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Economy
- Service : English General
- Category : Economy
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Egypt’s GDP surges 552% over decade; FDI nears $46 bln - CAPMAS
Date: 2025-07-06 17:09:27 GMT - Egypt - Economy - SN:36 - ID:11247379
CAIRO, July 7 (MENA) - The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the country’s gross domestic product (GDP) at market prices reached EGP 13,902.6 billion in FY 2023/2024, compared to EGP 2,130 billion in FY ....
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CAPMAS: Egypt’s trade exchange with BRICS up 19.5% in 2024
Date: 2025-07-06 17:04:43 GMT - Egypt - Economy - SN:35 - ID:11247522
CAIRO, July 6 (MENA) – Egyptian trade exchange with members of BRICS increased 19.5% in 2024, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported. BRICS, grouping Brazil, Russia, India, China, and South Africa, along with ....
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CBE hosts stress testing workshop for COMESA central banks
Date: 2025-07-06 15:05:35 GMT - Egypt - Economy - SN:30 - ID:11247402
CAIRO, July 6 (MENA) – The Central Bank of Egypt (CBE) hosted a five-day training program in Cairo on micro and macro stress testing for central banks, in cooperation with the COMESA Monetary Institute. The bank said in a statement on Sunday that ....
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Investment min. praises Turkish textile firm's $75 mln expansion, eyes POY plant launch
Date: 2025-07-06 14:56:12 GMT - Egypt - Economy - SN:29 - ID:11247289
CAIRO, July 6 (MENA) – Investment and Foreign Trade Minister Hassan El Khatib said the government will fully support Turkish textile group KCG’s investment expansion, including a planned POY (partially oriented yarn) production plant, reinforcing ....
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Cairo airport handled 2.39 million passengers in June
Date: 2025-07-06 14:16:59 GMT - Egypt - Economy - SN:26 - ID:11247403
CAIRO, July 6 (MENA) - Cairo International Airport recorded a busy month in June 2025, handling a total of 2,390,855 passengers across 17,919 flights. According to airport data, 1,098,938 passengers departed on 8,934 flights, while 1,291,917 others ....
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Bourse indices up at close of Sunday's trading
Date: 2025-07-06 13:47:01 GMT - Egypt - Economy - SN:21 - ID:11247278
CAIRO, July 6 (MENA) - Egyptian Exchange (EGX) indices posted collective gains at the close of Sunday transactions prompted by purchases by local investment funds and institutions and investors against sales by Arab and foreign funds and ....
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Finance min.: BRICS envisaged to provide greater support for emerging economies
Date: 2025-07-06 13:42:37 GMT - Egypt - Economy - SN:20 - ID:11247151
CAIRO, July 6 (MENA) – Finance Minister Ahmed Kouchouk Sunday said that a great support is anticipated from the BRICS group to emerging economies amid the mounting global challenges and uncertainties. Kouchouk added that unilateral measures are ....
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Cabinet launches ambitious strategy to localize automotive industry
Date: 2025-07-06 11:41:26 GMT - Egypt - Economy - SN:18 - ID:11247112
CAIRO, July 6 (MENA) - The Cabinet’s Information and Decision Support Center (IDSC) on Sunday said that the government has an ambitious national strategy to localize national automotive industry, with a view to meeting local market demand and boost ....
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Fianance min.: BRICS envisaged to find innovative solutions to global debt crisis
Date: 2025-07-06 10:45:54 GMT - Egypt - Economy - SN:16 - ID:11246997
CAIRO, July 6 (MENA) – Finance Minister Ahmed Kouchouk on Sunday said that a greater role is anticipated by the BRICS group in creating innovative solutions to the global debt crisis, particularly for middle-income countries. Addressing the ....
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State working to raise industrial sector’s GDP contribution to 20% by 2030: Industry min.
Date: 2025-07-05 17:02:45 GMT - Egypt - Economy - SN:51 - ID:11246457
CAIRO, July 5 (MENA) – The urgent industrial development plan, approved by President Abdel Fattah El Sisi on August 7, 2024, seeks to increase the industrial sector’s annual contribution to GDP from 14% to 20% by 2030, Minister of Industry and ....
