Economy

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  • Category : Economy
  • Dollar price stable at major Egyptian banks

    Date: 2018-09-04 15:13:22 GMT - Egypt - Economy - SN:10 - ID:7562126

    The exchange rate of the US dollar was relatively stable during transactions on Tuesday at major banks. At Banque du Caire, it recorded EGP 17.85 for buying and EGP 17.95 for selling. The dollar exchange rate settled at EGP 17.78 for buying ....

  • Maait: We seek attracting investments in coming period

    Date: 2018-09-04 09:51:14 GMT - Egypt - Economy - SN:8 - ID:7561313

    Minister of Finance Mohamed Maait said on Tuesday that the Egyptian government worked over the past period to attract more investments via improving investment infrastructure. Addressing a Euromoney session, he added that his ministry is working ....

  • Mulla underlines importance of increasing oil products

    Date: 2018-09-04 09:48:59 GMT - Egypt - Economy - SN:7 - ID:7561309

    Minister of Petroleum and Mineral Resources Tarek al Mulla has underlined the importance of increasing oil and gas products in the coming period. The remark was made at a meeting of the general assembly of Balaeim Company (Petrobel), said a ....

  • Shaker heads for China to encourage cooperation between electric sector, Chinese companies

    Date: 2018-08-30 21:31:32 GMT - Egypt - Economy - SN:12 - ID:7555036

    Minister of Electricity Mohamed Shaker will head for China on Friday to support and encourage cooperation between the sector of electricity and the Chinese companies. This comes within the framework of boosting ties between Egypt and ....

  • Eni announces gas discovery in the Egyptian Western Desert

    Date: 2018-08-30 21:13:36 GMT - Egypt - Economy - SN:9 - ID:7555024

    Eni announces a gas discovery in the Egyptian Western Desert, the global company posted Thursday on its website. The discovery well has been drilled on the Faramid South exploration prospect located in East Obayed concession, 30 km North-West of ....

  • Egyptian expats remit $26.5 bln during FY 2017/18 - CBE

    Date: 2018-08-30 18:31:56 GMT - Egypt - Economy - SN:7 - ID:7554894

    The Central Bank of Egypt (CBE) announced on Thursday that the remittances of Egyptians abroad witnessed unprecedented increase during the Fiscal Year 2017/2018 as it rose about $4.6 billion. The remittances went up with 21.1% to reach $26.5 ....

  • Bourse gains EGP 5.8 bln

    Date: 2018-08-30 18:18:35 GMT - Egypt - Economy - SN:4 - ID:7554880

    The Egyptian Exchange indexes posted collective gains at the close of Thursday trading, backed by purchases by Arab and foreign institutions and investment funds while the Egyptian investors tended to sell. The market capital gained EGP 5.8 ....

  • Egypt's bourse indices show mixed performance

    Date: 2018-08-26 17:31:42 GMT - Egypt - Economy - SN:1 - ID:7548338

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading on Sunday amid selling operations by Arab and local institutions and investment funds and purchases by foreign investors. The market capital reached EGP 856.4 ....

  • Molla in talks over APEX's Western Desert concessions

    Date: 2018-08-22 10:13:51 GMT - Egypt - Economy - SN:2 - ID:7543584

    Petroleum Minister Tarek el Molla held on Wednesday talks with chairman of the US Apex International Energy Tom Maher over the West Badr El Din and South East Meleiha concessions in western desert of Egypt. A delegation of Blue Water Energy ....

  • ATMs offering coins for citizens to be operated in Cairo soon - Finance Ministry

    Date: 2018-08-21 12:31:34 GMT - Egypt - Economy - SN:7 - ID:7542788

    The Finance Ministry is considering signing an agreement with a European company to buy a number of ATMs that would enable citizens to get coins in exchange for banknotes (paper money). In a statement on Tuesday, the ministry said that a free ....

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