Economy

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  • Category : Economy
  • Egypt, UAE discuss cooperation in energy domain

    Date: 2024-11-21 12:15:43 GMT - Egypt - Economy - SN:24 - ID:10961305

    CAIRO, Nov 21 (MENA) - Electricity Minister Mahmoud Esmat discussed on Thursday with UAE Investment Minister Mohamed Alsuwaidi ways of enhancing partnership and investments in the electricity and renewable energy domains. In a statement, the ....

  • eNovate, FOO ink partnership contract to present integrated, comprehensive digital solutions in Egypt

    Date: 2024-11-21 09:39:02 GMT - Egypt - Economy - SN:14 - ID:10960881

    CAIRO, Nov 21 (MENA) - The company of eNovate, formerly known as eCards and a subsidiary of eFinance Investment Group, inked a partnership contract with FOO company to boost a group of products and current services of eNovate company to present ....

  • Supply minister granted 2024 Arab Banking Excellence and Achievement Award

    Date: 2024-11-20 23:01:25 GMT - Egypt - Economy - SN:74 - ID:10960649

    CAIRO, Nov 20 (MENA) - The World Union of Arab Bankers awarded on Wednesday Minister of Supply and Internal Trade Sherif Farouk the 2024 Arab Banking Excellence and Achievement Award. In a statement, the Ministry of Supply and Internal Trade said ....

  • PM witnesses signing of MoU on $12m project to set up energy storage battery factory

    Date: 2024-11-20 22:58:49 GMT - Egypt - Economy - SN:73 - ID:10960341

    CAIRO, Nov 20 (MENA) - Prime Minister Mostafa Madbouly witnessed the signing ceremony of a memorandum of understanding for the establishment of an energy storage battery factory between the Ministry of Industry, represented by the Industrial ....

  • IMF: Egypt implements key reforms to preserve macroeconomic stability despite regional challenges

    Date: 2024-11-20 22:47:05 GMT - Egypt - Economy - SN:71 - ID:10960637

    CAIRO, Nov 20 (MENA) - An International Monetary Fund mission led by Ivanna Vladkova Hollar concluded its visit to Egypt after holding in-person discussions with relevant Egyptian authorities between November 6 and 20 in Cairo. "The Egyptian ....

  • Arab banks facing sophisticated challenges of technological changes & geopolitical tensions

    Date: 2024-11-20 22:44:17 GMT - Egypt - Economy - SN:69 - ID:10960393

    CAIRO, Nov 20 (MENA) - Chairman of the National Bank of Egypt (NBE) Mohamed El-Etreby said the Arab banking sector is facing sophisticated challenges varying from rapid technological changes to rising compliance requirements, and from geopolitical ....

  • EGX shows mixed performance at end of Wednesday's trading session

    Date: 2024-11-20 21:05:29 GMT - Egypt - Economy - SN:56 - ID:10960553

    CAIRO, Nov 20 (MENA) - Egyptian Exchange (EGX) indexes showed mixed performance at the end of Wednesday's trading session. The market capital lost nearly EGP 3 billion to register EGP 2.238 trillion amid transactions that totaled EGP about 44 ....

  • EBRD offers $21m for Gulf of Suez wind power station expansion

    Date: 2024-11-20 20:37:24 GMT - Egypt - Economy - SN:51 - ID:10960389

    CAIRO, Nov 20 (MENA) - The European Bank for Reconstruction and Development has announced an easy-term financing of $21.3 million for the "Red Sea Wind Energy" company to expand a wind power station in the Gulf of Suez. The project will increase ....

  • Cabinet approves establishing free zone for LT Jeans in Sadat City

    Date: 2024-11-20 18:32:04 GMT - Egypt - Economy - SN:41 - ID:10960080

    CAIRO, Nov 20 (MENA) – The cabinet approved during its weekly meeting under Prime Minister Moustafa Madbouli a draft decision on establishing a free zone for LT Jeans company on an area of 22.8 thousand square meters in the fourth industrial zone in ....

  • PM: State interested in nuclear energy file under its vision to diversify energy resources

    Date: 2024-11-20 14:44:09 GMT - Egypt - Economy - SN:34 - ID:10959908

    CAIRO, Nov 20 (MENA) - Prime Minister Moustafa Madbouli underlined the state’s interest in the file of nuclear energy and its peaceful uses in line with Egypt Vision and its strategy of diversifying energy resources, especially with regard to ....

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