Tawasul
Mubasher TV
Contact Us Advertising   العربية

Local Economy

Minister of Supply and Internal Trade, Ali El-Moselhy
3 hours ago 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
3 hours ago 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
4 hours ago 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
5 hours ago 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 third Annual Sharm El-Sheikh Insurance and Reinsurance Rendezvous
5 hours ago 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
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
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
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.
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
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 vaccines are administered at 781 vaccination centres in Egypt
19 September 04:39 PM Egypt receives 546,000 doses of AstraZeneca vaccine
Cairo – Mubasher: Egypt has recently received 546,000 doses of the AstraZeneca COVID-19 vaccine from the French government.  This is part of the COVAX agreement in cooperation with GAVI Alliance, World Health Organization (WHO), and UNICEF, the …
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 …
Egyptian Exchange
19 September 11:11 AM EGX changes minimum limit of share's closing price
Cairo – Mubasher: The Egyptian Exchange's (EGX) board of directors issued a decision regarding the minimum value of the share's closing prices, effective as of Sunday, 19 September.  The new rules of the share's closing price stipulate that …
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 …
Medium-term loans amounted to EGP 10.2 billion
16 September 05:52 PM Investment loans to agricultural projects in Egypt hit EGP 16.7bn in FY19/20
Cairo – Mubasher: Investment loans provided to farmers and agricultural projects in Egypt rose by 20.6% year-on-year (YoY) to EGP 16.7 billion in fiscal year (FY) 2019/2020, compared to EGP 13.8 billion, according to data by the Central Agency for …
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 …
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 sixth edition of the Builders of Egypt Forum kicked off on Wednesday
15 September 05:21 PM Real Estate Export Council's Head affirms need to expand Egypt's urban area
Cairo – Mubasher: Egypt has established several investment and housing projects over the last seven years since President Abdel Fatah El-Sisi took office, Head of the Real Estate Export Council, Hesham Shokry, said.  During the sixth edition of …
Minister of Health and Population Hala Zayed
15 September 04:12 PM Egypt produces 5m doses of COVID-19 vaccine
Cairo – Mubasher: Egypt has produced 5 million doses of the COVID-19 vaccine, of which 2.5 million will be supplied this week, Minister of Health and Population Hala Zayed said.  A total of 2 million doses will be supplied each week as a new …
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, …
The authority managed to turn to profitability for the first time in FY20/21
15 September 01:34 PM New and Renewable Energy Authority reports EGP 2.8bn revenue in FY20/21
Cairo – Mubasher: Egypt's New and Renewable Energy Authority (NREA) achieved total revenues of EGP 2.8 billion in fiscal year (FY) 2020/2021, up by EGP 600 million from EGP 2.2 billion a year earlier.  During the year ended 30 June, the authority …