Economics

Egypt’s exports to G7 states surge 8.8 pct in Jan-June 2019- CAPMAS

CAIRO, Aug 24 (MENA) – Egypt’s exports to the G7 countries increased 8.8 percent year-on-year in the first half of…

Egypt’s participation in G7, TICAD summits help attract investments: Amb.

CAIRO – 23 August 2019: Ambassador Mohamed Hegazy, former assistant foreign minister, said Egyptian president's participation in the G7 summit…

State to save $2.2 B if passenger vehicles run on natural gas: Cabinet

CAIRO – 22 August 2019: Cabinet spokesman Nader Saad said on Wednesday that the government aims to convert to clean…

Egypt to link Zohr’s well 13 to production by end of September

CAIRO – 22 August 2019: Petroleum Sector will complete linking well number 13 of Zohr gas field to production by…

EGX shows mixed performance Thursday ahead of MPC meeting

CAIRO – 22 August 2019: The Egyptian Exchange (EGX) contiuned its mixed performance during last session of the head ahead…

State adopting new approach to make best use of Egypt’s resources: official

ISMAILIA – 22 August 2019: The State is adopting a new approach to optimize its resources and potentials, said head…

Cabinet approves contract on East Port Said port

EL ALAMEIN, Egypt – 22 August 2019: The cabinet approved, during its weekly meeting on Thursday, under Prime Minister Moustafa…

CBE expected to follow global wave of interest rate cuts amid inflation drop

CAIRO – 22 August 2019: Amid a global wave of interest rates cut, decline of inflation rate to a four-year…

AOI, Rohde & Schwarz mull cooperation in manufacturing security gates

CAIRO, Aug 22 (MENA) – Chairman of the Arab Organization for Industrialization (AOI) Abdel Moneim el-Tarass discussed with Chairman of…

CBE resumes monetary easing cycle, cuts interest rates by 150bps

CAIRO – 22 August 2019: The Monetary Policy Committee of the Central Bank of Egypt (CBE) cut the overnight deposit…

MSMEDA funds women by LE 1.88B in 2018

CAIRO – 22 August 2019: Micro, Small and Medium Enterprise Development Agency’s (MSMEDA) loans to women hiked 84.98 percent in…

Bloomberg says hot August for Egypt’s world-beating stocks

WASHINGTON – 22 August 2019: Bloomberg said It has already been a great August for Egyptian stocks and things could…

IMF warns against rate cuts, currency intervention to improve trade balance

WASHINGTON – 22 August 2019: The International Monetary Fund on Wednesday warned against governments trying to weaken their currencies through…

Zohr’s gas production jumps to 2.7 bcfpd: Molla

CAIRO – 21 August 2019: Minister of Petroleum and Mineral Resources Tarek el-Molla revealed Wednesday that the production capacity of…

Porto Group hits profits of LE 80.1M in 6 months

CAIRO – 21 August 2019: Financial Indicators of Porto Group Holding’s (PORT) consolidated results revealed a 50.9 percent hike in…
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