Wed, 20 Jan 2021 - 05:00 GMT
This came during Al-Mashat’s presentation of the results of the periodic monitoring of development projects that were implemented throughout the year 98 percent of the projects are on the right track in implementation with no constraints
The benchmark EGX30 hiked 0.98 percent, or 113.1 points, to end at 11,598.9 points.
The economic reform program achieved tangible achievements in a short period, which reflected positively on development efforts, and helped the state support the national economy, implement policies to stimulate continued work.
Sisi said Wednesday that 2020 was full of difficult challenges and negative repercussions resulting from COVID-19 crisis which has changed the world.
The benchmark EGX30 inched up 0.31 percent, or 35.26 points, to end at 11,485.8 points.
The modified methodology requires the value of the adjusted market capitalization to be not less than the median of the adjusted market capitalization for the top 60 companies in terms of liquidity.
These activities include money market activities, the stock exchange, real estate finance, micro, medium and micro finance, consumer finance, insurance and financial leasing and factoring, Omran clarified.
Some 3.1 million persons have benefited from the funds, said FRA chairman Mohamed Omran in a press conference Tuesday.
The contracts recorded LE 58.6 billion during 2020, compared to LE 55.9 billion during 2019, marking an increase of 4.8 percent.
Egypt's trade deficit with the countries of the world during 2020 amounted to about $38.291 billion, compared to $46.225 billion during 2019.
Nasr automobile company signed two on Tuesday with Chinese company Dongfeng Motor to qualify Nasr factory to produce electric cars.