Category Archives: Economy

EGYPTIAN EMBASSY: 50 TONS OF FOOD AID ARRIVE AT BEIRUT PORT

The Egyptian Embassy in Lebanon on Tuesday announced in a statement that 50 tons of food aid provided by the Melkite Greek Catholic Patriarchate in Egypt to Lebanon’s Maronite Patriarchate, Roman Catholic Patriarchate, Greek Orthodox Patriarchate, and the Islamic Charitable

TURKISH LIRA HITS FRESH RECORD LOW

The Turkish Lira fell to a new record low of 7.6374 per US dollar on Tuesday, surpassing the previous lifetime low of 7.6363 reached on Monday. The currency depreciated by 1% on Monday – the biggest single-day decline since Aug.

Egypt, DRC seek to boost cooperation in field of electricity

Electricity Minister Mohamed Shaker met Monday with Jean-Claude Kabongo, special investment adviser to the Congolese president, to discuss means of boosting bilateral cooperation in the field of electricity. Shaker posted Kabongo on potentials of the power and energy sector in

PM: Central Business district to be icon of new capital

Prime Minister Moustafa Madbouli on Saturday said that the Central Business District will be the landmark of the New Administrative Capital and a destination for Egyptians. The premier, along with Housing Minister Essam el Gazzar, was touring the new capital

Finance Minister: Thanks to economic reforms, we managed to overcome COVID-19 crisis

The government managed to contain the impact of COVID-19 thanks to the reforms adopted by the political leadership and embraced by the Egyptian people over the past years, Finance Minister Mohamed Maait said Saturday. These reforms made the country’s economy

GOEIC: Egypt’s exports of petroleum oils hit $855 mln in August

The General Organization for Import and Export Control (GOEIC) announced that petroleum oils topped Egypt’s key 20 non-petroleum exports in August, with an estimated value of $855 million. In a statement released Thursday 17/09/2020, the GOEIC said gold came second