratulates Misr Insurance for AM BEST's highest credit ratings

    Date: 2024-04-07 19:15:47 GMT - Egypt - Economy - SN:51 - ID:10653948

    CAIRO, April 7 (MENA) - Minister of Planning and Economic Development and Chairperson of the Sovereign Fund of Egypt (TSFE) Hala el Saeed congratulated the TSFE-affiliated Misr Insurance Holding Company (MIHC) for excellently obtaining the highest ....

  • Trade min. mulls multifaceted cooperation with France

    Date: 2024-04-07 19:13:42 GMT - Egypt - Economy - SN:50 - ID:10653924

    CAIRO, April 7 (MENA) – Minister of Trade and Industry Ahmed Samir said his ministry is keen on making use of France’s extensive industrial expertise to entrench some targeted local industries in Egypt, especially the pharmaceutical, petrochemical, ....

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