The Egyptian Exchange gained 11.9 billion pounds at the end of trading on Sunday 7/3/2021 on the back of strong performance of shares of petrochemical companies due to the big rise in world oil prices.The EGX 30 benchmark index upped by 1.98 percent, r…
Category: Economy
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EGP 104 bn allocated to Upper Egypt in public investments
The Planning Ministry said 104-billion-pound public investments were allocated for Upper Egypt in 2020-2021 development plan, up by 27% compared with the past three years.A report by the ministry on Thursday said the sustainable development plan for th…
Sports Ministry to support clubs with EGP 42 mn to maintain their financial stability
Minister of Youth and Sports Ashraf Sobhi on Monday approved disbursing EGP 42 million as a financial support to all sports clubs across the country.In statements, Sobhi said the financial support comes as part of the ministry’s keenness to maintain th…
Trade and Industry Minister: We review legislation to be appropriate to economic conditions
Minister of Trade and Industry Nevine Gamea said that her ministry reviews legislation related to the sectors of trade and industry to make sure that they cope with economic conditions, as well as local and international changes.During a meeting of the…
Sisi: Implementation of amendment to real estate law postponed for at least two years
President Abdel Fattah El Sisi has been briefed on the efforts made to facilitate procedures for citizens as regards property registration, directing the officials concerned to postpone the implementation of law no. 186/2020, which amends the Real Esta…
Planning Minister: Egypt needs $20bln to achieve SDGs
Planning Minister Hala el Saeed said on Tuesday that Egypt is in need of 20 billion dollars to achieve its sustainable development goals by 2030.In a speech read out by her deputy Sherif Dawood at the 7th African Regional Forum for Sustainable Developm…