Economy

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  • Category : Economy
  • Foreign currency proceeds near EGP 13bn since exchange rate liberalization

    Date: 2024-04-10 11:14:29 GMT - Egypt - Economy - SN:27 - ID:10657018

    CAIRO, April 10 (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 12.966 billion since interest rate liberalization on March 6. In ....

  • Petroleum ministry: Natural gas supplied to 118 new areas for 1st time

    Date: 2024-04-10 09:52:55 GMT - Egypt - Economy - SN:21 - ID:10656953

    CAIRO, April 10 (MENA) - Minister of Petroleum and Mineral Resources Tarik el Molla has stressed the importance of the state's plan to expand in the use of natural gas as an important fuel either in houses or vehicles. In a press statement ....

  • FEDCOC secretary says prices of basic food commodities declined by 18%

    Date: 2024-04-09 21:53:54 GMT - Egypt - Economy - SN:79 - ID:10656510

    CAIRO, April 9 (MENA) - Secretary-General of the Federation of Egyptian Chambers of Commerce (FEDCOC) Alaa Ezz said that the prices of basic food commodities declined by nearly 18% in the past period. In statements to MENA on Tuesday, Ezz ....

  • EgyptAir to operate 374 flights to bring nearly 81,800 pilgrims back home

    Date: 2024-04-09 20:01:08 GMT - Egypt - Economy - SN:69 - ID:10656460

    CAIRO, April 9 (MENA) – EgyptAir has completed its all arrangements to operate 374 flights to carry 81,797 pilgrims back home from Jeddah and Madina during the period of April 8-22 after they have finished performing their Umrah (Lesser ....

  • Delivering natural gas to more than 895,000 homes in next FY: Petroleum ministry

    Date: 2024-04-09 14:04:18 GMT - Egypt - Economy - SN:38 - ID:10656024

    CAIRO, April 9 (MENA) - Ministry of Petroleum and Mineral Resources said Tuesday more than 895,000 homes would receive natural gas nationwide during the next fiscal year (FY), bringing the number of homes that benefit from natural gas to more than ....

  • Egypt's Sinai Manganese, Spain's "Global ATAC" sign cooperation deal

    Date: 2024-04-09 11:36:34 GMT - Egypt - Economy - SN:26 - ID:10655796

    CAIRO, April 9 (MENA) - Public Business Sector Minister Mahmoud Esmat attended the signing of a cooperation agreement between Sinai Manganese Co. SMC, and the Spanish company "Global ATAC" SL to build a new plant for kaolin calcination (thermal ....

  • Mashaat affirms importance of cooperation with WB to reinforce private sector

    Date: 2024-04-09 10:59:39 GMT - Egypt - Economy - SN:24 - ID:10655800

    CAIRO, April 9 (MENA) - Minister of International Cooperation Rania al Mashat on Tuesday asserted the significance of cooperation with the World Bank (WB) towards maximizing the role of the private sector in the investment domain. She added that ....

  • Finance min.: Economic reform path reaps fruits in FY 2023-2024

    Date: 2024-04-08 15:08:40 GMT - Egypt - Economy - SN:43 - ID:10655048

    CAIRO, April 8 (MENA) - Minister of Finance Mohamed Maait said a new path of the Egyptian economy, based on structural reforms supporting the track of recovery, has started reaping fruits according to the macroeconomic indicators of the the fiscal ....

  • CBE: Annual inflation declines to 33.7% in March

    Date: 2024-04-08 14:55:22 GMT - Egypt - Economy - SN:41 - ID:10655050

    CAIRO, April 8 (MENA) - Egypt's annual core inflation rate declined to 33.7 percent in March 2024 from 35.1 percent in February, the Central Bank of Egypt (CBE) announced on Monday. In a statement, the CBE said the monthly core Consumer Price ....

  • Bourse gains EGP 26 bn, all indexes up

    Date: 2024-04-08 13:46:11 GMT - Egypt - Economy - SN:33 - ID:10654825

    CAIRO, April 8 (MENA) - Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday's trading session, backed by purchases by institutions and local and Arab investment funds, against sales by foreign institutions and foreign ....

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