Economy

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  • Category : Economy
  • PM reviews efforts of upping Egyptian exports to foreign markets

    Date: 2022-12-18 15:02:14 GMT - Egypt - Economy - SN:52 - ID:9928256

    CAIRO, Dec 18 (MENA) - Prime Minister Mostafa Madbouli has said the state adopts definite policies to increase the volume of exports to foreign markets, especially the African ones, upon the directives of President Abdel Fattah El Sisi, through ....

  • ECMI chief: We target increasing medical industries' exports by 30% in 2023

    Date: 2022-12-18 14:52:49 GMT - Egypt - Economy - SN:50 - ID:9928034

    CAIRO, Dec 18 (MENA) - Chairman of the Egyptian Export Council of Medical Industries (ECMI) Maged George said the council targets increasing its exports in 2023 by 30%. In statements on Sunday, George added that Egypt's exports of medical ....

  • ECS: Egypt's exports of medicla industries hit USD 632 mln in Jan-Aug 2022

    Date: 2022-12-18 13:34:51 GMT - Egypt - Economy - SN:49 - ID:9928035

    CAIRO, Dec 18 (MENA) - Head of the Egyptian Commercial Service (ECS) Yehia El-Wathiq Bellah announced that Egypt's exports of medicla industries hit USD 632 million from January to August 2022, while the country's imports of medical products reached ....

  • All EGX indexes inch down on profit-taking

    Date: 2022-12-18 13:31:23 GMT - Egypt - Economy - SN:44 - ID:9928154

    CAIRO, Dec 18 (MENA) - The Egyptian Exchange (EGX) indexes went down collectively at the close of Sunday's trading, amid profit-taking operations by Arab and foreign investors. Meanwhile, selective purchases were reported among Egyptian ....

  • 7th Arab Housing Conference kicks off in Egypt

    Date: 2022-12-18 09:47:14 GMT - Egypt - Economy - SN:27 - ID:9927610

    CAIRO, Dec 18 (MENA) - The 7th Arab Housing Conference entitled “Towards Smart Sustainable Cities that Achieve Quality of Life” kicked off Sunday at the New Administrative Capital (NAC). The three-day event is being held on the sidelines of the ....

  • ECS: Malaysia mulls setting up Palm Oil production plant worth dlrs 30 mn in SCZONE

    Date: 2022-12-18 09:07:31 GMT - Egypt - Economy - SN:23 - ID:9927487

    CAIRO, Dec 18 (MENA) - Head of the Egyptian Commercial Service (ECS) Yahya Elwathik Bellah Ahmed said a Malaysian company is currently discussing the possibility of establishing a dlrs 30 million-project for producing Palm Oil, at the Suez Canal ....

  • Dollar price stable at Egypt's major banks

    Date: 2022-12-18 09:06:09 GMT - Egypt - Economy - SN:21 - ID:9927549

    CAIRO, Dec 18 (MENA) - The US dollar exchange rate was stable at the beginning of Sunday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 24.61 for buying and EGP 24.66 for ....

  • Finance ministry getting ready to launch incentive program

    Date: 2022-12-17 10:17:06 GMT - Egypt - Economy - SN:25 - ID:9926319

    CAIRO, Dec 17 (MENA) – Finance Minister Mohamed Maait said that the Ministry of Finance and the Egyptian Tax Authority are getting ready to launch an incentive program under the rubric “your bill, your protection, your prize” which is the first ....

  • IMF Executive Board approves 46-month US$3 billion extended arrangement for Egypt 4 last Washington

    Date: 2022-12-17 02:49:35 GMT - USA - Economy - SN:4 - ID:9926026

    “The authorities’ economic program supported by the 46-month EFF arrangement provides a credible policy package to reduce imbalances, maintain macroeconomic stability, restore buffers and improve resilience against shocks, and pave the way for ....

  • IMF Executive Board approves 46-month US$3 billion extended arrangement for Egypt 3 Washington

    Date: 2022-12-17 02:49:16 GMT - USA - Economy - SN:3 - ID:9926025

    Following the Executive Board discussion, Ms. Kristalina Georgieva, Managing Director and Chairman of the Board, made the following statement: “Egypt showed resilience to the COVID-19 crisis, supported by previous Fund-supported programs. While ....

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