Economy

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  • Category : Economy
  • Bourse gains EGP 2.5bn

    Date: 2018-05-15 13:49:20 GMT - Egypt - Economy - SN:16 - ID:7402376

    The Egyptian Exchange indexes posted gains at the close of Tuesday's trading, backed by purchases by Arab and foreign institutions and investment funds. The market capital gained EGP 2.5 billion to reach EGP 954.2 billion amid transactions that ....

  • Dollar exchange rate up at major Egyptian banks

    Date: 2018-05-15 12:40:38 GMT - Egypt - Economy - SN:12 - ID:7402177

    The US dollar exchange rate inched up at major banks on Tuesday. The dollar exchange rate went up by three piasters recording EGP 17.72 for buying and EGP 17.82 for selling at the National Bank of Egypt and Banque Misr. The dollar exchange ....

  • EGP 1.8 billion earmarked for passenger transportation in 2018/2019 budget - ministry

    Date: 2018-05-14 11:00:31 GMT - Egypt - Economy - SN:1 - ID:7399854

    The Finance Ministry said 1.8 billion pounds were earmarked for passenger transportation in the 2018/2019 budget, up 89 million pounds from the previous budget. Out of the 1.8 billion pounds, 350 million pounds were allocated for discounted fairs ....

  • 53 ships transit Suez Canal

    Date: 2018-05-09 14:00:54 GMT - Egypt - Economy - SN:11 - ID:7391985

    Fifty-three ships transited the Suez Canal on Wednesday, with a total cargo of 3.9 million tons. The south-bound convoy included 26 vessels carrying 1.8 million tons, while the north-bound convoy included 27 ships laden with 2.1 million tons, ....

  • Bourse gains EGP 9.6 bln.

    Date: 2018-05-08 14:27:57 GMT - Egypt - Economy - SN:16 - ID:7390193

    The Egyptian Exchange indexes posted gains at the close of Tuesday's trading, backed by purchases by Arab institutions and investment funds. The market capital gained EGP 9.6 billion to reach EGP 990.9 billion amid transactions that hit EGP 1.5 ....

  • Egyptian-Ugandan trade exchange hit $66m

    Date: 2018-05-08 12:25:03 GMT - Egypt - Economy - SN:11 - ID:7389829

    Minister of Trade and Industry Tarek Kabil on Tuesday said that trade exchange between Egypt and Uganda in 2017 hit 66 million dollars at an increase rate of 27 percent compared to 2016. Addressing the Egypt-Uganda Business Forum, he added that ....

  • Assar: Egyptian-Chinese agreement to set up car tire manufacturing company

    Date: 2018-05-08 12:19:49 GMT - Egypt - Economy - SN:10 - ID:7389816

    State Minister for Military Production Mohamed Saaed el Assar attended on Tuesday the signing of a memorandum of understanding between the National Organization for Military Production (NOMP) and China's Poly International company to set up a joint ....

  • Dollar price up at major Egyptian banks

    Date: 2018-05-08 11:36:29 GMT - Egypt - Economy - SN:7 - ID:7389678

    The US dollar exchange rate went up at major banks on Tuesday. The dollar exchange rate went up by four piasters recording EGP 17.61 for buying and EGP 17.71 for selling at the National Bank of Egypt. At Banque Misr, the dollar price went up ....

  • Egypt out of danger; economic stability resorted - IMF official

    Date: 2018-05-07 17:36:49 GMT - Egypt - Economy - SN:20 - ID:7388615

    First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton asserted Monday that Egypt has become out of danger and restored overall economic stability and confidence in its markets. Path of the growth rates in Egypt has ....

  • Oil minister: Zohr gas field production increased to 1bln cubic meters daily before Ramadan

    Date: 2018-05-07 15:44:42 GMT - Egypt - Economy - SN:15 - ID:7388440

    Minister of Petroleum Tarek el Mollah said Monday Zohr gas field production will rise to 900,000 million cubic meters per day before the fasting month of Ramadan. At a joint press conference with Cypriot Minister of Energy Yiorgos Lakkotrypis, he ....

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