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Economy
- Service : English General
- Category : Economy
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Petroleum ministry: Dlrs 535mln in investments to develop Zohr gas field for FY 2024-25
Date: 2024-03-11 14:07:10 GMT - Egypt - Economy - SN:42 - ID:10620086
CAIRO, March 11 (MENA) - PetroShorouk Company announced the new investment budget for the fiscal year 2024-2025 that includes investments worth dlrs 535 million to implement Zohr gas field development activities. The budget will also continue ....
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Sisi directs to continue implementing plan to improve performance of companies, factories
Date: 2024-03-11 13:03:36 GMT - Egypt - Economy - SN:36 - ID:10619955
CAIRO, March 11 (MENA) - President Abdel Fattah El Sisi ordered to continue implementing a plan to improve the performance of companies and factories, affiliated with the public business sector. This came during a meeting on Monday with Prime ....
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Egypt's commodity exports surged by 6% in January, February, says min.
Date: 2024-03-11 13:00:54 GMT - Egypt - Economy - SN:35 - ID:10619956
CAIRO, March 11 (MENA) - Minister of Trade and Industry Ahmed Samir said Egypt's commodity exports registered USD 6.1 billion in January and February 2024, against USD 5.7 billion in the same period of 2023, marking an increase of 6%. Samir ....
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Bourse indexes show mixed performance
Date: 2024-03-11 12:17:33 GMT - Egypt - Economy - SN:28 - ID:10619888
CAIRO, March 11 (MENA) - Egyptian Exchange (EGX) indexes showed mixed performance at the close of Monday'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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Egypt’s trade deficit ups 17.8% in December: CAPMAS
Date: 2024-03-11 11:14:46 GMT - Egypt - Economy - SN:20 - ID:10619672
CAIRO, March 11 (MENA) - Egypt’s trade deficit increased by 17.8 % to reach dlrs 3.03 billion in December 2023, compared with dlrs 2.57 billion in the same month in 2022, according to data released by the Central Agency for Public Mobilization and ....
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Dollar exchange rate stable at beginning of Monday's transactions
Date: 2024-03-11 09:12:18 GMT - Egypt - Economy - SN:14 - ID:10619589
CAIRO, March 11 (MENA) - The dollar exchange rate was stable at the start of Monday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), the dollar rate registered EGP 49.10 for buying and EGP 49.20 for selling. The ....
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51,000 tons of goods handled at Red Sea Ports
Date: 2024-03-11 08:57:14 GMT - Egypt - Economy - SN:13 - ID:10619564
HURGHADA, Egypt, March 11 (MENA) - About 51,000 tons of goods were handled at the different Red Sea harbors on Monday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 4,500 tons of goods, 483 trucks and 92 ....
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Public business min. probes investment opportunities with Norway
Date: 2024-03-10 21:20:35 GMT - Egypt - Economy - SN:68 - ID:10619291
CAIRO, March 10 (MENA) - Minister of Public Business Sector Mahmoud Esmat and Norwegian Ambassador in Cairo Hilde Klemetsdal reviewed Sunday mutual cooperation aspects and joint investment opportunities, especially in the new and renewable energy ....
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Egypt targets surplus of 3.5% in 2024/25 budget
Date: 2024-03-10 16:26:51 GMT - Egypt - Economy - SN:51 - ID:10618971
CAIRO, March 10 (MENA) - Minister of Finance Mohamed Maait said Sunday the new budget 2024/25 targets a surplus of 3.5%. He added in a press conference that Egypt aims to achieve a primary surplus of no less than 3.5% and reduce the debt rate for ....
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Petroleum Ministry: Gastec sales record 576.4mn cubic meters in 2023
Date: 2024-03-10 16:18:31 GMT - Egypt - Economy - SN:50 - ID:10618882
CAIRO, MARCH 10 (MENA) - Sales of the Egyptian International Gas Technology Company (Gastec) increased to nearly 576.4 million cubic meters of natural gas in 2023, accounting for 43 percent of the total market's share. The share is the highest ....
