Business
Egypt's imports of passenger cars have declined recently, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
The exports of the ready-made garment sector during the period from January to September of this year achieved 2 billion and 43 million dollars, an increase of 18 percent compared to the same period last year.
During the meeting, the minister and the ambassador discussed ways to support and enhance partnership, cooperation and investment in various fields of electricity, electrical interconnection, new and renewable energy, and the development and modernization of networks.
The Egyptian Minister of Public Business Sector, Eng. Mohamed Shimi has made remarks about the ministry's plans to exploit all available real estate assets.
The French cities of Paris and Marseille will host Egypt Business Forum on Monday and Tuesday.
A cooperation protocol was signed between the Egyptian General Authority for Investment and the United Media Services (UMS) to implement a strategy aiming for raising awareness, marketing and promoting investment in Egypt.
Egyptian Minister of the Public Business Sector Eng. Mohamed Shimi revealed plans to develop the spinning and weaving industry.
A report by Ezz Steel expects that Egypt’s rebar consumption will increase by 5% in 2024 to 6.8 million tons.
The Central Bank of Egypt (CBE) announced that the remittances of Egyptians working abroad increased during July 2024 - for the fifth consecutive month - by 86.8 percent.
The program aims to enhancing Egypt's position as a regional center for the electronics industry and increasing electronics exports by 8 percent annually by 2026/2027.
The Egyptian Minister discussed potential areas for enhanced economic integration, including maritime transport, port connectivity, new city development, urban planning, special and free economic zones, the industrial sector, and technology localization.
The volume of Egyptian exports to Somalia recorded $57 million during the first half of 2024, compared to $31 million during the same period in 2023.
Egyptian Minister of Petroleum and Mineral Resources Eng. Karim Badawi, met Wednesday with new Iraqi Ambassador to Cairo Dr. Qahtan Taha Khalaf, where both discussed ways of enhancing joint cooperation in the fields of oil and gas.
Egyptian Minister of Investment and Foreign Trade Eng. Hassan El Khatib, received Ambassador Michele Quaroni, Ambassador of Italy to Cairo, and held a meeting, where they discussed ways to enhance joint economic cooperation and increase Italian investments in Egypt.
Egypt's Vision 2030 aims to ensure that the energy sector is able to meet all development needs for energy resources and maximize the efficient use of its various sources (traditional and renewable), which leads to an effective contribution to driving the economy and preserving the environment.
The Minister traveled to Accra as part of the Egyptian delegation led by the Prime Minister to participate in the sixth coordination meeting of the African Union and regional economic groupings at the summit level (the 6th Mid-Year Coordination Meeting.)
Engineer Mohamed Shimi welcomed the Norwegian ambassador and the accompanying delegation, noting the depth and distinction of relations between Egypt and Norway, the aspiration to develop economic and industrial cooperation between the two countries, and aiming to attract more Norwegian investments.
Egypt's Ambassador to Japan, Mohamed Abu Bakr, confirmed that the Egyptian economy is taking steady and rapid steps on the path to adapting to the pressures imposed by global crises.
The Ministry of International Cooperation revealed, in a statement, that these efforts resulted in the mobilization of soft financing worth approximately two billion dollars, with $700 million approved by the World Bank’s Board of Directors within the Development Policy Financing (DPF) program.
Data from the Central Agency for Public Mobilization and Statistics revealed today, Tuesday, that the value of trade exchange between Egypt and Jordan reached $864 million during the year 2023, compared to $990 million during the year 2022, as the value of Egyptian exports to Jordan reached $658 million during the year 2023, compared to $732 million during the year 2022.
