Economy

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  • Category : Economy
  • Dollar price stable at major banks

    Date: 2018-09-06 11:13:43 GMT - Egypt - Economy - SN:4 - ID:7564900

    The exchange rate of the US dollar was relatively stable during transactions on Thursday at major banks. The dollar exchange rate settled at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt and Banque Misr. At ....

  • Egypt purchases 60,000 tons of Russian wheat

    Date: 2018-09-05 19:51:04 GMT - Egypt - Economy - SN:7 - ID:7564223

    The General Authority For Supply Commodities (GASC) inked a contract, on behalf of the Supply and Internal Trade Ministry, to import 60,000 tons of Russian wheat via an international tender. In statements on Wednesday, GASC deputy head Ahmed ....

  • CBE: Cash reserve rises to $44.4 bln during August

    Date: 2018-09-05 12:59:53 GMT - Egypt - Economy - SN:4 - ID:7563515

    The Central Bank of Egypt (CBE) said that the cash reserve of foreign currency increased by $105 million during August to reach $44.419 billion compared to $44.314 billion during July. ....

  • 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 ....

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