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Economy
- Service : English General
- Category : Economy
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Molla announces operation of 2nd phase MIDOR expansion project
Date: 2022-05-15 16:50:10 GMT - Egypt - Economy - SN:69 - ID:9570436
CAIRO, May 15 (MENA) - Minister of Petroleum and Mineral Resources Tarek el Molla announced on Sunday the early pilot operation of the second phase of the expansion project of the Middle East Oil Refinery (MIDOR) as part of his ministry's ambitious ....
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Deputy finance min.: We target cutting budget deficit to 6.1% in 2023
Date: 2022-05-15 16:43:00 GMT - Egypt - Economy - SN:68 - ID:9570416
CAIRO, May 15 (MENA) - Deputy Finance Minister for Financial Policies Ahmed Kouchouk said the Finance Ministry targets decreasing the net budget deficit to 6.1 percent of GDP in 2023. Speaking at a conference on the repercussions of the world ....
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Investment file 'most important issue' in coming period - GAFI chief
Date: 2022-05-15 16:34:50 GMT - Egypt - Economy - SN:67 - ID:9570428
CAIRO, May 15 (MENA) - The CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab asserted the investment file is "the most important issue" in the period to come. A promotional tour will be made in several ....
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Min.: Low-cost development finance represents 25% of external debt
Date: 2022-05-15 16:17:57 GMT - Egypt - Economy - SN:63 - ID:9570338
CAIRO, May 15 (MENA) - Minister of International Cooperation Rania el Mashat said on Sunday that low-cost development finance generally represents 25% of the country's external debt, namely $25 billion. Speaking at a press conference to discuss ....
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Gamea: State easing procedures for provision of lands for investment projects
Date: 2022-05-15 15:39:44 GMT - Egypt - Economy - SN:56 - ID:9570308
CAIRO, May 15 (MENA) - Minister of Trade and Industry Nivine Gamea said the Egyptian State is acting to provide land plots required to carry out industrial projects with very simple and easy procedures. Gamea said the provision of lands was the ....
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Madbouli: EU seeks to have priority in Egyptian gas deals
Date: 2022-05-15 15:29:58 GMT - Egypt - Economy - SN:59 - ID:9570378
CAIRO, May 15 (MENA) - Prime Minister Mostafa Madbouli has said the European Union (EU) has expressed desire to have priority in Egyptian natural gas deals during the coming phase. During an international press conference Sunday to declare the ....
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Saeed: Unemployment rate down to 7.2% nationwide
Date: 2022-05-15 14:19:45 GMT - Egypt - Economy - SN:54 - ID:9570309
CAIRO, May 15 (MENA) - Planning Minister Dr Hala el Saeed said the unemployment rate decreased in Egypt to 7.2%. Such a percentage is important for achieving sustainable growth and luring more investments in the country, added Saeed at a press ....
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Egypt's bourse down at start of week transactions
Date: 2022-05-15 14:14:15 GMT - Egypt - Economy - SN:53 - ID:9570225
CAIRO, May 15 (MENA) - Egyptian Exchange indexes posted collective losses at the start of this week trading prompted by selling operations by Arab and foreign institutions and investment funds with investors waiting to see the government's plan to ....
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Sisi directs establishing startups online, expanding tax exemption for these companies
Date: 2022-05-15 14:04:30 GMT - Egypt - Economy - SN:51 - ID:9570189
CAIRO, May 15 (MENA) - President Abdel Fattah El Sisi has directed the establishment of companies through digital notification through a platform set up for this purpose within the context of removing all obstacles facing startups and ....
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Unemployment down 0.2 percent in first quarter of 2022
Date: 2022-05-15 13:26:05 GMT - Egypt - Economy - SN:47 - ID:9570122
CAIRO, May 15 (MENA) - The annual manpower bulletin issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed a decline in the unemployment rate by 0.2 percent in the first quarter of 2022 to record a 7.2 percent of ....
