cairo, gmt + 2
Tue, 04 Oct 2022 - 04:28 GMT
The benchmark EGX30 increased 2.46 percent, or 237.96 points, to end at 9,923.81 points.
The index signaled a solid deterioration in business conditions, albeit one that was the joint-weakest for seven months, it revealed.
According to Ahmed Abdel Hamid, the Head of the Building Materials Division of the Federation of Industries, "there is an exceptional circumstance in the industry and economy in the world, but Egypt is able to exceed this period."
The Petrochemical Holding Company aims to produce green petrochemicals to preserve the environment and keep pace with the global trend to reduce the harmful impact resulting from the disposal of plastic products and other waste.
Fares Village in Kom Ombo, Aswan, will be displayed as a model for the Green Village in COP27, which Egypt hosts in Sharm El-Sheikh in November.
Planning and Economic Development Minister Hala el Saeed said in statements Monday that the global governance indicators measure the quality of governance for more than 200 countries.
The benchmark EGX30 inched down 0.02 percent, or 1.51 points, to end at 9,685.85 points.
“Kuwait is the third largest Arab trading partner, and the fourth largest global trading partner among the investing countries," Maait said.
The minister, meanwhile, said that the political leadership is keen on stimulating private sector activity, especially that Egypt has an advanced infrastructure and ability to accommodate investment expansion in the various sectors.
After this deal, the number of Saudi sovereign fund deals in Egypt increases to 5, with a total investment of $1.450 billion.
This project will strengthen the railway network in Egypt, one of the largest railway networks in the African continent; enhancing the country’s green transition and move towards low carbon emissions.