Economy

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  • Category : Economy
  • CBE: LE6.7bn facilitations for 9,000 projects under NilePreneurs Initiative

    Date: 2024-03-21 11:09:56 GMT - Egypt - Economy - SN:30 - ID:10632557

    CAIRO, March 21 (MENA) – The Central Bank of Egypt (CBE) said the business development centers of the NilePreneurs Initiative contributed to offering some 430,000 non-financial services for more than 147,000 beneficiaries, who included entrepreneurs ....

  • Misr & Al Ahly exchange: Foreign currency proceeds of both firms hit EGP 4.5bn since exchange rate liberalization

    Date: 2024-03-21 09:16:20 GMT - Egypt - Economy - SN:19 - ID:10632546

    CAIRO, March 19 (MENA) - Misr and Al Ahly exchange companies - which are affiliated to the National Bank of Egypt and Banque Misr - managed to achieve foreign currency proceeds since the exchange rate liberalization on March 6 surpassing EGP 4.5 ....

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

    Date: 2024-03-21 08:45:26 GMT - Egypt - Economy - SN:17 - ID:10632515

    CAIRO, March 21 (MENA) - The dollar exchange rate was stable at the start of Wednesday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), the dollar rate registered EGP 46.93 for buying and EGP 47.03 for selling. At ....

  • MENA Agenda on Thursday, March 21

    Date: 2024-03-21 06:56:32 GMT - Egypt - Economy - SN:5 - ID:10632381

    CAIRO, Foreign Minister Sameh Shoukry meets with US Secretary of State Antony Blinken. Shoukry is scheduled to hold a joint press conference with Blinken. CAIRO, Foreign Minister Sameh Shoukry attends an Arab ministerial meeting, in Cairo, which ....

  • GIZ organizes 5-day training camp to support 4IR technologies in Egypt

    Date: 2024-03-20 17:59:46 GMT - Egypt - Economy - SN:56 - ID:10631992

    CAIRO, March 20 (MENA) - The German Corporation for International Cooperation (GIZ) has organized a training camp in support of 4th industrial revolution (4IR) technologies and electronics developments in Egypt. The five-day camp, organized as ....

  • 37 container ships, cargo vessels handled at Damietta Port in 24 hours

    Date: 2024-03-20 16:39:08 GMT - Egypt - Economy - SN:51 - ID:10631971

    DAMIETTA, Egypt, March 20 (MENA) - Damietta Port received seven container ships and cargo vessels over the past 24 hours, including a cargo ship, sailing from Russia under the flag of Malta, and loaded with about 63,000 tons of wheat. Meanwhile, ....

  • New glass factory, solar energy plant established in Ain Sokhna - SCZONE

    Date: 2024-03-20 16:09:40 GMT - Egypt - Economy - SN:50 - ID:10631850

    AIN SOUKHNA/ SUEZ, Egypt, March 20 (MENA) – The Suez Canal Economic Zone (SCZONE) announced on Wednesday the laying of the foundation of the third factory of French company Saint-Gobain in the industrial zone in Ain Sokhna. The factory is build ....

  • CBE cancels scheduled meeting of MPC

    Date: 2024-03-20 13:59:18 GMT - Egypt - Economy - SN:41 - ID:10631746

    CAIRO, March 20 (MENA) - The Central Bank of Egypt (CBE) decided cancelling a scheduled meeting of the Monetary Policy Committee (MPC) on March 28, 2024. In a statement on Wednesday, the bank said the decision came in light of the sufficiency of ....

  • BSH to establish home appliances factory in Egypt -- Minister

    Date: 2024-03-20 13:11:15 GMT - Egypt - Economy - SN:38 - ID:10631646

    CAIRO, March 20 (MENA) – Trade and Industry Minister Ahmed Samir met Wednesday with a delegation of BSH Hausgeräte led by regional director Gokhan Sigin. The meeting took up BSH current and future plans to invest and expand on the Egyptian ....

  • Bourse indexes show mixed performance

    Date: 2024-03-20 12:43:06 GMT - Egypt - Economy - SN:37 - ID:10631595

    CAIRO, March 20 (MENA) - Egyptian Exchange (EGX) indexes showed mixed performance at the close of Wednesday's trading session, amid the continued strong performance of major and leading stocks and profit-making operations on shares of small and ....

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