Economy

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  • Category : Economy
  • FinTech Egypt launches financial technology event “Women for Women”

    Date: 2024-04-04 11:01:29 GMT - Egypt - Economy - SN:32 - ID:10650142

    CAIRO, April 4 (MENA) - FinTech Egypt, affiliated with the Central Bank of Egypt (CBE), launched the “Women for Women in FinTech” event with the aim of providing innovative financial solutions that help female entrepreneurs expand their companies’ ....

  • Egypt’s trade balance deficit down to 2.08bn in January 2024

    Date: 2024-04-04 10:22:21 GMT - Egypt - Economy - SN:24 - ID:10650085

    CAIRO, April 4 (MENA) - Egypt’s trade balance deficit decreased to $2.08 billion in January, compared to $3.32 billion in the same month a year ago, according to a monthly bulletin issued by the Central Agency for Public Mobilization and Statistics ....

  • EGAC renews ISO certificate of anti-brown rot project for 4th straight year

    Date: 2024-04-04 10:10:06 GMT - Egypt - Economy - SN:23 - ID:10650066

    CAIRO, April 4 (MENA) - The Egyptian Accreditation Council (EGAC) has renewed the ISO/IEC 17025: 2017 certificate for labs of anti-brown rot project for the fourth year in a row, Director of the project Naglaa Balabel said. The projects director ....

  • Dollar exchange rate stable at beginning of Thursday's transactions

    Date: 2024-04-04 07:42:53 GMT - Egypt - Economy - SN:12 - ID:10649939

    CAIRO, April 4 (MENA) - The dollar exchange rate was stable at the start of Thursday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 47.36 for buying and EGP 47.46 for ....

  • Foreign currency proceeds near EGP 9.9bn since exchange rate liberalization

    Date: 2024-04-04 07:34:40 GMT - Egypt - Economy - SN:11 - ID:10649932

    CAIRO, April 4 (MENA) - Foreign currency proceeds of exchange companies, affiliated to the National Bank of Egypt (NBE), Banque Misr and Banque du Caire, have increased to some EGP 9.940 billion since interest rate liberalization on March 6. In ....

  • CBE: Egypt's net forex reserves rise by $5 bln by end of March

    Date: 2024-04-03 15:57:47 GMT - Egypt - Economy - SN:48 - ID:10649381

    CAIRO, April 3 (MENA) – The Central Bank of Egypt (CBE) said net international reserves increased by $5 billion by the end of March registering $40.361 billion, compared to $35.3 billion at the end of February. In statements to MENA, economic ....

  • Bourse indexes show mixed performance

    Date: 2024-04-03 12:51:47 GMT - Egypt - Economy - SN:33 - ID:10649147

    CAIRO, April 3 (MENA) - Egyptian Exchange (EGX) indexes showed mixed performance at the close of Wednesday's trading session, amid the continued strong performance of major and leading stocks and profit-making operations on shares of small and ....

  • GAFI chief inaugurates expansions of Turkish companies in 10th of Ramadan City

    Date: 2024-04-03 12:41:53 GMT - Egypt - Economy - SN:31 - ID:10648964

    CAIRO, April 3 (MENA) - CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba and Turkish ambassador to Egypt Salih Mutlu Şen inaugurated Wednesday a number of production lines and expansions for Turkish companies in 10th ....

  • Maait: State moving on integrated paths to improve Egypt’s economy

    Date: 2024-04-03 11:45:16 GMT - Egypt - Economy - SN:28 - ID:10648962

    CAIRO, April 3 (MENA) - Minister of Finance Mohamed Maait said Wednesday state is taking integrated paths to improve and strengthen Egypt’s economic situation. In a statement issued today, Maait said such improvements constitute decisive, bold ....

  • SCZONE head: Zone keen on accelerating emissions cut in industrial sector

    Date: 2024-04-03 10:40:12 GMT - Egypt - Economy - SN:21 - ID:10648838

    CAIRO, April 3 (MENA) - Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), said the SCZONE seeks to encourage investors to manufacture products depending on green fuel. He said the authority s keen ....

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