Economy

  • Service : English General
  • Category : Economy
  • Bourse shows mixed performance at end of Sunday's trading session

    Date: 2023-07-16 13:57:15 GMT - Egypt - Economy - SN:57 - ID:10258349

    CAIRO, July 16 (MENA) – Egyptian Exchange (EGX) indexes showed mixed performance at the end of Sunday's trading session, amid purchases by local institutions and investment funds against selling operations by foreign and Arab institutions. The ....

  • Egypt Mining Forum to kick off Tuesday

    Date: 2023-07-16 13:30:21 GMT - Egypt - Economy - SN:53 - ID:10257937

    CAIRO, July 16 (MENA) - The Egypt Mining Forum 2023 will kick off on Tuesday under the theme of "Building upon 120 years of geological discoveries for a de-carbonised and sustainable future". In statements on Sunday, Minister of Petroleum and ....

  • PM, GAFI head discuss granting golden license to some investors

    Date: 2023-07-16 13:02:30 GMT - Egypt - Economy - SN:50 - ID:10258240

    NEW ALAMEIN, Egypt, July 16 (MENA) - Prime Minister Mostafa Madbouli held a meeting on Sunday with CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba to discuss granting the golden license to some investors for starting ....

  • E-JUST wins outstanding global entrepreneurship award

    Date: 2023-07-16 10:35:10 GMT - Egypt - Economy - SN:37 - ID:10257853

    ALEXANDRIA, Egypt, July 16 (MENA) - President of Egypt-Japan University of Science and Technology (E-JUST) Amr Adly announced that the university has won a global Entrepreneurship Education Excellence award. In a statement issued Sunday, the ....

  • IMF welcomes Egypt's selling of equity stakes in state-owned entities

    Date: 2023-07-16 08:43:27 GMT - USA - Economy - SN:19 - ID:10257657

    WASHINGTON, July 16 (MEMNA) - Spokeswoman for the International Monetary Fund (IMF) Julie Kozack welcomed on Sunday the Egyptian government's announcement of signing 1.9-billion dollar deals to sell equity stakes in state-owned entities. ....

  • Dollar prices stable at major Egyptian banks

    Date: 2023-07-16 08:09:27 GMT - Egypt - Economy - SN:14 - ID:10257580

    CAIRO, July 16 (MENA) - The exchange rate of the US dollar against the Egyptian pound was stable at the beginning of Sunday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP ....

  • Egypt's banks off for 4 days over new Hijri Year, July 23 Revolution anniversary

    Date: 2023-07-16 07:55:30 GMT - Egypt - Economy - SN:13 - ID:10257630

    CAIRO, July 16 (MENA) - The Central Bank of Egypt announced on Sunday a four-day holiday on the occasion of the new Hijri Year and July 23 Revolution anniversary. The holiday will start on Thursday, July 20, and ends on Sunday, July 23, the bank ....

  • Banque Misr to establish Egypt's first digital bank

    Date: 2023-07-15 17:24:39 GMT - Egypt - Economy - SN:52 - ID:10257158

    CAIRO, July 15 (MENA) - The Central Bank of Egypt's decision to issue rules for licencing and registering digital banks, as well as monitoring and supervising them, is an excellent step in the right direction towards increasing financial inclusion ....

  • Egypt can entice major international companies - IDA

    Date: 2023-07-15 14:44:06 GMT - Egypt - Economy - SN:42 - ID:10257000

    CAIRO, July 15 (MENA) - Egypt has promising investment potentials and opportunities that can attract major international companies to invest in the country, Chairman of the Industrial Development Authority (IDA) Mohamed Abdel Karim told a US company ....

  • Trade min. upholds ban on export of oxygen for year

    Date: 2023-07-15 12:52:24 GMT - Egypt - Economy - SN:34 - ID:10256645

    CAIRO, July 15 (MENA) - Minister of Trade and Industry Ahmed Samir on Saturday maintained the ban imposed on the export of oxygen for a year as of July 15, except with the approval of the Ministry of Health. An official decree will be published ....

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