Strategy underway to increase Egypt's chemical exports to hit $6.5B by 2023: CFEC

Wed, 08 Dec 2021 - 02:48 GMT

In a press release, Abu el Makarem said the strategy comes as part of the government's plan to increase Egypt's exports of all products to $100 billion.

EGX indices show mixed performance at end of Monday trading

Mon, 06 Dec 2021 - 07:50 GMT

The market capital won LE 4.7 billion, registering LE 732.2 billion.

Mashat: World Bank, AIIB funds to Egypt hit $720M

Mon, 06 Dec 2021 - 07:45 GMT

These remarks were made by Mashat during her participation on the second day of the 7th round of Banks' Chief Executive Officers (CEOs) under the title of "How the Egyptian Economy Survived the Trap of International Recession".

Petroleum minister probes with Lukoil increasing investments in Egypt

Fri, 03 Dec 2021 - 01:11 GMT

El Molla stressed the importance of the years-long partnership and cooperation with the giant Russian oil company and the need to reinforce such ties ahead.

Lebanon praises Egypt’s support; extends thanks to Sisi

Fri, 03 Dec 2021 - 01:09 GMT

He said that Lebanon would never forget that despite running challenges, Egypt was the first countries, which dispatched food stuff and aid planes to Lebanon after the 2020 Beirut massive explosion.

Parliament speaker reviews Egypt efforts towards climate change issues at PA-UFM

Fri, 03 Dec 2021 - 01:03 GMT

Gebali reviewed Egypt's efforts in facing climate change as it has given top priority to this issue.

All EGX indices down, benchmark dips 0.89%

Thu, 02 Dec 2021 - 06:12 GMT

The market capital registered LE 721.7 billion after transactions totaled LE 2.1 billion.

Egypt, Bulgaria discuss prospects of boosting economic cooperation

Thu, 02 Dec 2021 - 04:34 GMT

Tawfik asserted the Egyptian side’s keenness to strengthen relations with Bulgaria at all levels, the Public Enterprise Sector Ministry said in a statement on Thursday.

Egyptian embassy in Malaysia organizes seminar on investment opportunities in Egypt

Thu, 02 Dec 2021 - 04:27 GMT

Nasr urged the federation to coordinate with its Egyptian counterpart and the Egyptian commercial bureau to organize a commercial investment mission for the members of the federation during their visit to Egypt in the first quarter of 2022.

Banque du Caire reports LE 2.7B profit in Q3-21

Thu, 02 Dec 2021 - 04:24 GMT

The profit growth was ascribed to higher net interest income by 3% to LE 7.7 billion in the third quarter compared to LE 7.5 billion in the corresponding period of 2020.

Sports ministry, Olympic committee succeed in cancelling EWF's suspension

Thu, 02 Dec 2021 - 02:00 GMT

The EWF received an official e-mail from the International Weightlifting Federation (IWF) on cancelling its suspension, according to it.

AOI signs cooperation protocol with Bulgaria's BIEM, VMZ

Wed, 01 Dec 2021 - 03:54 GMT

He also highlighted the importance of making use of the Egyptian-Bulgarian relations, especially through the Egyptian-Bulgarian committee, to open new vistas of cooperation in various industrial scores.

PM says govt seeking to settle automotive industry in Egypt

Wed, 01 Dec 2021 - 03:46 GMT

This strategy is also meant to settle auto feeding industries and make best use of advanced technologies, the premier said, noting that this should help attract more investments to that important and vital sector.

Int'l cooperation minister confers with Korean Eximbank delegation

Tue, 30 Nov 2021 - 01:07 GMT

During the five-day visit of the Korean delegation, a coordination meeting was held between the two sides in the presence of officials from the South Korean Embassy in Cairo and bodies concerned from Egypt, such as the Ministry of Transport, the Electricity Ministry, the Finance Ministry as well as the National Academy for Training for the steps that should be taken as regards future projects of various domains of concern to both sides.

Egypt seeks to boost SMEs contribution to national economy -- Official

Tue, 30 Nov 2021 - 01:03 GMT

The committee is eyeing bigger contribution by SMEs to the national economy in order to reach 80 to 90 percent as in some major countries, Shafie said, noting that in Egypt it only stands at 20 percent.

Planning ministry reviews Egypt's plan to upgrade follow-up, performance evaluation mechanisms

Mon, 29 Nov 2021 - 04:07 GMT

Assistant Minister of Planning and Economic Development for Follow-up Affairs of the Sustainable Development Plan Gamil Helmy reviewed the main features of the plan adopted by Egypt to upgrade mechanisms of follow-up and performance evaluation.

Self-assessment is a must for achieving sustainable development - official

Mon, 29 Nov 2021 - 04:02 GMT

The report, he said, aims at expounding challenges facing the country in the different domains of governance, taking into consideration Egypt Vision 2030 and the UN sustainable development goals.

Egyptian economy records highest quarterly growth rate in 20 years - cabinet

Mon, 29 Nov 2021 - 03:59 GMT

This came in an infographic report published by the Information Center under the title of "The Egyptian economy records the highest quarterly growth rate in 20 years".

CAMPAS: Egypt’s non-oil commodity exports jumped by 40% in 9 months

Mon, 29 Nov 2021 - 02:11 GMT

Egypt's imports increased by 16 percent from January to September 2021 to hit $ 61 billion, against $ 52.4 billion of the corresponding period of 2020.

PM: GAFI offers all forms of support to enable startup expansion

Sun, 28 Nov 2021 - 01:08 GMT

Accompanied by Executive Director of GAFI Mohamed Abdel Wahab, Madbouli inspected the pavilions of some projects owned by young entrepreneurs and talked to a number of startup representatives to get acquainted with their unique products and services.