Economy

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  • Gov't okays draft decision to establish private free zone under name "Suez Canal Company for Modern Boats"

    Date: 2024-04-18 12:23:06 GMT - Egypt - Economy - SN:35 - ID:10666920

    CAIRO, April 18 (MENA) - The Cabinet approve during a meeting Thursday headed by Prime Minister Mostafa Madbouly a draft decision to establish a private free zone under the name "Suez Canal Company for Modern Boats," (S.A.E.). The company is to ....

  • Transport min. witnesses signing of MoU on construction, operation of Berenice Port

    Date: 2024-04-18 10:54:46 GMT - Egypt - Economy - SN:25 - ID:10666704

    CAIRO, April 18 (MENA) - Minister of Transport Kamal Wazir witnessed the signing of a memorandum of understanding (MoU) Thursday on construction, development, operation, management and maintenance of Berenice Port. The agreement falls within the ....

  • Financing gap in Africa leads to declines of developmental investment rates: Finance min.

    Date: 2024-04-18 10:21:57 GMT - Egypt - Economy - SN:23 - ID:10666638

    CAIRO/WASHINGTON, April 18 (MENA) - The financing gap in Africa leads to decline of developmental investment rates, Finance Minister Mohamed Maait said Thursday. The minister of finance said achieving the developmental and climate goals in the ....

  • Finance ministry works under integrated strategy to manage debt

    Date: 2024-04-18 10:05:28 GMT - Egypt - Economy - SN:22 - ID:10666633

    CAIRO, April 18 (MENA) - Finance Minister Mohamed Maait asserted that the Ministry of Finance is working according to an integrated strategy to manage debt and decrease its rates to less than 80% by 2027. It is also working to extend the average ....

  • Dollar exchange rate declines at start of Thursday's transactions

    Date: 2024-04-18 08:38:40 GMT - Egypt - Economy - SN:16 - ID:10666526

    CAIRO, April 18 (MENA) - The dollar exchange rate inched down between 25-30 piasters 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 48.45 for ....

  • global (2):Elevatus Appoints Nadin Zureikat as Chief Revenue Officer to Lead Global Expansion and Revenue Growth

    Date: 2024-04-17 19:46:25 GMT - United Kingdom - Economy - SN:57 - ID:10666210

    Dear subscribers, the following is a global bulletin published for PRNewswire:‎ ================================================================== Dear subscribers, the following is a global bulletin published for PRNewswire:‎ Elevatus Appoints ....

  • State cares for luring investments, motivating companies expansions: Madbouli

    Date: 2024-04-17 15:46:37 GMT - Egypt - Economy - SN:37 - ID:10665924

    CAIRO, April 17 (MENA) – Prime Minister Mostafa Madbouli said Wednesday the state cares for creating necessary conditions to attract more investments and motivate major companies to expand their businesses in Egyptian markets. This came during a ....

  • PM reviews FRA report on gold investment funds

    Date: 2024-04-17 14:55:31 GMT - Egypt - Economy - SN:32 - ID:10665824

    CAIRO, April 17 (MENA) - Prime Minister Moustafa Madbouli underlined the government's continued keenness on offering all needed support for state institutions' measures pursuing various investment alternatives and solutions for all social ....

  • SCZONE attracts $894mn in investments since Jan. 2024

    Date: 2024-04-17 14:40:35 GMT - Egypt - Economy - SN:30 - ID:10665646

    CAIRO, April 17 (MENA) - The Suez Canal Economic Zone (SCZONE) has successfully attracted about 894 million dollars worth of investments, 40 percent of which from China, since January 2024, said chairman Walid Gamal el-Din Wednesday. Speaking ....

  • Military production min. inspects two factories

    Date: 2024-04-17 13:15:07 GMT - Egypt - Economy - SN:24 - ID:10665532

    CAIRO, April 17 (MENA) - Minister of State for Military Production Mohamed Salah Eddin Moustafa had an inspection tour of Abou Zaabal For Specialized Chemicals Factory (Factory-18) and Heliopolis Chemical Industries Factory (Factory-81). The ....

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