Economy

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  • Category : Economy
  • Supply Minister: Egypt, UAE have vast investment opportunities in supply domain

    Date: 2024-08-25 13:15:08 GMT - Egypt - Economy - SN:56 - ID:10843204

    CAIRO, Aug 25 (MENA) - Minister of Supply and Internal Trade Sherif Farouk affirmed the depth and strength of the relations between Egypt and the United Arab Emirates, noting that there are significant investment opportunities in various areas ....

  • Investment minister meet with delegation of Kraft Heinz group

    Date: 2024-08-25 12:46:01 GMT - Egypt - Economy - SN:54 - ID:10843012

    CAIRO, Aug 25 (MENA) - Minister of Investment and Foreign Trade Hassan El Khatib said that he reviewed the efforts of the global "Kraft Heinz" group aimed at transforming its factory in Egypt, which is the group's only factory in the Middle East ....

  • Egypt's bourse shows mixed performance at close of Sunday's trading

    Date: 2024-08-25 12:14:49 GMT - Egypt - Economy - SN:49 - ID:10843113

    CAIRO, Aug 25 (MENA) - Egyptian Exchange (EGX) indices showed mixed performance at the close of Sunday's trading, backed by sales by institutions and Egyptian investment funds and strong purchases by Arab and foreign institutions and Arab, Egyptian ....

  • US dollar exchange rate stable during Sunday's transactions

    Date: 2024-08-25 09:50:12 GMT - Egypt - Economy - SN:31 - ID:10842824

    CAIRO, Aug 25 (MENA) - The US dollar exchange rate was stable during Sunday's transactions at Egypt's major banks. The US dollar exchange reached EGP 48.70 for buying and EGP 48.80 for selling at HSBC. At the National Bank of Egypt (NBE) and ....

  • Consumer complexes to offer fruits, vegetables at reduced prices

    Date: 2024-08-24 19:21:51 GMT - Egypt - Economy - SN:58 - ID:10842286

    CAIRO, Aug 24 (MENA) - Minister of Supply and Internal Trade Sherif Farouk said Saturday that citizens will soon experience the benefits of initiatives designed to allocate spaces within consumer complexes for displaying fruits and vegetables at ....

  • 9,000 tons of goods handled at Red Sea ports

    Date: 2024-08-24 15:46:11 GMT - Egypt - Economy - SN:48 - ID:10842175

    HURGHADA, Egypt, Aug 24 (MENA) - About 9,000 tons of goods were handled at the different Red Sea harbors on Saturday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 600 tons of goods, 154 trucks and 80 ....

  • CAPMAS: Extractive industries index up by 0.07% in June 2024

    Date: 2024-08-24 12:53:46 GMT - Egypt - Economy - SN:39 - ID:10841923

    CAIRO, Aug 24 (MENA) - Egypt’s production index for transformative and extractive industries, excluding crude oil and petroleum products, recorded 108.35 in June 2024 against 108.27 a month earlier with an increase of 0.07 percent, said the Central ....

  • DCODE EFC’s report reflects Egypt’s development on int’l transparency indicators

    Date: 2024-08-24 09:40:51 GMT - Egypt - Economy - SN:18 - ID:10841572

    CAIRO, Aug 24 (MENA) – The Finance Ministry said the recent report released by the Dcode Economic and Financial Consulting (DCODE EFC) on international transparency for 2023 has reflected Egypt’s positive growth and development on this score. ....

  • ‘Time has come’ for US Federal Reserve to cut interest rates, says Powell

    Date: 2024-08-23 17:47:20 GMT - USA - Economy - SN:43 - ID:10841204

    WASHINGTON, Aug 23 (MENA) - “The time has come” for the US Federal Reserve to cut interest rates, its chairman declared, hailing progress in the battle to bring down inflation from its highest level in a generation, The Guardian reported. With ....

  • 31 container, cargo ships handled at Damietta Port

    Date: 2024-08-23 13:30:54 GMT - Egypt - Economy - SN:30 - ID:10840973

    DAMIETTA, Egypt, Aug 23 (MENA) - As many as 31 container ships and cargo vessels were handled at Damietta Port in the past 24 hours. In a statement released on Friday, the Damietta Port Authority said the total volume of exported goods from the ....

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