Business

18:08

cairo, gmt + 2

17 May

Monday, 2021

ElSewedy Electric's profits rise 66% in Q1 of 2021

Business

Mon, 17 May 2021 - 03:52 GMT

It recorded a net profit of LE 769.49 during the first quarter of 2021, compared to profits of LE 463.69 million during the first quarter of 2020, taking into account minority rights.

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Presidential decree approving grant to fund sustainable management of persistent organic pollutants

Mon, 17 May 2021 - 02:28 GMT

The grant aims to support pollution management and environmental health to fund the sustainable management of persistent organic pollutants project, signed on October 26, 2020.

French investments in Egypt increased 17.9% during 2019/2020

Mon, 17 May 2021 - 02:20 GMT

Trade exchange between Egypt and France recorded $2.2 billion in 2020, compared to $2.4 billion in 2019, with a decrease of 6.9 percent.

LE 308.3B allocated to economic bodies in new budget: min.

Mon, 17 May 2021 - 02:05 GMT

Economic bodies, totaling 57, are the pillars of economic activities in Egypt and they contribute to improving business climate in a way that serves national economy.

Egypt's Senate approves in principle Sovereign Sukuk Act

Mon, 17 May 2021 - 01:55 GMT

Senators praised the bill, stressing that it brings unconventional investments, complies with Islamic law, and preserves the state's right to ownership of assets and the rights of investors.

Al-Mashat discusses Egypt’s digital transformation amid new world of digitization post-pandemic

Mon, 17 May 2021 - 01:04 GMT

This came during a virtual panel organized by Siemens Middle East, titled “Technology with Purpose for the Middle East”.

Egypt's central bank issues LE 23.5B in T-bills, bonds Monday

Mon, 17 May 2021 - 12:51 GMT

As for the t-bonds, they were valued at LE 6 billion with a five-year term.

Egyptian regulatory institute fines cell phone service providers

Sun, 16 May 2021 - 02:06 GMT

The National Telecommunication Institute (NTI) imposed fines worth LE20.65 million on cell phone service providers.

Egypt introduces natural gas in 3.5M units since mid-2018

Sat, 15 May 2021 - 07:43 GMT

The goal is substituting the use of butane-gas cylinders subsidized by the government.

38K out of 70K applicants eligible to get subsidized gas-powered cars from Egyptian government

Sat, 15 May 2021 - 07:12 GMT

Mait added that since April until present, 500 cars have been delivered to beneficiaries with the state funding them with LE16.2 million.

WB: Egypt fifth among world's most remittance recipient countries in 2020

Sat, 15 May 2021 - 12:41 GMT

Officially recorded remittance flows to low- and middle-income countries reached $540 billion in 2020, just 1.6 percent below the 2019 total of $548 billion.

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