Economy

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  • Category : Economy
  • Bourse gains EGP 3.7 bln at end of Tuesday trading

    Date: 2018-05-29 14:29:53 GMT - Egypt - Economy - SN:14 - ID:7421885

    The Egyptian Exchange indexes posted collective gains at the close of Tuesday's trading, backed by purchases by local and foreign institutions and investment funds. The market capital gained EGP 3.7 billion to reach EGP 954.2 billion, after ....

  • Bourse gains EGP 1.1 bln; all indexes up

    Date: 2018-05-28 12:52:43 GMT - Egypt - Economy - SN:14 - ID:7420218

    The Egyptian Exchange indexes posted collective gains at the close of Monday's trading, backed by purchases by local and foreign institutions and investment funds. The market capital gained EGP 1.1 billion to reach EGP 949.5 billion, after ....

  • Bourse indexes show mixed performance

    Date: 2018-05-27 12:30:57 GMT - Egypt - Economy - SN:12 - ID:7418685

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

  • Suez Canal revenues up 13.4 pct in first 5 months of 2018 - Mamish

    Date: 2018-05-26 16:41:56 GMT - Egypt - Economy - SN:2 - ID:7417747

    President Abdel Fattah El Sisi met on Saturday with Chairman of the Suez Canal Economic Zone Mohab Mamish, acting chief of the General Intelligence Service Abbas Kamel also attended the meeting. The Suez Canal revenues increased 13.4 percent ....

  • EGX gains EGP 200 mln over past week

    Date: 2018-05-25 10:06:25 GMT - Egypt - Economy - SN:7 - ID:7416018

    The Egyptian Exchange (EGX) indexes gained a total of EGP 200 million over the past week. In a weekly report, a copy of which was obtained by MENA on Friday, the EGX said the market capital increased to EGP 948.5 billion up from EGP 948.3 ....

  • Finance Ministry: Budget deficit reaches EGP 218bn in 7 months

    Date: 2018-05-22 10:59:03 GMT - Egypt - Economy - SN:12 - ID:7411738

    The budget deficit has reached 218 billion pounds during the first half of 2017-2018, the Finance Ministry said in a report. This deficit makes up 5.1 percent of the total GDP, it noted. Revenues upped to 353.7 billion pounds from 273.2 ....

  • Egypt's bourse loses EGP 1.9 billion

    Date: 2018-05-20 18:37:54 GMT - Egypt - Economy - SN:11 - ID:7409602

    Egypt's Exchange indices showed mixed performance at the end of trading on Sunday amid selling operations by foreign institutions and investment funds and purchases by Arab investors. The market capital lost EGP 1.9 billion to reach EGP 946.4 ....

  • Dollar rate stable at major banks

    Date: 2018-05-20 10:35:43 GMT - Egypt - Economy - SN:7 - ID:7408790

    The US dollar exchange rate was stable at major banks on Sunday. The dollar rate stood at EGP 17.77 for buying and EGP 17.87 for selling at the National Bank of Egypt. At Banque du Caire and the Commercial International Bank (CIB), the dollar ....

  • Albania seeks to promote economic, trade cooperation with Egypt - amb.

    Date: 2018-05-20 08:14:51 GMT - Egypt - Economy - SN:4 - ID:7408572

    Albanian Ambassador to Egypt Eduard Sulo stressed that his country seeks to promote economic and trade cooperation with Egypt. In an interview with MENA, the diplomat said the trade exchange between the two countries hit 22 million dollars last ....

  • IMF staff reaches staff-level agreement on 3rd review for Egypt’s Extended Fund Facility

    Date: 2018-05-18 09:10:47 GMT - Egypt - Economy - SN:4 - ID:7406320

    The International Monetary Fund (IMF) staff team and the Egyptian authorities have reached a staff-level agreement on the third review of Egypt’s economic reform program, which is supported by the IMF’s SDR 8.597 billion (about $12 billion) ....

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