Economy

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  • Category : Economy
  • Egypt's commodity exports surged by 6% in January, February, says min.

    Date: 2024-03-11 13:00:54 GMT - Egypt - Economy - SN:35 - ID:10619956

    CAIRO, March 11 (MENA) - Minister of Trade and Industry Ahmed Samir said Egypt's commodity exports registered USD 6.1 billion in January and February 2024, against USD 5.7 billion in the same period of 2023, marking an increase of 6%. Samir ....

  • Bourse indexes show mixed performance

    Date: 2024-03-11 12:17:33 GMT - Egypt - Economy - SN:28 - ID:10619888

    CAIRO, March 11 (MENA) - Egyptian Exchange (EGX) indexes showed mixed performance at the close of Monday's trading session, amid the continued strong performance of major and leading stocks and profit-making operations on shares of small and ....

  • Egypt’s trade deficit ups 17.8% in December: CAPMAS

    Date: 2024-03-11 11:14:46 GMT - Egypt - Economy - SN:20 - ID:10619672

    CAIRO, March 11 (MENA) - Egypt’s trade deficit increased by 17.8 % to reach dlrs 3.03 billion in December 2023, compared with dlrs 2.57 billion in the same month in 2022, according to data released by the Central Agency for Public Mobilization and ....

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

    Date: 2024-03-11 09:12:18 GMT - Egypt - Economy - SN:14 - ID:10619589

    CAIRO, March 11 (MENA) - The dollar exchange rate was stable at the start of Monday's transactions at Egypt's major banks. At the National Bank of Egypt (NBE), the dollar rate registered EGP 49.10 for buying and EGP 49.20 for selling. The ....

  • 51,000 tons of goods handled at Red Sea Ports

    Date: 2024-03-11 08:57:14 GMT - Egypt - Economy - SN:13 - ID:10619564

    HURGHADA, Egypt, March 11 (MENA) - About 51,000 tons of goods were handled at the different Red Sea harbors on Monday, the Red Sea Ports Authority (RSPA) said. In a statement, the RSPA said imports included 4,500 tons of goods, 483 trucks and 92 ....

  • Public business min. probes investment opportunities with Norway

    Date: 2024-03-10 21:20:35 GMT - Egypt - Economy - SN:68 - ID:10619291

    CAIRO, March 10 (MENA) - Minister of Public Business Sector Mahmoud Esmat and Norwegian Ambassador in Cairo Hilde Klemetsdal reviewed Sunday mutual cooperation aspects and joint investment opportunities, especially in the new and renewable energy ....

  • Egypt targets surplus of 3.5% in 2024/25 budget

    Date: 2024-03-10 16:26:51 GMT - Egypt - Economy - SN:51 - ID:10618971

    CAIRO, March 10 (MENA) - Minister of Finance Mohamed Maait said Sunday the new budget 2024/25 targets a surplus of 3.5%. He added in a press conference that Egypt aims to achieve a primary surplus of no less than 3.5% and reduce the debt rate for ....

  • Petroleum Ministry: Gastec sales record 576.4mn cubic meters in 2023

    Date: 2024-03-10 16:18:31 GMT - Egypt - Economy - SN:50 - ID:10618882

    CAIRO, MARCH 10 (MENA) - Sales of the Egyptian International Gas Technology Company (Gastec) increased to nearly 576.4 million cubic meters of natural gas in 2023, accounting for 43 percent of the total market's share. The share is the highest ....

  • Bourse posts collective gains at start of week transactions

    Date: 2024-03-10 14:50:23 GMT - Egypt - Economy - SN:45 - ID:10618702

    CAIRO, March 10 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the start of this week trading, backed by purchases of Egyptian and foreign investment funds. The market capital gained about EGP 74 billion to register at EGP ....

  • Exchange rate of foreign currencies inches down at end of Sunday's transactions

    Date: 2024-03-10 14:49:31 GMT - Egypt - Economy - SN:44 - ID:10618775

    CAIRO, March 10 (MENA) - The exchange rate of foreign currencies inched down at the end of Sunday's transactions at Egypt's major banks following decisions of the Central Bank of Egypt (CBE) to unify the exchange rates and raise interest rates at ....

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