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Economy
- Service : English General
- Category : Economy
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100% of shares of Tamweely Microfinance Company sold to int'l consortium at value of over EGP 2.5 bln
Date: 2024-09-08 20:34:49 GMT - Egypt - Economy - SN:69 - ID:10862329
CAIRO, Sept 8 (MENA) – Minister of Planning, Economic Development and International Cooperation Rania el Mashat and Minister of Investment and Foreign Trade Hassan El Khatib have witnessed the signing of an agreement that sees the exit of Tamweely ....
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Egypt, Methanex mull plans to produce green methanol
Date: 2024-09-08 18:42:13 GMT - Egypt - Economy - SN:62 - ID:10861848
CAIRO, Sept 8 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi met Sunday with a delegation representing Methanex Corporation; a leading Canadian company that supplies, distributes and markets methanol worldwide. The two sides ....
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Finance ministry auctions T-bills worth EGP 60 bln
Date: 2024-09-08 18:17:16 GMT - Egypt - Economy - SN:60 - ID:10862199
CAIRO, Sept 8 (MENA) - The Ministry of Finance on Sunday auctioned treasury bills at a total value of EGP 60 billion. In an online statement, the ministry said it sold 91-day T-bills worth EGP 40 billion, with an average yield of 29.809 ....
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Top priority to spend on human development, economic performance boost - PM
Date: 2024-09-08 17:45:39 GMT - Egypt - Economy - SN:58 - ID:10862129
CAIRO, Sept 8 (MENA) - Spending priority in the upcoming period will focus on human development, alongside efforts to improve economic performance indicators, give more space to the private sector, and improve citizens' living standards, Prime ....
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PM: Investment portfolio of IFC projects in Egypt exceeds $2 bln
Date: 2024-09-08 16:41:52 GMT - Egypt - Economy - SN:53 - ID:10861986
CAIRO, Sept 8 (MENA) - Prime Minister Moustafa Madbouli on Sunday said that the investment portfolio of the International Finance Corporation (IFC)'s projects in Egypt has surpassed two billion dollars in various sectors, topped by the strategic ....
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Sudan tops countries receiving Egyptian exports over last week
Date: 2024-09-08 14:41:05 GMT - Egypt - Economy - SN:44 - ID:10861772
CAIRO, Sept 8 (MENA) - As many as 318 companies received 341 export permits for agricultural products from August 31 to September 6, the National Food Safety Authority (NFSA) reported Sunday. During the week, exported food shipments reached ....
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Sisi presses for ensuring facilitations to boost investment rates
Date: 2024-09-08 14:07:14 GMT - Egypt - Economy - SN:42 - ID:10861817
CAIRO, Sept 8 (MENA) - President Abdel Fattah El Sisi on Sunday directed securing necessary facilitations to reinforce investment rates and stimulate the Egyptian and foreign private sectors. He stressed the need to build on the growth of foreign ....
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Petroleum Ministry: New western desert well to produce 15mn cubic feet of gas daily
Date: 2024-09-08 13:09:08 GMT - Egypt - Economy - SN:40 - ID:10861744
CAIRO, Sept 8 (MENA) - Badr Petroleum Co. (Bapetco) announced Sunday that an exploration well, X10, in the western desert is set to produce 15 million cubic feet of gas and 550 barrels of oil per day. Petroleum Minister Karim Badawy praised ....
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EGX indexes down at end of Sunday trading
Date: 2024-09-08 12:24:54 GMT - Egypt - Economy - SN:38 - ID:10861706
CAIRO, Sept 8 (MENA) - Egyptian Exchange (EGX) indexes posted collective losses Sunday on the back of sales by Arab and local institutions and investment funds. The market capital reached 2.074 trillion pounds after transactions that totaled EGP ....
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Dollar exchange rate declines at start of Sunday's transactions
Date: 2024-09-08 09:33:50 GMT - Egypt - Economy - SN:18 - ID:10861338
CAIRO, Sept 8 (MENA) - The dollar exchange rate inched down during Sunday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), the dollar price reached EGP 48.39 for buying and EGP 48.49 for selling. At Banque Misr, the ....
