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Economy
- Service : English General
- Category : Economy
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Ibda: Direct industrial investment fund aims to reduce import bill
Date: 2024-05-02 13:04:14 GMT - Egypt - Economy - SN:50 - ID:10688362
CAIRO, May 2 (MENA) - The National Initiative for the Development of Egyptian Industry (Ibda) said Thursday the launch of the “Nile Industrial Investment Fund,” as the first specialized industrial investment fund for investment in all industrial ....
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Egypt’s trade balance deficit up to 2.73bn in February 2024
Date: 2024-05-02 12:52:41 GMT - Egypt - Economy - SN:48 - ID:10688480
CAIRO, May 2 (MENA) - Egypt’s trade balance deficit increased to $2.73 billion in February 2024, compared to $2.71 billion in the same month a year ago, according to a monthly bulletin issued by the Central Agency for Public Mobilization and ....
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Finance min.: Public treasury supported private funds' workers with EGP 3 bln in FY2023/24
Date: 2024-05-02 12:44:48 GMT - Egypt - Economy - SN:47 - ID:10688332
CAIRO, May 2 (MENA) - Finance Minister Mohamed Maait said the public treasury allocated nearly EGP 3 billion for supporting the salaries of workers in the private funds and accounts across different governorates in the current fiscal year (FY) ....
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Egypt bourse gains 51 billion pounds
Date: 2024-05-02 12:05:09 GMT - Egypt - Economy - SN:42 - ID:10688385
CAIRO, May 2 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Thursday's trading session, backed by purchases by local institutions and investment funds, against sales by Arab and foreign institutions, as well as ....
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Foreign currency proceeds near EGP 9.6bn since exchange rate liberalization
Date: 2024-05-02 10:02:46 GMT - Egypt - Economy - SN:26 - ID:10687870
CAIRO, May 2 (MENA) - Foreign currency proceeds of exchange companies, affiliated to Banque Misr and Banque du Caire, have increased to some EGP 9.621 billion since interest rate liberalization on March 6. In statements to MENA on Thursday, ....
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GAFI, British Foreign Office ink MoU to boost investment, trade ties
Date: 2024-05-02 08:46:23 GMT - Egypt - Economy - SN:17 - ID:10687716
CAIRO, May 2 (MENA) – The General Authority for Investment and Free Zones (GAFI) and the British Foreign Office’s department of exports signed a memorandum of understanding (MoU) to strengthen bilateral investment and trade ties. The memo was ....
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Dollar exchange rate stable at start of Thursday's transactions
Date: 2024-05-02 07:43:37 GMT - Egypt - Economy - SN:14 - ID:10687713
CAIRO, May 2 (MENA) - The dollar exchange rate as stable at the start of Thursday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB), the dollar rate registered EGP ....
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FEDCOC says annual investments in retail sector up 21 times
Date: 2024-05-01 20:58:42 GMT - Egypt - Economy - SN:67 - ID:10687427
CAIRO, May 1 (MENA) – President of the Federation of the Egyptian Chambers of Commerce (FEDCOC) Ahmed el Wakeel said Wednesday that the volume of annual investments in the retail sector has increased 21 times over the past few years, reaching 16.661 ....
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Egypt-EU ties upgraded to level of strategic partnership, says minister
Date: 2024-05-01 19:11:07 GMT - Egypt - Economy - SN:56 - ID:10687218
CAIRO, May 1 (MENA) – International Cooperation Minister Rania el Mashaat said Wednesday that elevating Egyptian-European relations to the level of strategic partnership comes after a long history of close ties between the two sides. The coming ....
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Wheat reserves sufficient for 3 months - min.
Date: 2024-05-01 16:58:32 GMT - Egypt - Economy - SN:48 - ID:10687221
CAIRO, May 1 (MENA) - Supply and Internal Trade Minister Ali Moselhi said on Wednesday that the country's strategic reserves of basic commodities are sufficient for several months. At a press conference, the minister said sugar stockpiles are ....
