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Economy
- Service : English General
- Category : Economy
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OPEN// PM: Egypt to invest $1.25 bln in gas projects for 2025/2026
Date: 2025-02-26 21:06:23 GMT - Egypt - Economy - SN:57 - ID:11084113
CAIRO, Feb 26 (MENA) – The Egyptian Natural Gas Holding Company (EGAS) plans to invest $1.25 billion in 2025/2026 to boost gas production, with a target of 630 million cubic feet per day. The meeting, held during the general assembly of EGAS, ....
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Investment min. urges Dubai Ports Authority to expand its business in Egypt
Date: 2025-02-26 20:36:58 GMT - Egypt - Economy - SN:53 - ID:11083985
CAIRO, Feb 26 (MENA) - Minister of Investment and Foreign Trade Hassan El-Khatib said the state is working on more reforms to fiscal, monetary, trade and procedural policies to create a business-friendly environment, and streamline investment ....
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Elsewedy Electric wins contract for Hungary’s largest power plant
Date: 2025-02-26 20:20:21 GMT - Egypt - Economy - SN:50 - ID:11083991
CAIRO, Feb 26 (MENA) – Elsewedy Electric announced that it had secured a contract to build Hungary’s largest combined-cycle power plant (CCPP), marking its first major investment in Europe. The contract was awarded by MVM Mátra Energia Zrt, a ....
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SCZone inks usufruct contract for $12 mln gypsum factory in Wadi Al-Technologia
Date: 2025-02-26 19:10:55 GMT - Egypt - Economy - SN:46 - ID:11083882
CAIRO, Feb 26 (MENA) - Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal El-Din signed a usufruct contract with Chairman of Industrial House for Building Materials Yasser Ayoub, to build a new gypsum products factory in Wadi ....
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Egypt allocates EGP 85 bln for salary, pension increases from July
Date: 2025-02-26 19:04:40 GMT - Egypt - Economy - SN:44 - ID:11083986
CAIRO, Feb 26 (MENA) – Finance Minister Ahmed Kouchouk announced that Egypt will allocate between EGP 80 to 85 billion for salary and pension increases starting July 2025. During a press conference following the weekly Cabinet meeting, Kouchouk ....
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OPEN// Value of social protection programs to rise to EGP 40 bln by end of June: Finance min.
Date: 2025-02-26 18:55:39 GMT - Egypt - Economy - SN:41 - ID:11083880
CAIRO, Feb 26 (MENA) - Minister of Finance Ahmed Kouchouk said the value of social protection programs will increase from EGP 35 billion to 40 billion between March and the end of June, targeting the most vulnerable groups The minister made the ....
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OPEN// PM: Egypt attracts $2.7 bln in FDI in Q1 of FY 2024-2025
Date: 2025-02-26 18:39:05 GMT - Egypt - Economy - SN:40 - ID:11083877
CAIRO, Feb 26 (MENA) – Prime Minister Mostafa Madbouli announced that Egypt attracted $2.7 billion in foreign direct investment (FDI) in the first quarter of fiscal year 2024-2025. In a press briefing following the weekly Cabinet meeting, ....
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Investment min. briefs 50 foreign companies on investment features in Egypt
Date: 2025-02-26 18:23:29 GMT - Egypt - Economy - SN:39 - ID:11083885
CAIRO, Feb 26 (MENA) - Minister of Investment and Foreign Trade Hassan el Khatib briefed delegates of some 50 foreign companies on the most salient investment features in Egypt. His meeting with them aimed to explain the state’s target to enhance ....
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EGPC board reviews strategies to ramp up oil, gas output
Date: 2025-02-26 15:05:27 GMT - Egypt - Economy - SN:31 - ID:11083557
CAIRO, Feb 26 (MENA) - The Board of Directors of the Egyptian General Petroleum Corporation (EGPC) held its meeting on Wednesday via video conference chaired by Minister of Petroleum and Mineral Resources Karim Badawi. During the meeting, EGPC’s ....
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EGX shows mixed performance at close of Wednesday's trading
Date: 2025-02-26 14:55:04 GMT - Egypt - Economy - SN:30 - ID:11083554
CAIRO, Feb 26 (MENA) - Egyptian Exchange (EGX) indices showed mixed performance at the close of Wednesday's trading session. The market capital reached EGP 2.270 trillion after total transactions amounted to approximately EGP 32.8 billion. The ....
