Egypt's PMI index at 46.9 in Feb/ Egypt's net foreign reserves rise to $34.352B in Feb/ World Bank grants $9.13M to support Egy climate change efforts
Egypt’s?net foreign reserves?inched up to $34.352 billion at the end of February from $34.224 billion at the end of January,?a central bank data?showed on Sunday.
World Bank?has secured a $9.13 million grant from the Global Environment Facility (GEF) to expand the scope of the Greater Cairo Air Pollution Management and Climate Change Project. The grant would enhance the environmental benefits of the original project, both at the local and global levels, by improving the management of electronic and healthcare waste.
Egypt’s Purchasing Managers’ Index?(PMI) for the non-oil private sector posted 46.9 in February, up from 45.5 in January to signal a softer downturn in inflationary pressures.
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Public investments directed to Minya Governorate in the 2022-2023 plan amounts to LE 4.4 billion, with an annual increase of 29 percent, to implement 324 development projects, according to the Planning Minister, Hala El-Said.
Egyptian Attorney-General Hamada Al-Sawy ordered forming a committee of representatives of the Public Prosecution’s economic affairs department and money laundering department to investigate the crime of stealing EGP 19 million from Egyptians through the cloud mining scam HoggPool.
Egypt's Minister of Finance Mohamed Maait said an annual package of EGP 150 billion to increase salaries and pensions decided by President Abdel-Fattah El-Sisi will cost the state's treasury an estimated amount of EGP 150 billion.
The Central Bank of Egypt (CBE) has announced an increase in domestic liquidity in the banking sector to EGP 7.737trn in January 2023, compared to EGP 7.402trn in December 2022, an increase of EGP 334.3bn.