Business

18:24

cairo, gmt + 2

31 January

Tuesday, 2023

Magazine

Magazine Egypttoday February 2022 / March 2022

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Egypt spends LE 42.5B in export support for 2,500 companies

Mon, 30 Jan 2023 - 06:30 GMT

These initiatives help provide the necessary cash liquidity to ensure the rotation of the economy and enable exporters to fulfill their obligations

Egypt has political will to stimulate investments: Finance Minister

Mon, 30 Jan 2023 - 06:01 GMT

Egypt is carrying out different development projects that provide distinguished investment opportunities in promising sectors, Maait added.

Trade exchange between Egypt, US increase 12.2% in 10 months

Mon, 30 Jan 2023 - 05:52 GMT

The Egyptian exports to the US decreased 5.2 percent to reach $2 billion during the first 10 months of 2022, compared to $2.1 billion in the same period in 2021.

Dollar price increases at end of transactions at Egypt's major banks

Mon, 30 Jan 2023 - 05:43 GMT

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered LE 29.90 for buying and LE 30.00 for selling.

EGX ends Monday in red zone, market cap. loses LE23.66B

Mon, 30 Jan 2023 - 05:40 GMT

The benchmark EGX30 decreased 2.21 percent, or 384.82 points, to end at 17,026.64 points.

3 companies enter EGX30 after periodic review

Mon, 30 Jan 2023 - 05:20 GMT

According to the stock exchange statement issued today, the three companies joining the EGX30 are (Abu Dhabi Islamic Bank - Egypt, Edita Food Industries, Taaleem Management Services).

Egypt, IFC discuss expansion of development finance to increase private sector participation

Mon, 30 Jan 2023 - 04:45 GMT

The Minister pointed out the importance of expanding the scope of cooperation between the IFC and private sector companies in Egypt through credit lines to banks to promote the development of small, medium and micro enterprises (SMEs), in addition to the availability of green bonds, to increase investments in various fields.

Brazil, Argentina discuss issuing new common currency to reduce reliance on dollar

Mon, 30 Jan 2023 - 04:26 GMT

Brazil’s President Luiz Inacio and Argentina’s President Alberto Fernández wrote in an Argentinian paper –Perfil- on Sunday Jan 22, 2023 that they wanted more integration between the two neighboring countries.

Egyptian Tax Authority denies imposing new taxes on educational certificates

Mon, 30 Jan 2023 - 03:33 GMT

Rumors regarding imposing new taxes on official documents and educational certificates have been rapidly circulated on social media cites since Saturday.

Egypt aims to achieve 5-6% GDP growth in FY 2024/25, 2.1% primary surplus in FY 2023/24: PM

Mon, 30 Jan 2023 - 11:38 GMT

Egypt aims to achieve a growth in GDP worth 5-6 percent in the fiscal year 2024-2025 and a 2.1 percent in primary surplus in the FY 2023-2024, Prime Minister Mostafa Madbouli said on Monday.

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