Economy

  • Service : English General
  • Category : Economy
  • Cabinet reviews progress in trial phase launch of Egypt’s online investment licensing platform

    Date: 2025-06-04 13:30:13 GMT - Egypt - Economy - SN:43 - ID:11207191

    CAIRO, June 4 (MENA) – The Cabinet on Wednesday reviewed, during a meeting chaired by Prime Minister Mustafa Madbouly, progress on the trial launch of a new digital platform for investment licensing, aimed at streamlining procedures and enhancing ....

  • Egypt’s remittances surge 83% to record $26.4 bln in July–March FY 2024/25 – CBE

    Date: 2025-06-04 13:20:32 GMT - Egypt - Economy - SN:42 - ID:11207149

    CAIRO, June 4 (MENA) – Remittances from Egyptians working abroad rose 82.7% year-on-year to a record $26.4 billion in the July–March period of the 2024/25 fiscal year, the central bank said on Wednesday. In a statement, the Central Bank of Egypt ....

  • OPEN// EGX gains EGP 17 bn in last trading session ahead of Eid al Adha vacation

    Date: 2025-06-04 12:49:22 GMT - Egypt - Economy - SN:38 - ID:11207345

    CAIRO, June 4 (MENA) - Egyptian Exchange (EGX) indices posted collective gains at the close of Wednesday transactions - ahead of Eid al Adha holiday - prompted by purchases by local and foreign investment funds and institutions and foreign investors ....

  • EgyptAir CEO says keen on strengthening partnerships with leading global airlines

    Date: 2025-06-04 12:12:35 GMT - Egypt - Economy - SN:33 - ID:11207157

    CAIRO, June 4 (MENA) – Chairman and CEO of EgyptAir Holding Co. Ahmed Adel held a series of productive bilateral meetings with CEOs of major international airlines, service providers, and aircraft engine manufacturers to explore avenues for ....

  • Egypt’s annual inflation rises to 16.5% in May, driven by food and transport costs

    Date: 2025-06-04 11:41:44 GMT - Egypt - Economy - SN:28 - ID:11207175

    CAIRO, June 4 (MENA) – Egypt’s annual inflation rate rose to 16.5% in May 2025, up from 13.5% in April, the state statistics agency CAPMAS said on Wednesday, citing broad price increases across food, transport, housing, and health services. The ....

  • Planning minister discusses with OECD chief boosting cooperation

    Date: 2025-06-04 11:12:30 GMT - France - Economy - SN:27 - ID:11207065

    PARIS/CAIRO, June 4 (MENA) - Minister of Planning, Economic Development and International Cooperation Rania Al Mashat discussed with Secretary General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann ways to ....

  • 28 container, cargo ships handled at Damietta Port

    Date: 2025-06-04 08:57:39 GMT - Egypt - Economy - SN:18 - ID:11205354

    DAMIETTA, Egypt, June 4 (MENA) - As many as 28 container ships and cargo vessels were handled at Damietta Port in the past 24 hours. In a statement released Wednesday, Damietta Port Authority said, the total trade volume of imported goods into ....

  • 13,000 tons of goods handled at Red Sea ports

    Date: 2025-06-04 07:12:23 GMT - Egypt - Economy - SN:11 - ID:11206646

    HURGHADA, Egypt, June 4 (MENA) - Some 13,000 tons of goods were handled at Red Sea ports over the past 24 hours. In a statement released on Wednesday, the Red Sea Port Authority (RSPA) said, the total volume of exported goods from the port amounted ....

  • Egypt, France cooperate to expand use of renewable energy - ministry

    Date: 2025-06-03 22:00:00 GMT - Egypt - Economy - SN:99 - ID:11206448

    CAIRO, June 3 (MENA) - Minister of Electricity and Renewable Energy Mahmoud Esmat has concluded his visit to France by meeting with officials from the EDF Group, led by Chairperson of EDF Renewables Béatrice Buffon. The meeting touched on ways to ....

  • Agriculture min. says Egypt achieves bread wheat self-sufficiency in 2025

    Date: 2025-06-03 21:47:29 GMT - Egypt - Economy - SN:98 - ID:11206463

    CAIRO, June (MENA) – Minister of Agriculture and Land Reclamation Alaa Farouk announced that Egypt has achieved self-sufficiency in wheat used for subsidized bread, with over 3.1 million feddans cultivated and up to 10 million tons harvested this ....

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