Economy

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  • Dollar exchange rate up during morning trading

    Date: 2018-02-13 13:38:22 GMT - Egypt - Economy - SN:14 - ID:7243792

    The exchange rate of the US dollar rose against the Egyptian pound during morning trading on Tuesday. The dollar price reached EGP 17.63 for buying and 17.73 for selling at Banque Du Caire. At the Commercial International Bank (CIB), the ....

  • Dollar exchange rate up during morning trading

    Date: 2018-02-12 10:39:11 GMT - Egypt - Economy - SN:5 - ID:7241308

    The exchange rate of the US dollar rose against the Egyptian pound during morning trading on Monday. The dollar price reached EGP 17.61 for buying and 17.71 for selling at Banque Du Caire. At the Commercial International Bank (CIB), the ....

  • Banque du Caire establishes financial leasing subsidiary

    Date: 2018-02-08 07:23:00 GMT - Egypt - Economy - SN:2 - ID:7233881

    Banque du Caire had the Central Bank of Egypt’s (CBE) approval allowing it to establish a financial leasing subsidiary with an authorized capital of EGP 500 million and paid-in-capital worth EGP 100 million. Banque du Caire Chairman and CEO Tarek ....

  • Egypt's foreign debts hit dlrs 80.8bln in Sept 2017-CBE

    Date: 2018-02-07 14:34:12 GMT - Egypt - Economy - SN:24 - ID:7232997

    The Central Bank of Egypt (CBE) said Wednesday that the country's foreign debts reached at the end of last September 80.8 billion dollars recording a 1.8 billion dollar increase over July 2017. A statement issued by CBE, a copy of which MENA ....

  • Bourse gains EGP 13bn

    Date: 2018-02-07 13:56:16 GMT - Egypt - Economy - SN:17 - ID:7232791

    Egyptian Exchange recorded collective gains during morning tradings on Wednesday supported by foreign institutions and investment funds' purchases. Market capitalization won around EGP 13 billion, recording EGP 853.9 billion. The benchmark ....

  • Dollar exchange rate slightly down at major Egyptian banks

    Date: 2018-02-07 12:15:42 GMT - Egypt - Economy - SN:13 - ID:7232681

    The US dollar exchange rate was relatively down during morning transactions at major banks Wednesday reaching a moderate rate of EGP 17.59. Meanwhile, the dollar price was stable reaching EGP 17.59 for buying and 17.69 for selling at the National ....

  • Global stock markets crash not to affect Egypt's program to issue int'l bonds- official

    Date: 2018-02-06 15:58:24 GMT - Egypt - Economy - SN:26 - ID:7231294

    CAIRO, Feb 6 (MENA) – The crash of the global stock markets since the end of the last week will not affect Egypt’s program to issue international bonds worth four to five billion dollars and will have no effect on the rates of their revenues, said a ....

  • EGX sees biggest daily loss in 2018 of EGP 15 bln

    Date: 2018-02-06 15:41:47 GMT - Egypt - Economy - SN:20 - ID:7231215

    The Egyptian Exchange (EGX) indexes went down collectively at the close of Tuesday's trading, affected by a global stocks tumble with US stocks suffering their worst fall in more than six years. Sales prevailed in transactions of Arab and ....

  • Dollar exchange rate down at Egypt's major banks

    Date: 2018-02-06 10:02:59 GMT - Egypt - Economy - SN:9 - ID:7230309

    The US dollar exchange rate was relatively stable during morning transactions at major banks Tuesday. The dollar price went down by 3 piasters reaching EGP 17.59 for buying and 17.69 for selling at the National Bank of Egypt and Banque Misr. ....

  • Egyptian bourse loses over EGP 20 bln at start of trading session

    Date: 2018-02-06 08:52:47 GMT - Egypt - Economy - SN:7 - ID:7230132

    The Egyptian Exchange indexes thudded down at the beginning of Tuesday's trading session over a drop in the US bourse in the weekend. The market capital lost EGP 20.5 billion to reach EGP 853.7 billion. The EGX 30 benchmark index hurtled down ....

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