Economy

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  • Category : Economy
  • Egypt seeks to implement oil, gas projects in Iraq

    Date: 2024-08-07 14:59:23 GMT - Egypt - Economy - SN:53 - ID:10819776

    CAIRO, Aug 7 (MENA) - Petroleum Minister Karim Badawy met Wednesday with newly appointed Iraqi Ambassador in Cairo Qahtan Taha Khalaf to discuss means of boosting cooperation in the fields of oil and gas. The meeting took up the contribution of ....

  • Egypt best investment destination in North Africa in 2024

    Date: 2024-08-07 13:45:39 GMT - Seychelles - Economy - SN:47 - ID:10819612

    VICTORIA, Aug 7 (MENA) - Egypt is among the top investment destinations in Africa, coming first of all North African states, according to a report by Business Insider (BI). The list of top investment destinations also includes Morocco, Tunisia ....

  • FM, Samsung Electronics Egypt CEO review incentives for foreign investors

    Date: 2024-08-07 12:32:54 GMT - Egypt - Economy - SN:42 - ID:10819477

    CAIRO, Aug 7 (MENA) - Foreign Minister Badr Abdelatty had talks on Wednesday with Chairman of Samsung Electronics-Egypt Jun Su Jung on economic policies for securing incentives and guarantees for foreign investors. The talks tackled increasing ....

  • CBE: Remittances of expats hit dlrs 2.6bn in June 2024

    Date: 2024-08-07 11:51:38 GMT - Egypt - Economy - SN:39 - ID:10819356

    CAIRO, Aug 7 (MENA) - The Central Bank of Egypt (CBE) said on Wednesday that remittances of Egyptians abroad recorded an increase of some 2.6 billion dollars during June 2024 - up 65.5% in June 2023. In a statement, the CBE said expat remittances ....

  • Investment, electricity ministers keen to lure more investments to energy sector

    Date: 2024-08-07 11:46:46 GMT - Egypt - Economy - SN:38 - ID:10819351

    CAIRO, Aug 7 (MENA) – Investment Minister Hassan el-Khateeb and Minister of Electricity Mahmoud Esmat said Wednesday they are keen on providing all kind of support for Egyptian and foreign companies alike. A statement by the Investment Ministry, ....

  • Electricity Ministry seeks to enhance cooperation with EIB to upgrade distribution grids

    Date: 2024-08-07 10:47:48 GMT - Egypt - Economy - SN:32 - ID:10819115

    CAIRO, Aug 7 (MENA) – The Electricity and Renewable Energy Ministry will cooperate with the European Investment Bank (EIB) to implement a number of projects in the coming stage. The projects will mainly be to upgrade the distribution networks ....

  • Localizing manufacturing of cellular towers: AOI

    Date: 2024-08-07 08:18:12 GMT - Egypt - Economy - SN:20 - ID:10818883

    CAIRO, Aug 7 (MENA) - Chairman of the Arab Organization for Industrialization (AOI) Mokhtar Abdel Latif asserted Wednesday keenness on localizing the technology of manufacturing cellular towers, pointing out to upgrading and developing production ....

  • 12,000 tons of goods handled at Red Sea Ports

    Date: 2024-08-07 07:20:05 GMT - Egypt - Economy - SN:17 - ID:10818843

    HURGHADA, Egypt, Aug 7 (MENA) - About 12,000 tons of goods were handled at the different Red Sea harbors on Wednesday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 5,000 tons of goods, 420 trucks and 63 ....

  • Global (1): Rockefeller Foundation Green Power Gap: 8,700 Terawatt-Hours of Clean Energy Needed in 72 Countries, including 44 in Africa

    Date: 2024-08-07 07:11:52 GMT - Kenya - Economy - SN:15 - ID:10818845

    Dear subscribers, the following is a global bulletin published for PRNewswire:‎ =================================================================== Estimates the renewable energy capacity that must be generated by 2050 for countries to meet ....

  • Tax revenues up by EGP 343 billion in FY 2023/2024 - ETA chief

    Date: 2024-08-06 20:59:47 GMT - Egypt - Economy - SN:76 - ID:10818586

    CAIRO, Aug 6 (MENA) - Egypt’s tax revenues were up by EGP 343 billion, growing 30 per cent on an annual basis during FY 2023/2024, registering EGP 1.482 trillion, against EGP 1.139 trillion during the previous fiscal year, head of the Egyptian Tax ....

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