Economy

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  • Category : Economy
  • Egypt mulls increasing frozen fruit and vegetables exports to Saudi Arabia

    Date: 2024-01-07 11:40:19 GMT - Egypt - Economy - SN:25 - ID:10523205

    CAIRO, Jan 7 (MENA) - The National Food Safety Authority has discussed means to increase exports of Egyptian frozen fruit and vegetables and dairy products to the Saudi markets. This came during a virtual meeting between the authority officials ....

  • Supply min. opens 1st phase of Beheira's logistic zone at cost of EGP 4.5 bn

    Date: 2024-01-06 12:23:40 GMT - Egypt - Economy - SN:25 - ID:10521928

    CAIRO, Jan 6 (MENA) - Minister Supply and Internal Trade Ali Moselhi Saturday inaugurate the first phase of the trade, administrative and logistics zone project in Beheira governorate at total investments of 4.5 billion pounds. The trade zone is ....

  • 42 container ships, cargo vessels handled at Damietta Port

    Date: 2024-01-05 22:11:20 GMT - Egypt - Economy - SN:54 - ID:10521517

    DAMIETTA, Egypt, Jan 5 (MENA) – As many as 42 container ships and cargo vessels were handled at the Damietta Port in the past 24 hours. In a statement released on Friday, the Damietta Port Authority's media center said the total trade volume of ....

  • Egypt was not, will not be late in fulfilling internal, external obligations, says minister

    Date: 2024-01-05 14:48:41 GMT - Egypt - Economy - SN:37 - ID:10521073

    CAIRO, Jan 5 (MENA) - Minister of Finance Mohamed Maait stressed that the State was not and will not be late in fulfilling its internal and external obligations despite the harsh conditions and global crises. The minister made the remarks as he ....

  • Egypt's foreign currency reserves hit 35.2 bln in December - CBE

    Date: 2024-01-04 18:27:07 GMT - Egypt - Economy - SN:57 - ID:10520111

    CAIRO, Jan 4 (MENA) - The Central Bank of Egypt (CBE) has announced that the country's foreign currency reserves increased by $46 million month-on-month in December 2023, hitting $35.219 billion compared to $35.173 billion in November. (MENA) I S ....

  • Bourse indexes show mixed performance

    Date: 2024-01-04 14:24:01 GMT - Egypt - Economy - SN:45 - ID:10519778

    CAIRO, Jan 4 (MENA) - Egyptian Exchange (EGX) indexes showed mixed performance at the end of Thursday's trading session, amid sales by local institutions and Egyptian, Arab and foreign investors, against purchases by Arab and foreign institutions ....

  • Egypt’s trade balance deficit down to 3.15bn in October 2023

    Date: 2024-01-04 12:27:13 GMT - Egypt - Economy - SN:33 - ID:10519665

    CAIRO, Jan 4 (MENA) - Egypt’s trade balance deficit decreased 16.6% to $3.15 billion in October 2023, compared to $3.78 billion in the same month a year ago, according to a monthly bulletin issued by the Central Agency for Public Mobilization and ....

  • Dollar price stable at start of Thursday's transactions

    Date: 2024-01-04 08:48:06 GMT - Egypt - Economy - SN:14 - ID:10519195

    CAIRO, Jan 4 (MENA) - The dollar exchange rate was stable at the start of Thursday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buying and EGP 30.85 for ....

  • EGX indices outperformed regional, int'l peers in 2023 - Chairman

    Date: 2024-01-03 19:21:06 GMT - Egypt - Economy - SN:57 - ID:10518769

    CAIRO, Jan 3 (MENA) - The Egyptian stock market indices have outperformed that of Nasdaq, Tokyo, Standard & Poor's, Dubai Market, the French CAC, Dow Jones, and the UK's FTSE, during 2023, Chairman of the Egyptian Stock Exchange Ahmed Al-Sheikh ....

  • Inflation rate to decrease after price reduction initiative - Planning min.

    Date: 2024-01-03 17:55:33 GMT - Egypt - Economy - SN:53 - ID:10518726

    CAIRO, Jan 3 (MENA) – Planning and Economic Development Minister Hala el Said noted that the inflation rate is expected to decrease after implementing the commodities' price reduction initiative. During reviewing the implementation of the state’s ....

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