Economy

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  • Category : Economy
  • CBE: Bank finance portfolios for MSMEs grew by 362% in 6 years

    Date: 2024-07-05 17:02:04 GMT - Egypt - Economy - SN:47 - ID:10772852

    CAIRO, July 5 (MENA) – The Central Bank of Egypt (CBE) announced that banks' finance portfolios for micro, small, and medium-sized enterprises (MSMEs) grew by 362% in six years (December 2015 to December 2023). In a report obtained by MENA on the ....

  • Arab Contractors' board chairman to MENA: Rapid infrastructure development in Egypt over past 10 years

    Date: 2024-07-05 15:07:09 GMT - Algeria - Economy - SN:45 - ID:10772728

    ALGIERS, July 5 (MENA) - Chairman of the Board of Directors of the Arab Contractors for Facility Management (ACFM) Mohamed Mandour lauded the rapid development in the infrastructure and utilities that took place in Egypt over the past 10 years, ....

  • Egypt's bourse up on cabinet reshuffle, gains EGP 37bn

    Date: 2024-07-05 13:50:11 GMT - Egypt - Economy - SN:29 - ID:10772468

    CAIRO, July 5 (MENA) - Egyptian Exchange (EGX) indexes posted gains worth more than EGP 37 billion during last week's trading, amid news of a cabinet reshuffle along with the government's announcement of a major partnership with Talaat Moustafa ....

  • Planning min. says economic reform path to continue

    Date: 2024-07-05 11:07:17 GMT - Egypt - Economy - SN:26 - ID:10772520

    NEW ADMINISTRATIVE CAPITAL, July 5 (MENA) - Minister of Planning, Economic Development and International Cooperation Rania el Mashat affirmed the continuation of the economic reform path, as well as supporting development plans and encouraging ....

  • ITFC's CEO to MENA: Dlrs 1.2bn in trade financing allocated for supply sector in first 6 months of 2024

    Date: 2024-07-05 09:59:10 GMT - Egypt - Economy - SN:23 - ID:10772330

    NASSAU/BAHAMAS, July 5 (MENA) - Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC), said that the ITFC is in the process of signing a sixth agreement within the framework agreement signed between Egypt and the ITFC ....

  • Finance min. says ministry works on alleviating citizens’ burdens

    Date: 2024-07-05 09:28:52 GMT - Egypt - Economy - SN:19 - ID:10772349

    CAIRO, July 5 (MENA) – Finance Minister Ahmed Kojak has said his ministry aims to alleviate financial burdens for citizens in the coming period. Kojak’s remarks came on Friday at his first meeting with Finance Ministry officials to discuss ways ....

  • IT min.: Several projects to serve citizens within framework of Digital Egypt strategy to be launched

    Date: 2024-07-04 18:57:24 GMT - Egypt - Economy - SN:78 - ID:10772006

    CAIRO, July 4 (MENA) - Minister of Communications and Information Technology said Thursday the ministry's priorities in the coming phase include implementing several projects aimed at leveraging technology to serve citizens within the framework of ....

  • President Sisi signs law approving economic, social development plan for Fiscal Year 2024/2025

    Date: 2024-07-04 12:26:45 GMT - Egypt - Economy - SN:47 - ID:10771452

    CAIRO, July 4 (MENA) - President Abdel Fattah El Sisi signed Law No.149 for Year 2024 approving the economic and social development plan for the Fiscal Year 2024/2025. The first article of the law stipulates that the general objectives of the ....

  • Real estate experts welcome new govt reshuffle

    Date: 2024-07-04 10:12:09 GMT - Egypt - Economy - SN:34 - ID:10771229

    CAIRO, July 4 (MENA) - Real estate experts welcomed the new government reshuffle under Prime Minister Mostafa Madbouli, adding that they look forward to more partnerships with the private sector. In statements to MENA, the experts urged expanding ....

  • ETA keen on updating its website: ETA head

    Date: 2024-07-04 08:33:18 GMT - Egypt - Economy - SN:19 - ID:10770941

    CAIRO, July 4 (MENA) - Head of the Egyptian Tax Authority (ETA) Rasha Abdel Aal said that the ETA is keen on updating its website www.eta.gov.eg. In a statement on Thursday, Abdel Aal said that all the periodic pamphlets, executive instructions ....

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