Economy

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  • Category : Economy
  • Communications min.: Egypt will be 'global data center hub' in coming period

    Date: 2018-04-03 10:07:47 GMT - Egypt - Economy - SN:14 - ID:7330994

    Communications and Information Technology Minister Yassir el Qadi said that his ministry's strategy aimed at turning Egypt into a "global data center hub" in the coming period. Speaking at a conference on the future of data center held on Monday ....

  • Bourse indexes down during morning trading

    Date: 2018-04-03 09:42:48 GMT - Egypt - Economy - SN:10 - ID:7330917

    The Egyptian Exchange (EGX) indexes went down collectively during morning trading on Tuesday. The market capital lost about EGP 7.1 billion, registering EGP 977.8 billion. The EGX 30 benchmark index declined 1.57 percent at 17,406.90 ....

  • CBE: Foreign currency reserves up to $42.6 bn by end of March

    Date: 2018-04-02 11:37:01 GMT - Egypt - Economy - SN:7 - ID:7329059

    Foreign currency reserves hit a record high by the end of March, reaching 42.611 billion dollars, the Central Bank of Egypt said Monday. This is a 16.6-percent increase on reserves of February, which amounted to 42.524 billion dollars, the CBE ....

  • Dollar price stable at Egypt's major banks

    Date: 2018-04-01 10:47:12 GMT - Egypt - Economy - SN:3 - ID:7327171

    The US dollar exchange rate was relatively stable at Egypt's major banks on Sunday. The dollar rate reached EGP 17.55 for buying and EGP 17.65 for selling at the National Bank of Egypt and Banque Misr. At Banque du Caire, the dollar exchange ....

  • Bourse gains EGP 150 bln in first quarter of 2018

    Date: 2018-03-30 15:31:59 GMT - Egypt - Economy - SN:14 - ID:7324797

    The Egyptian Exchange (EGX) indexes posted collective gains at a total of EGP 150 billion in the first quarter of 2018. In a quarterly report, a copy of which obtained by MENA on Friday, the Egyptian bourse said the market capital reached EGP ....

  • EGX gains EGP 10 bln in presidential election week - report

    Date: 2018-03-30 11:08:18 GMT - Egypt - Economy - SN:2 - ID:7324358

    The Egyptian Exchange (EGX) gained about EGP 10 billion over the past week amid large purchases by foreign investors, pushed by optimism about an economic breakthrough following the end of Egypt's presidential election. The market capital gained ....

  • All EGX indexes up, benchmark rises 0.8 pct

    Date: 2018-03-29 13:50:09 GMT - Egypt - Economy - SN:9 - ID:7323132

    The Egyptian Exchange (EGX) indexes went up collectively at the close of Thursday's trading amid large purchases by investors after the losses reported over the past days. The market capital gained about EGP 6.1 billion, registering EGP 974.17 ....

  • Dollar exchange rate stable at Egypt's major banks

    Date: 2018-03-29 12:39:57 GMT - Egypt - Economy - SN:6 - ID:7322949

    The US dollar exchange rate was relatively stable at Egypt's major banks on Thursday. The dollar rate reached EGP 17.55 for buying and EGP 17.65 for selling at the National Bank of Egypt. At the Arab African International Bank, the dollar rate ....

  • Finance Ministry to issue treasury bonds at EGP 438.7 bn during 4th quarter of 2017/2018

    Date: 2018-03-29 12:25:14 GMT - Egypt - Economy - SN:4 - ID:7322906

    The Finance Ministry plans to issue treasury bonds worth EGP 438.750 billion during the fourth quarter (April-June) of the current fiscal year 2017/2018. In a statement on Thursday, the ministry said it will sell 91-day, 182-day, 273-day and ....

  • PM: State budget to be referred to parl’t on Thursday

    Date: 2018-03-28 19:16:11 GMT - Egypt - Economy - SN:27 - ID:7321452

    The cabinet will refer the new state budget to the parliament on Thursday, Prime Minister Sherif Ismail said Wednesday. The new budget bodes well, as it includes major mega projects in housing, sewage, roads, oil, electricity, and health sectors, ....

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