Tawasul
Mubasher TV
Contact Us Advertising   العربية

Macroeconomics

Minister of Supply and Internal Trade, Ali El-Moselhy
20 September 05:09 PM Holding Company for Food Industries to build four factories at EGP 7bn cost
Cairo – Mubasher: The Egyptian Minister of Supply and Internal Trade, Ali El-Moselhy, has inaugurated the food development and safety centre affiliated to the Holding Company for Food Industries in Qaha City.  The centre, developed over 3,600 …
Minister of Trade and Industry, Nevine Gamea
20 September 04:53 PM Egypt's food, agricultural exports hit $4.58bn in eight months
Cairo – Mubasher: Egypt's exports of food industries and agricultural crops increased by 13.6% to $4.585 billion in the first eight months of the fiscal year (FY) 2020/2021, compared to $4.035 billion in the year-ago period, the Middle East News …
ASORC injected more than EGP 1.3 billion worth of investments in FY20/21
20 September 04:10 PM Egypt starts pilot operation of $450m gasoline production complex in Assiut
Cairo – Mubasher: Egypt has started the pilot operation of a high-octane gasoline production complex at Assiut Refinery at an investment cost of $450 million, Minister of Petroleum and Mineral Resources Tarek El-Molla said.  Work is underway for …
Egypt's ongoing development cooperation portfolio with the World Bank amounts to $5.8 billion
20 September 03:25 PM Egypt, World Bank explore means to enhance investment in human capital
Cairo – Mubasher: The Minister of International Cooperation, Rania El-Mashat, met with Keiko Miwa, World Bank’s Regional Director for Human Development, in the presence of  Marina Wes, the World Bank Group’s Country Director for Egypt, Yemen, and …
The study is based on a survey conducted to SMB owners and their customers
20 September 03:13 PM 88% of SMBs in UAE optimistic about business future - study
UAE - Mubasher: A total of 88% of small and micro businesses (SMBs) in the UAE have expressed their optimism about the future of their business, including 64% who are very optimistic. Around 49% of SMBs in the UAE referred to the importance of …
The third Annual Sharm El-Sheikh Insurance and Reinsurance Rendezvous
20 September 03:10 PM Net assets of 41 Egyptian insurers amount to EGP 153bn
Cairo – Mubasher: Egypt's insurance industry has shown resilience against the repercussions of the COVID-19 pandemic as insurance companies were able to pay compensation claims via various payment methods, the Chairman of the Financial Regulatory …
The historic site will be developed into MENA's first integrated innovation zone
20 September 01:15 PM Egypt's sovereign fund, Bidayat ink MoU to study Bab El-Azab development project
Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and Bidayat signed a memorandum of understanding (MoU) to study the development of Bab El-Azab area of the Salah El-Din Citadel in Old Cairo into the first integrated innovation zone in the MENA …
Minister of Finance, Mohamed Maait
20 September 12:12 PM Egypt pays EGP 988m for universal health insurance services in Port Said
Cairo – Mubasher: Egypt aims to expand gradually in the implementation of the universal health insurance scheme across several governorates, the Minister of Finance and Chairman of the Universal Health Insurance Authority (UHIA), Mohamed Maait, …
Photo Archive
20 September 11:29 AM Saudi Arabia continues to be China’s top oil supplier in August
Riyadh – Mubasher: Saudi Arabia has retained its position as China's top crude oil supplier for the ninth month in a row during August, Reuters cited official data by China’s General Administration of Customs on Monday. Saudi oil exports to China …
The three-year protocol is in line with the country's efforts to create a cashless society.
20 September 11:14 AM CBE, FRA cooperate to streamline consumer finance payment procedures
Cairo – Mubasher: The Central Bank of Egypt (CBE) has signed a protocol of cooperation with the Financial Regulatory Authority (FRA) for the issuance of licences and approvals under the provisions of consumer finance law no. 18 of 2020 in relation …
The issuance will be used to finance the country’s budget deficit
20 September 10:32 AM CBE offers EGP 12bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 12 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through two-year notes valued at EGP …
The UAE's hotels recorded a 70% increase in the number of local guests
20 September 09:46 AM UAE records 62% hotel occupancy rate in H1-21
UAE - Mubasher: The UAE's tourism sector has witnessed a 62% hotel occupancy rate during the first half (H1) of 2021, topping ten other global tourism destinations. Hotel and tourism establishments in the UAE have attracted around 8.3 million …
The imported goods included wheat, sugar, legumes, and maize
19 September 03:05 PM Ain Sokhna collects EGP 3.4bn taxes, customs in August
Cairo – Mubasher: The Egyptian Customs Authority collected EGP 3.424 billion in taxes, customs duties, and other charges at Ain Sokhna port during August.  The total value of taxes and customs duties collected for imported goods at Ain Sokhna …
The budget deficit is forecast to narrow by 21% to $23 billion in 2030
19 September 01:31 PM Egypt's GDP forecast to reach $943.4bn in 2030 – Fitch Solutions
Cairo – Mubasher: Egypt's nominal gross domestic product (GDP) is expected to surge to $943.4 billion in 2030, compared to $369.3 billion in 2020, according to an infographic by the Egyptian cabinet's Information and Decision Support Center on …
Gold ore led the UAE's exports to the Arab countries
19 September 12:09 PM UAE's trade surplus with Arab countries hits AED 1.3bn in 2020
UAE - Mubasher: The UAE's trade surplus with the Arab countries amounted to around AED 1.3 billion in 2020, according to the latest statistics by the Federal Competitiveness and Statistics Authority (FCSA). The recorded trade surplus is driven by …
The issuance will be used to finance the country’s budget deficit
19 September 10:35 AM CBE offers EGP 11.5bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 11.5 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 91-day notes valued at EGP 6.5 …
Sole establishment companies have led the list with 38%
19 September 09:39 AM Dubai sees 54% higher number of new licenses in August
UAE - Mubasher: Dubai recorded a 54% rise in the number of issued licenses to 5,885 in August 2021, compared to 3,829 in the year-ago period. A higher number of issued licenses proves the ease of doing business in the UAE and the measures taken by …
Photo Archive
16 September 05:07 PM Tadawul approves listing of nearly SAR 7bn government debt instruments
Riyadh – Mubasher: The Saudi Exchange (Tadawul) gave the green light to listing government debt instruments worth SAR 6.67 billion for a class already issued earlier this year. Listing of the debt instruments’ reissue will begin on Sunday, 19 …
Photo Archive
16 September 04:56 PM Saudi oil exports hit six-month high in July
Riyadh – Mubasher: Saudi Arabia’s oil exports increased to 7.65 million barrels per day (bpd) in July, hitting the highest level in six months since recording 7.75 million bpd in January, according to official data on Thursday. The exports volume …
A total of 13 industrial zones are being built across the country
16 September 04:29 PM Port Said attracts EGP 337bn investments in seven years
Cairo – Mubasher: Port Said is Egypt's top governorate in terms of investments allocated by the country over the last seven years with a value of EGP 337 billion, Minister of Local Development Mahmoud Shaarawy revealed.  The governorate has …
The meeting tackled ways of boosting cooperation between Egypt and African countries
16 September 02:29 PM Egypt's El-Mashat discusses 2022/2025 strategic plan with UNDP
Cairo – Mubasher: The Minister of International Cooperation, Rania El-Mashat, met with Khalida Bouzar, the United Nations Development Programme’s (UNDP) Assistant-Secretary General, and Director of the UNDP Regional Bureau for Arab States, to …
Photo Archive
16 September 12:27 PM UAE’s annual inflation up 0.51% in June
UAE – Mubasher: The consumer price index (CPI) of the UAE went up 0.51% in June this year, compared to the same month in 2020, according to official data. On a monthly basis, the inflation was up 0.19% in June compared to May. Four main baskets …
State-run banks are the top purchasers of government debt instruments
16 September 10:22 AM CBE offers EGP 20.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 20.5 billion on Thursday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 182-day notes worth EGP 5.5 …
The project will save 50% of travel time between Ain Sokhna and Alexandria
15 September 03:34 PM Siemens takes part in Egypt's railway development project
Cairo – Mubasher: Siemens Mobility is taking part in Egypt's railway development project as it will install a new high-speed rail network set to transform transportation in the country.  The first project includes the installation of a …
Egyptian expats' remittances reached $2.9 billion in June
15 September 02:45 PM Remittances of Egyptian expats hit $31.4bn in FY20/21
Cairo – Mubasher: Remittances of Egyptians living abroad increased by $3.7 billion or 13.2% to a record $31.4 billion in fiscal year (FY) 2020/2021, compared to $27.8 billion a year earlier, according to initial data.  Over the April-June period, …