ar
en
fr
Economy
- Service : English General
- Category : Economy
-
Gupco says it targets increasing daily production of crude oil to 72,000 barrels in 2024/2025
Date: 2024-02-06 18:32:16 GMT - Egypt - Economy - SN:59 - ID:10568484
CAIRO, Feb 6 (MENA) - The Gulf of Suez Petroleum Company (Gupco) announced that its investment plan for the year 2024-2025 includes injecting investments worth nearly USD 586 million to increase its daily production of crude oil from 66,000 barrels ....
-
EGX posts collective losses at close of Tuesday trading
Date: 2024-02-06 16:10:57 GMT - Egypt - Economy - SN:47 - ID:10568357
CAIRO, Feb 6 (MENA) - Egyptian Exchange indexes posted collective losses at the close of Tuesday's trading session, prompted by selling operations by Arab and foreign institutions and investment funds, as well as foreign investors, against purchases ....
-
Chief: SCZONE discusses establishing Turkish industrial zone
Date: 2024-02-06 12:55:06 GMT - Egypt - Economy - SN:34 - ID:10568137
CAIRO, Feb 6 (MENA) - Chief of the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dein said that discussions are currently underway to establish a Turkish industrial zone within the Suez Canal Economic Zone. This came during Gamal's meeting ....
-
Industry minister: Egypt's commodity exports recorded more than $35bln in 2023
Date: 2024-02-06 12:53:41 GMT - Egypt - Economy - SN:32 - ID:10568000
CAIRO, Feb 6 (MENA) - Minister of Trade and Industry Ahmed Samir said on Tuesday that Egypt has managed to increase its exports of commodities in a tangible way despite economic crises in the region and the world. The minister's statements came ....
-
PM, Samsung Electronics discuss means to pump more investments in market
Date: 2024-02-06 12:48:53 GMT - Egypt - Economy - SN:30 - ID:10567869
CAIRO, Feb 6 (MENA) – Prime Minister Moustafa Madbouli said that he is looking forward to more investments of Samsung Electronics company in Egypt in the coming period especially in light of the investment incentives of the Egyptian government to ....
-
Min.: Isdb Group funds 382 projects in Egypt worth $21 bln
Date: 2024-02-06 12:19:44 GMT - Egypt - Economy - SN:26 - ID:10567721
CAIRO, Feb 6 (MENA) - Minister of International Cooperation Rania al Mashaat Tuesday said Egypt is one of the countries benefiting largely from financing offered by the Islamic Development Bank Group (IsDB), with as many as 382 projects carried out ....
-
IsDB president, ministers visit Cairo West Power Plant
Date: 2024-02-06 09:23:54 GMT - Egypt - Economy - SN:16 - ID:10567436
CAIRO, Feb 6 (MENA) - Chairman of Islamic Development Bank (IsDB) Group Muhammad Sulaiman Al Jasser Tuesday visited Cairo West Power Plant that was co-financed by the bank in 1989, with 14 million dollars and in 2014, with 137 million dollars, in ....
-
20,000 tons of goods handled at Red Sea Ports
Date: 2024-02-06 09:10:27 GMT - Egypt - Economy - SN:15 - ID:10567524
HURGHADA, Egypt, Feb 6 (MENA) - About 20,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 7,000 tons of goods, 691 trucks and 72 ....
-
Gov't working on boosting foreign currency cash flow to curb price hikes: PM
Date: 2024-02-05 19:52:49 GMT - Egypt - Economy - SN:77 - ID:10566972
CAIRO, Feb 5 (MENA) – Prime Minister Moustafa Madbouli said Monday the State is taking various measures to boost foreign currency cash flow, which will help overcome many ensuing problems, atop of which commodity shortage and price ....
-
CBE announces increase in foreign currency reserves by $30 bn
Date: 2024-02-05 16:02:16 GMT - Egypt - Economy - SN:61 - ID:10566666
CAIRO, Feb 5 (MENA) - The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars. The CBE put the total reserves of foreign currencies at about 35.249 billion dollars by the end ....
