Economy

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  • Category : Economy
  • Africa could make €1 trillion of Green Hydrogen a year, EIB says

    Date: 2022-12-27 10:37:01 GMT - Egypt - Economy - SN:25 - ID:9941347

    CAIRO, Dec 27 (MENA) - The Egyptian Cabinet's Information and Decision Support Center (IDSC) said that Africa has the potential to produce €1-trillion (R18.3-trillion) worth of green hydrogen a year by 2035, allowing it to export the fuel and boost ....

  • UAB: Egyptian banking sector achieves great success in five years

    Date: 2022-12-27 09:11:44 GMT - Egypt - Economy - SN:17 - ID:9941116

    CAIRO, Dec 27 (MENA) - The Union of Arab Banks (UAB) said the Egyptian banking sector achieved a great success and impressive results during the past five years. In a statement on Tuesday, the Union said that the data published by the Central ....

  • Dollar prices stable at Egypt's major banks at early Tuesday's transactions

    Date: 2022-12-27 09:00:19 GMT - Egypt - Economy - SN:15 - ID:9941246

    CAIRO, Dec 27 (MENA) - The dollar exchange rate was stable at the beginning of Tuesday transactions at Egypt's major banks. The dollar price witnessed great change against Egyptian pound in the past period. Dollar exchange rate rose between 50-60 ....

  • Global (1): Huawei Datacom Named a Leader in the 2022 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure

    Date: 2022-12-27 08:40:52 GMT - China - Economy - SN:14 - ID:9941192

    Dear subscribers, the following is a global bulletin published for PRNewswire:‎ ‎ ================================================================ SHENZHEN, China, Dec. 27, 2022 /PRNewswire/ -- Huawei announced that it was named a Leader in the ....

  • CBE: Egypt banks to close Sunday 1st Jan. for end of fiscal year

    Date: 2022-12-27 08:34:45 GMT - Egypt - Economy - SN:13 - ID:9941190

    CAIRO, Dec 27 (MENA) - The Central Bank of Egypt (CBE) announced Tuesday that banks will be off on Sunday, 1st of January, on the occasion of end of the fiscal year. CBE added in a statement that work at banks will be resumed on Monday, January ....

  • Work under way in new locations for phosphate in New Valley

    Date: 2022-12-26 17:17:58 GMT - Egypt - Economy - SN:67 - ID:9940626

    EL KHARGA, New Valley, Egypt, Dec 26 (MENA) - Efforts are under way to implement directives issued by Petroleum and Mineral Resources Minister Tarek el Molla to start work in new locations for phosphate in New Valley, said Chairman of Misr Phosphate ....

  • CBE: Legal measures taken against illegal practices in foreign exchange market

    Date: 2022-12-26 14:49:07 GMT - Egypt - Economy - SN:57 - ID:9940428

    CAIRO, Dec 26 (MENA) - The Central Bank of Egypt (CBE) has spotted several illegal practices as regards the foreign exchange market, which primarily aim to disturb the balances in the financial system. In a statement, a copy of which was obtained ....

  • EGX gains EGP 13.2 bn, all indexes up

    Date: 2022-12-26 13:54:19 GMT - Egypt - Economy - SN:52 - ID:9940334

    CAIRO, Dec 26 (MENA) - Egyptian Exchange (EGX) indexes went up collectively at the close of Monday's trading, pushed by wide-scale purchases from shares of mega and leading companies. The market capital gained about EGP 13.2 billion to close at ....

  • EGX 'best' performer among Arab bourses: EGX chairman

    Date: 2022-12-26 13:49:46 GMT - Egypt - Economy - SN:50 - ID:9940274

    CAIRO, Dec 26 (MENA) - Egypt's stock exchange, (EGX) holds an advanced position among Arab bourses, said its Chairman Rami el Dokani. During a workshop held on carbon markets on Monday, Dokani added that Egypt has launched the first African ....

  • S. Korean ambassador, minister discuss development cooperation projects

    Date: 2022-12-26 12:48:29 GMT - Egypt - Economy - SN:48 - ID:9940201

    CAIRO, Dec 26 (MENA) - South Korean Ambassador in Cairo Hong Jin Wook said on Monday that Egypt became an important partner for South Korean official development assistance (ODA). During his meeting with International Cooperation Minister Rania ....

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