Economy

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  • Category : Economy
  • USD 121.9 bln in total foreign currency receipt in 2022-23: CAPMAS

    Date: 2024-03-26 13:10:52 GMT - Egypt - Economy - SN:30 - ID:10639341

    CAIRO, March 26 (MENA) – Foreign currency receipt in 2022-23 declined to USD 121.9 billion, compared to USD 160.5 billion in 2021-22), or 24% as a result of the decrease in government receipt, that decreased to USD 2.4 billion in 2022-23, the ....

  • Revenues of ETHYDCO increase by 34% in 2023: Petroleum Ministry

    Date: 2024-03-26 12:12:57 GMT - Egypt - Economy - SN:23 - ID:10638947

    CAIRO, March 26 (MENA) - The revenues of the Egyptian Ethylene and Derivatives Company (ETHYDCO) has increased by 34 percent in the year 2023, achieving 109 percent of its targeted production plans. The company has succeeded in producing 333,000 ....

  • EGX indexes down at end of Tuesday trading

    Date: 2024-03-26 12:04:29 GMT - Egypt - Economy - SN:20 - ID:10639276

    CAIRO, March 26 (MENA) - Egyptian Exchange (EGX) indexes posted collective losses at the close of Tuesday's trading on the back of sales by local and Arab investors. The market capital reached 1.950 trillion pounds after transactions that totaled ....

  • Egypt's exports of engineering industries up to dlrs 802.6 m in first two months of 2024

    Date: 2024-03-26 11:00:00 GMT - Egypt - Economy - SN:17 - ID:10639055

    CAIRO, March 26 (MENA) - Egypt's exports of engineering industries rose by 29 percent to reach dlrs 802.6 million in January and February 2024, compared to dlrs 622.5 billion during the same period in 2023. In its monthly report, the Engineering ....

  • Foreign currency proceeds near EGP 6.5bn since exchange rate liberalization

    Date: 2024-03-26 08:39:29 GMT - Egypt - Economy - SN:11 - ID:10638850

    CAIRO, March 26 (MENA) - Foreign currency proceeds of exchange companies affiliated to the National Bank of Egypt (NBE), Banque Misr and Banque du Caire have increased to some EGP 6.479 billion since the floatation of the Egyptian pound on March 6. ....

  • Dollar exchange rate stable at beginning of Tuesday's transactions

    Date: 2024-03-26 08:19:03 GMT - Egypt - Economy - SN:10 - ID:10638752

    CAIRO, March 26 (MENA) - The dollar exchange rate was stable at the start of Tuesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), the dollar rate registered EGP 47.35 for buying and EGP 47.45 for selling. At ....

  • 14,000 tons of goods handled at Red Sea Ports

    Date: 2024-03-26 07:57:39 GMT - Egypt - Economy - SN:9 - ID:10638773

    HURGHADA, Egypt, March 26 (MENA) - About 14,000 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 3,000 tons of goods, 435 trucks and 75 ....

  • Trade exchange between Egypt, Algeria hits $863mn in 2023

    Date: 2024-03-25 20:23:27 GMT - Algeria - Economy - SN:62 - ID:10638371

    ALGIERS, March 25 (MENA) - A report issued by the Egyptian Commercial Service office in Algeria on Monday said the volume of trade exchange between Egypt and Algeria increased by 7 percent in 2023 to reach $863 million, up from $805 million in ....

  • PM: Prices to go down by 30% after Eidul Fitr

    Date: 2024-03-25 18:04:01 GMT - Egypt - Economy - SN:52 - ID:10638217

    CAIRO, March 25 (MENA) - Prime Minister Mostafa Madbouli said the government must work with the private sector to keep the market under control as soon as possible and see that the prices of staples go down by 15 to 25 per cent during the current ....

  • Global (2): Zambia External Bondholder Steering Committee Reaches Agreement with Zambia on Debt Restructuring

    Date: 2024-03-25 15:59:25 GMT - United Kingdom - Economy - SN:44 - ID:10638213

    Dear subscribers, the following is a global bulletin published for PRNewswire:‎ =============================================================== LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the ....

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