Business

Infograph: IMF forecasts rise in Egypt gross international reserves

The International Monetary Fund (IMF) has projected a substantial increase in Egypt’s gross international reserves.

In its staff report for the third review under Egypt’s $8 billion loan programme, the IMF forecast a rise of 40.889 percent from $47.2…

Egypt’s chemical industry exports achive $4M durinh H1 of 2024

During the initial half of 2024, Egypt’s chemical industry exports achieved $4 million, constituting 20% of the nation’s total non-oil exports, as per a report from the Chemicals and Fertilizers Export Council.

Plastic exports for the same period tot…

Badawi Eyes Boosting Cooperation with Eni During Italy Visit

Minister of Petroleum and Mineral Resources Karim Badawi has held an extensive meeting with Eni CEO Claudio Descalzi during his visit to Italy to explore ways to expand collaboration with the Italian energy giant.

During the talks, Eni has affirmed t…

Indian black carbon company plans to build $60M plant in Egypt

India is planning to invest $60 million in establishing a black carbon plant in Egypt. This decision was made during a meeting between Yehia El Wathek Bellah, the Head of the Trade Ministry’s Commercial Representation Authority, and prominent Indian c…

Cathay Pacific grounds 48 flights over A350s engine parts failure

Hong Kong’s Cathay Pacific Airways said it has cancelled 48 flights after discovering an engine glitch in one of its A350 aircraft, public broadcaster Radio Television Hong Kong reported Tuesday.

The city’s flag carrier said it identified an engine …