Economy

  • Service : English General
  • Category : Economy
  • Dollar exchange rate stable at beginning of Sunday's transactions

    Date: 2024-04-21 10:23:23 GMT - Egypt - Economy - SN:15 - ID:10670831

    CAIRO, April 21 (MENA) - The dollar exchange rate was stable at the start of Sunday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 48.28 for buying and EGP 48.38 for ....

  • Finance min. urges Slovenian business community to benefit from Egypt's unprecedented investment incentives

    Date: 2024-04-20 18:59:52 GMT - Egypt - Economy - SN:56 - ID:10669995

    WASHINGTON/ CAIRO, April 20 (MENA) - Minister of Finance Mohamed Maait on Saturday urged representatives of the business and industrial community in Slovenia to make use of Egypt's unprecedented investment incentives. During a meeting with ....

  • Egypt records 36% decrease in cooking oil prices - Minister

    Date: 2024-04-20 18:57:13 GMT - Egypt - Economy - SN:55 - ID:10670307

    CAIRO, April 20 (MENA) - Minister of Supply and Internal Trade Ali El-Moselhi announced Saturday a 14% decrease in cooking oil prices, bringing the total reduction to 36% since a series of meetings chaired by the Prime Minister Mostafa Madbouli ....

  • Cargo vessel carrying 63,000 tons of Russian wheat heads to Egypt

    Date: 2024-04-20 17:57:52 GMT - Egypt - Economy - SN:50 - ID:10670301

    CAIRO, April 20 (MENA) - The Ministry of Agriculture and Land Reclamation said Saturday its quarantine department succeeded in facilitating the departure of a ship carrying 63,000 tons of wheat that had been stranded in Russia's Port of Novorossiysk ....

  • Economic situation improves after adopting integrated reform package: Finance min.

    Date: 2024-04-20 17:13:46 GMT - Egypt - Economy - SN:47 - ID:10669877

    CAIRO, April 20 (MENA) - Minister of Finance Mohamed Maait said the economic situation in Egypt began to improve after adopting an integrated package of reforms. Jumping over 8.5 folds, Egypt registered an initial budget surplus of EGP416 billion ....

  • Chemical exports valued at $1.445 billion - Minister

    Date: 2024-04-20 17:03:00 GMT - Egypt - Economy - SN:45 - ID:10670053

    CAIRO, April 20 (MENA) - Chemical industries ranked third among industrial sectors in the list of Egyptian commodity exports during the first quarter of 2024, Minister of Trade and Industry Ahmed Samir said Saturday. Chemical exports valued at ....

  • PM: Unprecedented development efforts under way at all Egyptian ports

    Date: 2024-04-20 16:48:07 GMT - Egypt - Economy - SN:43 - ID:10669849

    DAMIETTA, Egypt, April 20 (MENA) – Prime Minister Mostafa Madbouli said Saturday the Damietta Port development and expansion project, expected to be complete by 2027, will make the strategically-located port a great addition to the country’s ....

  • Egypt keen on cooperation with Hinduja Group to localize electric car industry in Egypt: Finance min.

    Date: 2024-04-20 15:38:04 GMT - Egypt - Economy - SN:37 - ID:10669996

    CAIRO, April 20 (MENA) – Finance Minister Mohamed Maait asserted keenness on cooperation with Hinduja Group of India to localize the industry of electric cars and technological industry in Egypt. The group is one of the pioneering companies in ....

  • Exports of Egyptian food industries hit $1.546 bln during Q1 2024 - Trade min.

    Date: 2024-04-20 14:07:22 GMT - Egypt - Economy - SN:31 - ID:10669746

    CAIRO, April 20 (MENA) - Minister of Trade and Industry Ahmed Samir said the food industries' sector is among the top contributors to the State's export structure. During the first quarter of 2024, exports of Egyptian food industries amounted to ....

  • Madbouli: State exerts every effort to support local industry, 3 last Port Said

    Date: 2024-04-20 11:45:04 GMT - Egypt - Economy - SN:17 - ID:10669469

    Madbouli said that his office is always open to any serious investor, adding that all the investors are met to remove any hindrances facing them and enable them to achieve their targets. There are big numbers of international companies that ....

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