Egypt Today highlights the most prominent figures of the budget for 2018/2019 that is considered to be the largest budget in Egypt’s history.
The Arab Monetary Fund approved extending a loan to Egypt to support creating a suitable climate for establishing small- and medium-sized enterprises (SMEs).
Egypt and Germany signed Thursday an agreement to set up two offices for the German Agency for International Cooperation (GIZ) and KfW Development Bank (KFW) in Cairo.
The Egyptian Exchange (EGX) ended Thursday’s session on a mixed note, market capitalization lost LE 1.19 billion ($66.27 million), amid Arab and foreign selling.
The benchmark EGX30 rose 0.09 percent, or 14.75 points, to close at 15,923.66 points.
Head of the Mint Authority Hossam Khedr said on Thursday more metal coins will be pumped into markets soon to face any change shortage especially with the approach of Eidul Fitr feast.
Trade and Industry Minister Tarek Kabil said that a proposal on setting up a gelatin factory in El Roubiki Leather City falls within the framework of promoting the leather industry in Egypt.
Chairman of the Arab Organization for Industrialization (AOI) Abdel Aziz Seif el Din reviewed with Ambassador of Portugal to Egypt Madalena Fischer ways to promote cooperation between the two countries.
Petroleum Minister Tarek el Molla attended the signing of an agreement between the Middle East Oil Refinery (MIDOR) and Italy’s Technip Company for the expansions of MIDOR’s lab.
Russian trade representative in Cairo Nikolai Aslanov said that trade exchange between Egypt and Russia increased 75 percent during the first quarter of 2018 (from January to March 2018), recording $1.664 billion, compared to $1.472 billion during the same period last year.
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