Economy

  • Service : English General
  • Category : Economy
  • GPC's production exceeds 68,000 B/D - Petroleum minister

    Date: 2022-09-23 13:36:44 GMT - Egypt - Economy - SN:34 - ID:9787754

    CAIRO, Sept 23 (MENA) - Petroleum Minister Tarek Al Molla said on Friday the General Petroleum Company (GPC) became the third highest company in terms of production rates as it produces nearly 68,300 barrels of oil equivalent per day in the ....

  • Egypt’s economy able to withstand current global challenges- minister

    Date: 2022-09-23 13:33:27 GMT - Egypt - Economy - SN:33 - ID:9787651

    CAIRO, Sept 23 (MENA) – Finance Minister Mohamed Maait said Friday that the Egyptian economy could withstand and overcome the current global challenges, including the supply chain disruptions, and price hikes in goods and services. Maait’s ....

  • Public business minister reviews CNG vehicle model

    Date: 2022-09-23 13:03:21 GMT - Egypt - Economy - SN:30 - ID:9787713

    CAIRO, Sept 23 (MENA) - Minister of Public Business Sector Mahmoud Esmat reviewed during a meeting Friday a Compressed Natural Gas (CNG) vehicle model manufactured by El Nasr Automotive Manufacturing Co. In a statement published by the ministry ....

  • Planning minister reviews factors of turning Egypt to promising investment hub

    Date: 2022-09-23 11:43:12 GMT - Egypt - Economy - SN:23 - ID:9787486

    NEW YORK, Sept 23 (MENA) - Minister of Planning and Economic Development Hala El Said reviewed during a Bloomberg Emerging and frontier markets meeting Egypt's recent economic performance, along with factors of turning Egypt into a promising ....

  • Global (3): Huawei's Smart Urban Rail Network Solution Is Unveiled at InnoTrans 2022

    Date: 2022-09-23 10:43:55 GMT - Germany - Economy - SN:22 - ID:9787526

    Dear subscribers, following is a global bulletin published for PRNewswire‎ ‎ ============================================================ BERLIN, Sept. 23, 2022 /PRNewswire/ -- InnoTrans 2022 took place from September 20 to 23 in Berlin, ....

  • Global (2): Vantage wins three awards at the Global Forex Awards 2022

    Date: 2022-09-23 10:43:44 GMT - Singapore - Economy - SN:21 - ID:9787523

    Dear subscribers, following is a global bulletin published for PRNewswire‎ ‎ ============================================================ SINGAPORE, Sept. 23, 2022 /PRNewswire/ -- Vantage, the international multi-asset broker, has received three ....

  • Global (1): Sinopec Receives Airworthiness Certificate for China's First Large-Scale Production of Bio-jet Fuel

    Date: 2022-09-23 09:14:41 GMT - China - Economy - SN:16 - ID:9787437

    Dear subscribers, following is a global bulletin published for PRNewswire‎ ‎ ============================================================ Fuel Derived From Used Cooking Oil Underlines Sinopec's Long-term Strategy for Sustainable ....

  • CBE: Bank deposits hit EGP 6.5 trillion in August

    Date: 2022-09-22 20:44:56 GMT - Egypt - Economy - SN:77 - ID:9787088

    CAIRO, Sept 22 (MENA) – The Central Bank of Egypt (CBE) on Thursday announced a significant increase in bank deposits by around EGP trillion since December 2021 to reach EGP 6.5 trillion at the end of August. Following its mandate to maintain the ....

  • CBE raises reserve ratio to 18%

    Date: 2022-09-22 20:15:48 GMT - Egypt - Economy - SN:75 - ID:9786976

    CAIRO, Sept 22 (MENA) - The Central Bank of Egypt (CBE) decided on Thursday to raise the required reserve ratio to 18 percent from 14 percent. “This works as a catalyst, complementing the tightening stance that the CBE is maintaining, by ....

  • CBE explains its reasons for maintaining interest rates

    Date: 2022-09-22 19:59:06 GMT - Egypt - Economy - SN:71 - ID:9786838

    CAIRO, Sept 22 (MENA) - The Central Bank of Egypt (CBE) has explained that the decision issued by its Monetary Policy Committee (MPC) to maintain key interest rates for the third time since the initial three percent hike following the onset of the ....

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