Business & Finance

PM inspects EEPI factory in Alexandria

Prime Minister Moustafa Madbouli inspected, during an extended tour in Alexandria on Saturday 3/8/2024, European Egyptian Pharmaceutical Industry (EEPI) which produces medical devices, medicines and supplementary.

Madbouli’s inspection includes visit…

CAPMAS: Egypt trade deficit narrows by 10.3% year-on-year

Egypt’s trade deficit narrowed by 10.3 percent year-on-year (YoY) in May to reach $3.5 billion, down from $3.9 billion a year earlier, the Central Agency for Public Mobilization and Statistics (CAPMAS) stated Saturday 3/8/2024.

According to the CAPMA…

PM: We are keen on supporting national industry

Prime Minister Mostafa Madbouli asserted the state is keen on supporting and encouraging the national industry and solving any problems facing investors.

The industry sector is the “hope” for boosting the Egyptian economy, added the premier at a pres…

middleeastnewsreleases.com 2024-08-03 00:00:00

Prime Minister Moustafa Madbouli inspected a number of factories of the free investment zone in Alexandria.

This came during the premier’s tour on Saturday that started with visiting the Alex Apparels for Readymade Garments.

The Premier was accompan…

Algeria, Italy Sign MoU in Electricity Exports Field

Algeria and Italy on Wednesday signed a memorandum of understanding (MoU) in the field of electricity exports to Europe.

The Algerian energy group Sonatrach said that the MoU was signed in partnership between Sonatrach, the Algerian electricity and g…

Egypt, Saudi Arabia Cooperate To Boost Bilateral Investments

Prime Minister Mostafa Madbouly engaged in discussions with Saudi Minister of Investment, Khalid Al-Falih, focusing on enhancing cooperation and fostering investments between their nations.

During their meeting, Madbouly highlighted Egypt’s success i…

Yen Rises, Dollar Falls as Federal Reserve Signals Rate Cut

The US dollar declined today after the Federal Reserve (US Central Bank) kept the door open for a rate cut in September, helping stabilize the yen near its highest level since March following the Bank of Japan’s shift towards a tightening policy The y…

Mashat: Egypt looking forward to boosting Saudi investments

Egyptian Minister of Planning and International Co-operation Rania al-Mashaat asserted the diverse Saudi investments in Egypt citing hundreds of Saudi companies operating in vital sectors in Egypt.

The minister said the government is looking forward …

S. Korea’s Exports Rise 13.9% in July

South Korea’s exports extended on-year gains to the tenth straight month in July on the back of the robust performance of semiconductors, data showed Thursday.

Outbound shipments rose 13.9 percent on-year to USD 57.4 billion last month, according to …

Oil prices jump nearly 3 % as US inventories fall

Oil futures jumped about three percent amid investor concerns about the expansion of the conflict in the Middle East, and after a sharp decline in US crude inventories.

Brent crude futures for September delivery rose $2.09 per barrel, or 2.66 %, to $…

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