Category Archives: Economy

Bourse gains EGP 35.2 bln this week, all indexes up

The Egyptian Exchange (EGX) indexes posted collective gains during this week’s trading, according to the bourse’s weekly report. The market capital gained EGP 35.2 billion to reach EGP 539.9 billion compared with EGP 504.7 billion in the previous week, recording

Egypt is creating new 4G cities

Minister of Planning and Economic Development Hala el Saeed said Egypt has started creating a number of 4G cities, taking the total number of new cities to 34. In a report released Friday, Saeed talked about the 11th goal of

Curfew not aimed at undermining economy – PM

Prime Minister Mustafa Madbouli said Thursday that dusk to dawn curfew didn’t aim at undermining the economy, but limiting the unnecessary movement of people to stop the spread coronavirus pandemic among them. Madbouli’s remarks came during his videoconference meeting with

Agricultural, poultry, livestock, fisheries firms to join industrial support initiative

The Central Bank of Egypt (CBE) decided to get companies operating in the agricultural, agro-products manufacturing and packaging, livestock, poultry and fisheries to join an initiative for supporting private industrial sector with 8 percent reducing interest rate. In a statement

ENPPI implements projects worth LE13 bln 2019

The Ministry of Petroleum said that the company of Engineering for Petroleum and Process Industries (ENPPI) implemented projects inside Egypt and in the Middle East during 2019 worth EGP 13 billion. The projects include 63% inside Egypt and 37% outside

Egypt allocates EGP 3.8 bln for healthcare, EGP 4 bln for food: Finance Minister

Minister of Finance Mohamed Maait stated that EGP 3.8 billion have been allocated since the beginning of March to support the healthcare sector, including providing urgent and necessary medical supplies to be able to take preventive measures to combat COVID-19.