Economy

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  • Category : Economy
  • Bourse loses EGP 11.3 bln

    Date: 2018-10-25 14:21:14 GMT - Egypt - Economy - SN:1 - ID:7638995

    Egyptian Exchange (EGX) indexes posted collective loses at the close of trading on Thursday amid selling operations by domestic institutions and investment funds, while the Arab and foreign investors tended to purchase. The market capital lost ....

  • Ministerial committee tackles Egyptian investments in Africa

    Date: 2018-10-22 17:09:20 GMT - Egypt - Economy - SN:6 - ID:7633913

    The economic ministerial committee held a meeting Monday under Prime Minister Mostafa Madbouli in the presence of the ministers of international cooperation, planning, finance, agriculture, investment, trade and industry, and business ....

  • Bourse gains EGP 2.3 bln

    Date: 2018-10-22 15:09:40 GMT - Egypt - Economy - SN:2 - ID:7633690

    The Egyptian Exchange indexes posted collective gains at the close of Monday's trading, backed by purchases by Arab and foreign institutions and investment funds besides Egyptian investors. The market capital gained EGP 2.3 billion to reach EGP ....

  • Egypt ranks first as investment-magnet African country - official

    Date: 2018-10-07 18:31:57 GMT - Egypt - Economy - SN:3 - ID:7610806

    Egypt ranks the first among African countries in 2017 in terms of attracting Foreign direct investments, said CEO of COMESA Regional Investment Agency (RIA) Heba Salama. In 2017, foreign direct investments in Egypt were estimated at 7.4 billion ....

  • PM witnesses signing of two deals with IDB

    Date: 2018-10-04 16:55:45 GMT - Egypt - Economy - SN:3 - ID:7607004

    Prime Minister Mostafa Madbouli on Thursday witnessed the signing of two agreements with the Islamic Development Bank (IDB). The first agreement is meant to establish a regional headquarters for the IDB group in Cairo. Meanwhile, the second ....

  • All EGX indexes down, benchmark slides 1.46 pct

    Date: 2018-10-04 14:07:16 GMT - Egypt - Economy - SN:1 - ID:7606734

    The Egyptian Exchange (EGX) indexes went down collectively at the close of Thursday's trading amid sales by foreign institutions and investment funds. Meanwhile, purchases prevailed in transactions of local and Arab investors. The market ....

  • Competitive EGP improves external balances, says JP Morgan

    Date: 2018-10-03 22:20:19 GMT - USA - Economy - SN:4 - ID:7605671

    A more competitive pound, rising hydrocarbon production, and security stability improved Egypt’s current account deficit, which came in slightly better than our forecast and eased to 2.4% of GDP in the 2017/18 fiscal year which ended in June, from ....

  • Untapped assets of spinning, weaving companies hit EGP 40-45bln - Minister

    Date: 2018-09-29 16:47:27 GMT - Egypt - Economy - SN:2 - ID:7598702

    Public Business Sector Minister Hisham Tawfiq said that the ministry-affiliated companies own huge sums of unutilized assets. During his visit to the Delta Fertilizers and Chemical Industries Company in Dakahlia governorate, the minister noted ....

  • CBE keeps interest rates on deposits, loans unchanged

    Date: 2018-09-27 22:59:55 GMT - Egypt - Economy - SN:9 - ID:7596526

    The Central Bank of Egypt decided on Thursday to stabilize the interest rate for one night on deposits and loans at 16.75 and 17.75 percent respectively. The decision was made by the CBE Monetary Policy Committee during a meeting held earlier in ....

  • All EGX indexes up, benchmark surges 0.14 pct

    Date: 2018-09-27 15:18:40 GMT - Egypt - Economy - SN:3 - ID:7596115

    The Egyptian Exchange (EGX) indexes went up collectively at the close of Thursday's trading, pushed by purchases of local and Arab investors. The market capital gained about EGP 600 million to register EGP 801.9 billion, after transactions ....

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