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Economy
- Service : English General
- Category : Economy
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All EGX indices down, benchmark slightly decreases
Date: 2024-10-23 20:09:18 GMT - Egypt - Economy - SN:82 - ID:10923964
CAIRO, Oct 23 (MENA) - Egyptian Exchange (EGX) indices went down collectively at the close of Wednesday's trading, amid sales by foreign institutions and investment funds as well as Arab investors. Meanwhile, purchases prevailed in transactions ....
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IMF: Egypt on track to financial sustainability with expectations of reducing budget deficit, increasing revenues
Date: 2024-10-23 17:51:39 GMT - Egypt - Economy - SN:68 - ID:10923691
WASHINGTON, Oct 23 (MENA) - The International Monetary Fund (IMF) expects Egypt to achieve a significant improvement in its financial situation in the coming years, reflecting the ongoing economic reform efforts. The fund said in a report issued ....
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Investment min. heads for US on official visit
Date: 2024-10-23 17:47:01 GMT - Egypt - Economy - SN:67 - ID:10923750
CAIRO, Oct 23 (MENA) - Investment and Foreign Trade Minister Hassan el Khatib headed Wednesday for the US to participate in the proceedings of the International Monetary Fund (IMF) and hold meetings with officials at the US Chamber of Commerce and ....
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Petroleum min.: 4 MoU signed to explore, produce, develop oil, natural gas fields
Date: 2024-10-23 17:44:11 GMT - Egypt - Economy - SN:63 - ID:10923647
CAIRO, Oct 23 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi said Wednesday four memoranda of understanding (MoUs) signed by the ministry today aim to study and research the possibility of the signing companies participating in ....
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IMF's currency re-liberalization statement dates back to January – PM - 2 last Cairo
Date: 2024-10-23 17:24:23 GMT - Egypt - Economy - SN:60 - ID:10923753
Madbouli also denied rumors about the State's obligations and debt installments. He said that the State has never defaulted on a single installment, despite difficult circumstances and challenges. “We have a clear vision that we follow and we ....
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IMF's currency re-liberalization statement dates back to January - PM
Date: 2024-10-23 17:12:34 GMT - Egypt - Economy - SN:59 - ID:10923623
CAIRO, Oct 23 (MENA) – The International Monetary Fund (IMF) has, in all of its recent statements, applauded the monetary policy pursued by the Egyptian State, Prime Minister Madbouli said. Egypt is on the right track on that score, Madbouli told ....
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Petroleum min.: 1.4m barrels of oil equivalent during Q1 of FY 2024-2025
Date: 2024-10-23 16:42:01 GMT - Egypt - Economy - SN:57 - ID:10923645
CAIRO, Oct 23 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi said Wednesday 1.4 million barrels of oil equivalent (BOE) were produced per day during the first quarter of FY 2024-2025. In a press conference by the premier today, ....
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NDB President: NDB seeks promoting use of local currencies
Date: 2024-10-23 14:33:56 GMT - Russia - Economy - SN:42 - ID:10923491
KAZAN, Russia, Oct 23 (MENA) - President New Development Bank (NDB) Dilma Rousseff said the bank works on promoting using local currencies among the BRICS member states. During a plenary meeting with leaders of BRICS stattes' delegations, she ....
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US dollar rises to highest rate since July
Date: 2024-10-23 09:43:15 GMT - USA - Economy - SN:18 - ID:10922844
WASHINGTON, Oct 23 (MENA) - The US dollar rose during transactions on Wednesday ahead of the presidential US election due on November 5. The dollar index, which measures the greenback against a basket of currencies, including the yen and the ....
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1st factory for biopharmaceuticals in ME region to open in Egypt in Q1 2025 - ACDIMA chief
Date: 2024-10-23 07:12:37 GMT - Egypt - Economy - SN:10 - ID:10922485
CAIRO, Oct 23 (MENA) - Board Chairman of the Arab Company for Drug Industries & Medical Appliances (ACDIMA) Olfat Ghorab said the first factory for making biopharmaceuticals in the Middle East region will open in Egypt in the first quarter of 2025, ....
