14:07
cairo, gmt + 2
19 May
Sunday, 2024
Sun, 19 May 2024 - 11:36 GMT
Entlaq Company's CEO, Mohamed Ehab, stated that this program represents an investment opportunity for companies, workers, and investment institutions.
Madbouly highlighted the government's strategic focus on expanding Egypt's industrial sector and positioning the country as a regional industrial hub, during a televised address on his visit to Beni Suef Governorate
He stated that 40 startups in Cairo and Giza raised $40 million in investments over the past two years and over 55 startups were incubated in the governorate-based centers
Trading on securities reported Egyptian investors as net buyers with LE 378.80 million. Foreign and Arab investors were net sellers with LE 363.78 million and LE 15.01 million, respectively
BMI Research, a subsidiary of Fitch Solutions, revised its forecast for Egypt’s growth in the current and coming fiscal years, displaying cautious optimism as it expects stronger growth in investment spending for FY2024/2025
The meeting emphasized the importance of injecting investments into multiple sectors and highlighted the potential for capitalizing on the available opportunities within the Egyptian market.
The new app will prioritize safety, with possible security measures such as surveillance cameras inside and outside of the vehicle and GPS devices to monitor speed and location
The draft law incorporates several elements that aim to achieve the objectives outlined in the state ownership policy document.
EBRD anticipates the economy to recover in 2025, expecting an uptick to 4.4 percent while forecasting a climb to 4 percent for the coming fiscal year
In an official statement, Madbouly also stated that Egypt is working with the UAE to waive an Emirati deposit of $6 billion in the Central Bank of Egypt (CBE) and convert it to Egyptian pounds
During Q1 of 2024, the labor force was estimated to consist of 31.397 million individuals, reflecting a 1.0% increase from the previous quarter's 31.101 million individuals.
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