Economy

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  • Category : Economy
  • Egypt bourse gains EGP 5.4 bln

    Date: 2018-01-09 16:34:17 GMT - Egypt - Economy - SN:18 - ID:7182667

    The Egyptian Exchange (EGX) continued registering record highs during Tuesday's trading for the third day in a row, amid purchase operations specially by foreign institutions and investment funds. The market capital gained EGP 5.4 billion to ....

  • Dollar exchange rate drops at Egypt's major banks

    Date: 2018-01-09 14:03:35 GMT - Egypt - Economy - SN:9 - ID:7182260

    The US dollar exchange rate went down during morning transactions at major banks on Tuesday. The dollar exchange rate went down by one piaster recording EGP 17.65 for buying and EGP 17.75 for selling at the National Bank of Egypt and Banque ....

  • Finance Ministry auctions T-bonds worth EGP 14 bn

    Date: 2018-01-04 14:46:17 GMT - Egypt - Economy - SN:26 - ID:7174609

    The Finance Ministry auctioned on Thursday treasury bonds at a total value of 14 billion pounds. In an online statement, the Ministry said it sold EGP 6.5 billion of 91-day bonds with an average interest rate hitting 19.202%. It also sold EGP ....

  • Dollar exchange rate shows varies at major bank

    Date: 2018-01-04 11:43:45 GMT - Egypt - Economy - SN:17 - ID:7174117

    The US dollar exchange rate showed varied performance during morning transactions at major banks on Thursday. The dollar exchange rate stood at EGP 17.67 for buying and EGP 17.77 for selling at the National Bank of Egypt. The dollar exchange ....

  • WB official urges establishing sovereign wealth fund in Egypt

    Date: 2018-01-04 09:23:28 GMT - Egypt - Economy - SN:5 - ID:7173705

    A senior World Bank official has stressed the importance of establishing a sovereign wealth fund in Egypt for coming generations. In an interview with the state-run Al Akhbar newspaper, World Bank Group's senior vice president Mahmoud Mohie el ....

  • CBE: Foreign currency reserves hit $37bn for first time

    Date: 2018-01-03 11:12:45 GMT - Egypt - Economy - SN:9 - ID:7172282

    The Central Bank of Egypt on Wednesday announced that foreign currency reserves hit 37.019 billion dollars by the end of December 2017 for the first time in Egypt's history. The figure in November stood at 36.732 billion dollars, said a CBE ....

  • Egypt paid dlrs 30bn of foreign debts - CBE

    Date: 2018-01-02 12:05:31 GMT - Egypt - Economy - SN:12 - ID:7170416

    Egypt has paid around dlrs 30 billion of its financial commitments and foreign debts during 2017 and is committed to paying more than dlrs 12 billion in 2018, according to an official source at the Central Bank of Egypt. In statements to MENA on ....

  • Dollar exchange rate relatively stable at major Egyptian banks

    Date: 2018-01-02 12:01:55 GMT - Egypt - Economy - SN:8 - ID:7170562

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Tuesday. The dollar exchange rate stood at EGP 17.67 for buying and EGP 17.77 for selling at the National Bank of Egypt and and EGP 17.68 for buying ....

  • Minister: EGP 51.5 bln worth projects to develop railways

    Date: 2018-01-01 08:36:30 GMT - Egypt - Economy - SN:5 - ID:7168648

    Minister of Transport Hisham Arafat said Sunday that his ministry was currently conducting projects worth EGP 51.5 billion to develop the railways. The projects include upgrading and modernizing signals, and buying new carriages, Arafat ....

  • EGX ends on green note in last session of 2017

    Date: 2017-12-31 14:32:28 GMT - Egypt - Economy - SN:9 - ID:7168077

    The Egyptian Exchange (EGX) closed on a green note on the last trading day in 2017 backed by proactive and selective purchases by Arab, foreign and Egyptian investors. The EGX 30 benchmark index upped by 0.01 percent to reach 15,019.14 ....

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