10:03
cairo, gmt + 2
18 May
Saturday, 2024
Thu, 16 May 2024 - 04:48 GMT
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
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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.
This project is part of the memorandum of understanding signed during COP27 in Sharm El Sheikh in November 2022 between the alliance, the Egyptian Electricity Transmission Company, and the New and Renewable Energy Authority.
The purpose of these deposit auctions is to help curb the country's high inflation rate.
The narrowing of the deficit reflects the surge in foreign currency reserves after the fresh inflows for FX from the Ras El Hekma deal and the depreciation of the Egyptian pound
The primary objective of the meeting was to bolster the sector's exports in the upcoming period, as emphasized by Madbouly.
The Egyptian Exchange (EGX) fell into the red zone during Tuesday trading, losing around LE 8 million in market capitalization
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