Economy

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  • Category : Economy
  • Madbouli: special attention given to SCZONE within national strategy to support industry

    Date: 2024-10-17 16:59:44 GMT - Egypt - Economy - SN:58 - ID:10915792

    CAIRO, Oct 17 (MENA) - Prime Minister Mostafa Madbouli said Thursday the state gives special attention to the Suez Canal Economic Zone (SCZONE), within the framework of the national strategy to support the industrial sector. This came during ....

  • CBE keeps key interest rates unchanged

    Date: 2024-10-17 16:37:54 GMT - Egypt - Economy - SN:57 - ID:10915867

    CAIRO, Oct 17 (MENA) - The Central Bank of Egypt’s Monetary Policy Committee (MPC) on Thursday decided to keep key interest rates unchanged. The decision leaves the overnight deposit, overnight lending, and main operation rates at 27.25%, 28.25%, ....

  • Investment minister visits Brussels for promoting trade with EU

    Date: 2024-10-17 16:05:40 GMT - Egypt - Economy - SN:53 - ID:10915720

    CAIRO, Oct 17 (MENA) - Minister of Investment and Foreign Trade Hassan el Khatib has paid a visit to the Belgian capital Brussels, where he held a number of meetings with senior officials from the European Union, Belgium, as well as the Belgian and ....

  • Trade exchange between Egypt, Saudi Arabia hits 47.7 billion dollars in 6 years, says marble association

    Date: 2024-10-17 15:07:51 GMT - Egypt - Economy - SN:51 - ID:10915510

    CAIRO, Oct 17 (MENA) - President of the Egyptian-African Association for the Marble and Granite Industry Mohamed Aref asserted Saudi Arabia and Egypt are enjoying flourishing economic and trade relations. The trade exchange volume between Egypt ....

  • PM follows up executive situation of Egyptian-Saudi electricity interconnection project

    Date: 2024-10-17 15:03:08 GMT - Egypt - Economy - SN:50 - ID:10915712

    CAIRO, Oct 17 (MENA) - Prime Minister Mostafa Madbouli emphasized the great priority the government is giving to finalizing phase one of the Egyptian-Saudi electricity interconnection project in next May. The project will have a capacity of 1,500 ....

  • EIB pledges fresh investments in Egypt's water sector, 3 last Cairo

    Date: 2024-10-17 14:58:43 GMT - Egypt - Economy - SN:49 - ID:10915614

    Project Manager at the European Investment Bank (EIB) Ascanio-Caracciolo-Di-Melissano affirmed the bank's commitment to carrying out innovative water projects and climate change adaptation programs in Egypt, along with protecting coastal areas, like ....

  • Dollar exchange rate up during Thursday's transactions

    Date: 2024-10-17 14:40:13 GMT - Egypt - Economy - SN:43 - ID:10915481

    CAIRO, Oct 17 (MENA) - The dollar exchange rate inched up during Thursday's transactions at Egypt's major banks, hitting 48.50 for buying and 48.75 for selling. At the National Bank of Egypt (NBE) and Banque Misr, the dollar price reached EGP ....

  • Planning min. says Egypt-Spain development cooperation portfolio hit $867 mln in 3 years

    Date: 2024-10-17 14:37:22 GMT - Egypt - Economy - SN:42 - ID:10915476

    CAIRO, Oct 17 (MENA) - Minister of Planning, Economic Development and International Cooperation Rania el Mashat said the 2020-2023 development cooperation portfolio between Egypt and Spain covered seven projects worth USD 867 million. Mashat ....

  • EIB pledges fresh investments in Egypt's water sector, 2 Cairo

    Date: 2024-10-17 14:08:58 GMT - Egypt - Economy - SN:40 - ID:10915557

    The European Bank for Reconstruction and Development (EBRD) has been collaborating with Egypt since 2012, channeling more than 1.8 billion euros into 18 projects across various sectors, in particular the transportation and infrastructure sectors, ....

  • PM says State interested in luring further investments in new, renewable energy

    Date: 2024-10-17 14:06:33 GMT - Egypt - Economy - SN:39 - ID:10915610

    CAIRO, Oct 17 (MENA) - Prime Minister Mostafa Madbouli said the State is interested in luring further investments in the field of new and renewable energy, as the government provides incentives and facilitation to encourage investors to increase ....

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