Economy

  • Service : English General
  • Category : Economy
  • PM says keen on quick distribution of commodities to markets

    Date: 2024-03-07 13:12:10 GMT - Egypt - Economy - SN:45 - ID:10614838

    ALEXANDRIA, March 7 (MENA) – Prime Minister Moustafa Madbouli said Thursday the government is keen on securing commodities on the markets in a way that would help achieve a balance in prices. The government is eyeing a drop in prices in the ....

  • Madbouli: Release of huge quantities of goods at Alexandria Port, 3 other ports 2 Alexandria

    Date: 2024-03-07 13:07:36 GMT - Egypt - Economy - SN:43 - ID:10614908

    The Prime Minister explained that the steps taken by the Egyptian state yesterday as economic measures between the government and the CBE are important steps for structural reform of the Egyptian economy, the most important of which is unifying the ....

  • Madbouli: Release of huge quantities of goods at Alexandria Port, 3 other ports

    Date: 2024-03-07 13:05:15 GMT - Egypt - Economy - SN:42 - ID:10614781

    ALEXANDRIA, March 7 (MENA) - Prime Minister Mostafa Madbouli confirmed that he is witnessing the release of huge quantities of shipments and basic goods in Egyptian ports, as goods and shipments are being released at the same time in three other ....

  • New investments worth 1.2 billion dollars to be pumped in 2024/2025 - Khalda Petroleum Company

    Date: 2024-03-07 13:02:06 GMT - Egypt - Economy - SN:41 - ID:10614898

    CAIRO, March 7 (MENA) - Khalda Petroleum Company, which is affiliated to the Petroleum Ministry, unveiled new investments worth 1.2 billion dollars to be pumped in the 2024/2025 fiscal year as well as the digging of 42 exploration and 81 development ....

  • Seventh stage of Instant Cash Payment initiative to start Sunday - Maait

    Date: 2024-03-07 12:18:11 GMT - Egypt - Economy - SN:39 - ID:10614837

    CAIRO, March 7 (MENA) - Finance Minister Mohamed Maait said on Thursday that exporters wishing to join the seventh stage of the Instant Payment Initiative can submit applications from Sunday, March 9, till May 9. The cabinet, in its meeting on ....

  • PM says govt acting to deal a blow to black market

    Date: 2024-03-07 11:46:25 GMT - Egypt - Economy - SN:34 - ID:10614710

    ALEXANDRIA, March 7 (MENA) – Prime Minister Moustafa Madbouli said Thursday that new measures taken by his government are meant to deal a blow to dealers of the black market and a system of networks that controls remittances of expats. Madbouli ....

  • PM: Exporting 1st shipment of artificial silk, polyester factory in Kafr el-Dawar

    Date: 2024-03-07 11:45:53 GMT - Egypt - Economy - SN:33 - ID:10614478

    KAFR EL DAWAR, Egypt March 7 (MENA) - Prime Minister Mostafa Madbouli confirmed the start of exporting the first shipment from the artificial silk and polyester factory in Kafr El Dawar, noting that the government’s goal in the coming period is to ....

  • Egypt: Historic deal brings valuable cash windfall

    Date: 2024-03-07 11:20:54 GMT - USA - Economy - SN:30 - ID:10614618

    WASHINGTON, March 7 (MENA) - Prime Minister Mostafa Madbouly announced On February 23 a massive $35bn deal with ADQ —an Abu-Dhabi-based sovereign wealth fund— marking the largest inflow of FDI in the history of Egypt. The deal gives ADQ ....

  • Dollar exchange rate inches down in mid-day of Thursday's transactions

    Date: 2024-03-07 10:58:22 GMT - Egypt - Economy - SN:28 - ID:10614587

    CAIRO, March 7 (MENA) - The dollar exchange rate inched down in the mid-day of Thursday's transactions at Egypt's major banks after yesterday's rise in dollar prices by 18-20 pounds. At the National Bank of Egypt (NBE) and Banque Misr, the dollar ....

  • CSDD to improve companies' governance practices: official

    Date: 2024-03-07 10:57:01 GMT - Egypt - Economy - SN:27 - ID:10614378

    CAIRO, March 7 (MENA) - Mostafa Sherbini, an international expert in Sustainability and Climate Risk Assessment and Ambassador of the European Climate Charter, asserted that the EU's Corporate Sustainability Due Diligence Directive is to improve ....

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