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Economy
- Service : English General
- Category : Economy
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Industry minister meets iron producers to draw up policies supporting steel industry
Date: 2025-05-23 09:04:41 GMT - Egypt - Economy - SN:11 - ID:11190562
CAIRO, May 23 (MENA) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El Wazir announced Friday that the government is preparing to offer several licenses for the production of billet with special ....
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OPEN// PM reviews Ras El Hekma project progress
Date: 2025-05-22 18:42:16 GMT - Egypt - Economy - SN:77 - ID:11190153
CAIRO, May 22 (MENA) – Prime Minister Mostafa Madbouli held a meeting on Thursday to review the latest updates on the Ras El Hekma development project in Egypt’s northwest coast, in Matrouh Governorate. During the talks, Madbouli stressed the ....
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Industry minister invites Bulgarian partners to establish joint factories in Egypt targeting African market
Date: 2025-05-22 18:41:15 GMT - Egypt - Economy - SN:76 - ID:11190152
CAIRO, May 22 (MENA) - Minister of Industry and Transport Kamel el Wazir said the Egyptian-Bulgarian Business Forum constitutes a strategic opportunity to foster bilateral cooperation, especially in light of the significant convergence of views and ....
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IMF lauds Egypt's ongoing economic reform efforts
Date: 2025-05-22 16:37:03 GMT - Egypt - Economy - SN:73 - ID:11190063
CAIRO, May 22 (MENA) - Director of Communications at the International Monetary Fund (IMF) Julie Kozack praised Egypt’s ongoing economic reform efforts, highlighting progress in macroeconomic stability, declining inflation, and increased foreign ....
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Egypt’s Central Bank cuts interest rates by 1%
Date: 2025-05-22 16:27:59 GMT - Egypt - Economy - SN:71 - ID:11190085
CAIRO, May 22 (MENA) – The Central Bank of Egypt (CBE) announced a 100 basis point cut in interest rates during its Monetary Policy Committee meeting on Thursday. The overnight deposit rate was reduced to 24.00%, the lending rate to 25.00%, and ....
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Egypt, EU probe ways to strengthen cooperation in several areas
Date: 2025-05-22 16:21:05 GMT - Egypt - Economy - SN:70 - ID:11189796
CAIRO, May 22 (MENA) - Local Development Minister Manal Awad and EU Ambassador to Egypt Angelina Eichhorst discussed on Thursday means of strengthening cooperation in several areas. Awad highlighted that Egyptian-European relations have ....
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Investment min. meets Chalhoub Group chief to discuss op. in Egyptian market
Date: 2025-05-22 15:58:32 GMT - Egypt - Economy - SN:68 - ID:11189735
CAIRO, May 22 (MENA) - Minister of Investment and Foreign Trade Hassan El Khatib met on Thursday with Chairman of the Chalhoub Group Patrick Chalhoub to discuss opportunities in the Egyptian market. Chalhoub Group operates in the luxury, beauty, ....
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Planning minister praises strong Egypt–EU coop.
Date: 2025-05-22 15:55:00 GMT - Egypt - Economy - SN:66 - ID:11189801
ALEXANDRIA, Egypt, May 22 (MENA) – Minister of Planning, Economic Development and International Cooperation Rania Al Mashat praised the growing partnership between Egypt and the EU, highlighting the decision to upgrade ties to a strategic level ....
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70% of Egypt’s handicraft exports directed to Arab markets - official
Date: 2025-05-22 15:48:59 GMT - Egypt - Economy - SN:65 - ID:11189623
CAIRO, May 22 (MENA) - Chairman of the Export Council for Handicrafts and Head of the Design and Innovation Committee at the Arab League Partners Alliance Hisham el Essawy stressed the importance of the "Zero Customs" agreement approved by the Arab ....
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Revenues of IDM hit EGP 1.9 bln in 2024
Date: 2025-05-22 14:30:56 GMT - Egypt - Economy - SN:54 - ID:11189883
CAIRO, May 22 (MENA) – The International Drilling Material Manufacturing (IDM) company has announced that it achieved revenues of EGP 1.9 billion, with an operating profit of EGP 270 million in 2024. Additionally, the company secured new ....
