Economy

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  • Category : Economy
  • Half of State budget funds allocated to social protection, human development - Maait

    Date: 2024-05-05 09:22:32 GMT - Egypt - Economy - SN:18 - ID:10691646

    CAIRO, May 5 (MENA) - Finance Minister Mohamed Maait said on Sunday more than half of 2024/2025 State budget funds are allocated to social protection and human development in the health and educational domains in implementation of directives of ....

  • Egypt's unemployment inches down to 7% in 2024: Labour Ministry

    Date: 2024-05-05 08:08:03 GMT - Egypt - Economy - SN:13 - ID:10691557

    CAIRO, May 5 (MENA) - The unemployment rate in Egypt edged down to 7 percent in 2024, compared to 13 percent in 2014, said an official with the Labor Ministry. In a phone interview with on the "Sabah Al-Balad" program aired on Sada el Balad ....

  • Fitch's revised outlook reflects confidence in Egyptian economy: economists

    Date: 2024-05-04 19:21:16 GMT - Egypt - Economy - SN:73 - ID:10691198

    CAIRO, May 4 (MENA) - Fitch’s revised outlook of the Egyptian economy has given the economists a positive trend to express their views about the progress achieved in the Egyptian economy. The Egyptian government plans to further develop the ....

  • Azolla alternative feeding planted in New Valley: official

    Date: 2024-05-04 16:58:56 GMT - Egypt - Economy - SN:63 - ID:10691105

    AL KHARHA, Egypt, May 4 (MENA) – Undersecretary of the Ministry of Agriculture in the New Valley Governorate Magd el Mursi said Saturday Azolla would be planted in the governorate at a regional agricultural research station in the ....

  • 36 container ships, cargo vessels handled at Damietta Port in 24 hours

    Date: 2024-05-04 16:36:24 GMT - Egypt - Economy - SN:57 - ID:10691168

    DAMIETTA, Egypt, May 4 (MENA) - As many as 36 container ships and cargo vessels were handled at the Damietta Port in the past 24 hours. In a statement released on Saturday, the Damietta Port Authority's media center said the total trade volume of ....

  • Fitch's Egypt future outlook enhances flow of foreign investment - Economists

    Date: 2024-05-04 15:18:48 GMT - Egypt - Economy - SN:47 - ID:10690929

    CAIRO, May 4 (MENA) - Fitch Ratings' decision to upgrade Egypt's credit rating outlook from stable to positive is a vote of confidence in the country's economy, economists told MENA Saturday. This move is expected to increase the inflow of ....

  • Finance min.: Egyptian economy restoring trust of int'l rating agencies with positive outlook

    Date: 2024-05-04 10:39:13 GMT - Egypt - Economy - SN:27 - ID:10690488

    CAIRO, May 4 (MENA) - Minister of Finance Mohamed Maait on Saturday said that the Egyptian economy is gradually restoring the trust of international rating agencies with more stimulating outlook toward further financial stability, after adopting ....

  • Fitch Ratings upgrades Egypt's outlook to positive thanks to tangible economic progress

    Date: 2024-05-04 10:31:41 GMT - Egypt - Economy - SN:26 - ID:10690540

    CAIRO, May 4 (MENA) – Fitch Ratings has upgraded Egypt's outlook from stable to positive thanks to tangible economic progress, luring large foreign investments, and growing private sector contribution to the development drive, according to a MENA ....

  • Health minister urges boosting cooperation with international entities

    Date: 2024-05-03 17:43:12 GMT - Egypt - Economy - SN:45 - ID:10689923

    CAIRO, May 3 (MENA) - Minister of Health and Population Khaled Abdel Ghaffar on Friday emphasized the importance of boosting cooperation with various international entities to expand pharmaceutical manufacturing and exchange expertise and insights ....

  • Exchange firms attract foreign currency worth nearly EGP12.3b since March – Officials

    Date: 2024-05-03 08:27:25 GMT - Egypt - Economy - SN:15 - ID:10689231

    CAIRO, May 3 (MENA) – The National Bank of Egypt’s Al-Ahly Exchange, Banque Misr’s Misr Exchange and Banque du Caire’s Cairo Exchange have managed to attract foreign currency at a total sum of EGP12.386 billion since March 6. Abdel Mageed Mohi ....

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