Economy

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  • Category : Economy
  • IMF's currency re-liberalization statement dates back to January – PM - 2 last Cairo

    Date: 2024-10-23 17:24:23 GMT - Egypt - Economy - SN:60 - ID:10923753

    Madbouli also denied rumors about the State's obligations and debt installments. He said that the State has never defaulted on a single installment, despite difficult circumstances and challenges. “We have a clear vision that we follow and we ....

  • IMF's currency re-liberalization statement dates back to January - PM

    Date: 2024-10-23 17:12:34 GMT - Egypt - Economy - SN:59 - ID:10923623

    CAIRO, Oct 23 (MENA) – The International Monetary Fund (IMF) has, in all of its recent statements, applauded the monetary policy pursued by the Egyptian State, Prime Minister Madbouli said. Egypt is on the right track on that score, Madbouli told ....

  • Petroleum min.: 1.4m barrels of oil equivalent during Q1 of FY 2024-2025

    Date: 2024-10-23 16:42:01 GMT - Egypt - Economy - SN:57 - ID:10923645

    CAIRO, Oct 23 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi said Wednesday 1.4 million barrels of oil equivalent (BOE) were produced per day during the first quarter of FY 2024-2025. In a press conference by the premier today, ....

  • NDB President: NDB seeks promoting use of local currencies

    Date: 2024-10-23 14:33:56 GMT - Russia - Economy - SN:42 - ID:10923491

    KAZAN, Russia, Oct 23 (MENA) - President New Development Bank (NDB) Dilma Rousseff said the bank works on promoting using local currencies among the BRICS member states. During a plenary meeting with leaders of BRICS stattes' delegations, she ....

  • US dollar rises to highest rate since July

    Date: 2024-10-23 09:43:15 GMT - USA - Economy - SN:18 - ID:10922844

    WASHINGTON, Oct 23 (MENA) - The US dollar rose during transactions on Wednesday ahead of the presidential US election due on November 5. The dollar index, which measures the greenback against a basket of currencies, including the yen and the ....

  • 1st factory for biopharmaceuticals in ME region to open in Egypt in Q1 2025 - ACDIMA chief

    Date: 2024-10-23 07:12:37 GMT - Egypt - Economy - SN:10 - ID:10922485

    CAIRO, Oct 23 (MENA) - Board Chairman of the Arab Company for Drug Industries & Medical Appliances (ACDIMA) Olfat Ghorab said the first factory for making biopharmaceuticals in the Middle East region will open in Egypt in the first quarter of 2025, ....

  • Internal trade contributes to meeting local market needs: Supply min.

    Date: 2024-10-22 20:06:20 GMT - Egypt - Economy - SN:63 - ID:10922291

    CAIRO, Oct 22 (MENA) - Internal trade contributes to meeting the local market needs, said Supply and Internal Trade Minister Sherif Farouk. The minister's remarks came during his participation in a celebration held by "Talabt", a pioneering ....

  • global 1: Creative Innovation & Investment Shine On Day Two of Global Health Exhibition in Riyadh

    Date: 2024-10-22 18:44:03 GMT - Kingdom of Saudi Arabia - Economy - SN:53 - ID:10922286

    Dear subscribers, the following is a global bulletin published for PRNewswire:‎ ================================================================== World class exhibitors showcase opportunities and challenges posed by frontier-pushing ....

  • Sisi's participation in BRICS summit enhances interests of Global South: Analysts

    Date: 2024-10-22 18:39:52 GMT - Russia - Economy - SN:51 - ID:10922215

    KAZAN, Russia, Oct 22 (MENA) - Egyptian President Abdel Fattah El Sisi's participation in the BRICS summit in the Russian city of Kazan that runs from Tuesday to Thursday will help enhance the development interests of the countries of the Global ....

  • IMF: Additional fees of providing loan to Egypt to be reduced by 48.4% as of Nov.

    Date: 2024-10-22 18:05:10 GMT - Egypt - Economy - SN:47 - ID:10922213

    WASHINGTON, Oct 22 (MENA) - The International Monetary Fund (IMF) said that the additional fees of providing loan to Egypt will be reduced by 48.4% as of November 1st. The IMF also announced reforms that will benefit Egypt directly, including ....

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