Economy

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  • Category : Economy
  • Egypt keen on boosting drug production to meet local demands -- Minister

    Date: 2024-09-11 10:27:08 GMT - Egypt - Economy - SN:21 - ID:10866214

    CAIRO, Sept 11 (MENA) – Minister of the Public Business Sector Mohamed Shimi has underscored interest in the pharmaceutical sector, stressing keenness to enhance its production and settle the drug industry in Egypt to better cope with growing local ....

  • GAFI chairman: We aim to use AI to prepare strategies supporting investment climate

    Date: 2024-09-11 10:21:40 GMT - Egypt - Economy - SN:20 - ID:10866229

    CAIRO, Sept 11 (MENA) - The CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Wednesday the Authority is currently updating its service platform to qualify GAFI incorporate Artificial Intelligence (AI) techniques ....

  • 11,000 tons of goods handled at Red Sea ports

    Date: 2024-09-11 06:48:04 GMT - Egypt - Economy - SN:7 - ID:10865872

    HURGHADA, Egypt, Sept 11 (MENA) - About 11,000 tons of goods were handled at the different Red Sea harbors on Wednesday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 6,000 tons of goods, 346 trucks and ....

  • Planning minister meets delegation from IFC

    Date: 2024-09-10 19:39:22 GMT - Egypt - Economy - SN:71 - ID:10865522

    NEW ADMINISTRATIVE CAPITAL, Egypt, Sept 10 (MENA) - Minister of Planning, Economic Development and International Cooperation and Egypt's Governor at the World Bank Group Rania el Mashat met with a delegation from the International Finance ....

  • CBE: Egypt's annual inflation increases by 25.1% in August

    Date: 2024-09-10 18:39:19 GMT - Egypt - Economy - SN:59 - ID:10865462

    CAIRO, Sept 10 (MENA) - The Central Bank of Egypt (CBE) announced that the annual headline inflation rate surged by 25.1 percent in August 2024, compared to 24.4 percent in the previous month. In a statement released on Tuesday, the bank said the ....

  • Egypt aims to become diversified competitive economy by 2030: Mashat

    Date: 2024-09-10 18:09:02 GMT - Egypt - Economy - SN:53 - ID:10865470

    CAIRO, Sept 10 (MENA) - Planning International Cooperation and Economic Development Minister Rania el Mashat said that Egypt 2030 Vision primarily aims to attain local development. By 2030, Egypt will become a balanced and diversified ....

  • EGX indices down on Tuesday

    Date: 2024-09-10 13:25:55 GMT - Egypt - Economy - SN:33 - ID:10864899

    CAIRO, Sept 10 (MENA) - Egyptian Exchange (EGX) indexes receded on Tuesday on the back of sales by Arab and local institutions and investment funds. The market capital lost EGP 16 billion to reach 2.054 trillion pounds. The EGX 30 benchmark ....

  • Petroleum minister meets Australian Amb.

    Date: 2024-09-10 10:15:48 GMT - Egypt - Economy - SN:24 - ID:10864532

    CAIRO, Sept 10 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi discussed with Australian Ambassador to Egypt Axel Wabenhorst ways of boosting cooperation and attracting investments of Australian companies in mining fields. Both ....

  • CAPMAS: Monthly inflation hits 1.9% in Aug. 2024

    Date: 2024-09-10 08:25:40 GMT - Egypt - Economy - SN:19 - ID:10864158

    CAIRO, Sept 10 (MENA) - The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the monthly inflation rate recorded 1.9 percent at 231.1 points in August 2024. CAPMAS attributed this to the increase in the prices of ....

  • 8,000 tons of goods handled at Red Sea ports

    Date: 2024-09-10 07:33:33 GMT - Egypt - Economy - SN:14 - ID:10864236

    HURGHADA, Egypt, Sept 10 (MENA) - About 8,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 3,000 tons of goods, 202 trucks and 13 ....

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