Economy

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  • 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 ....

  • Bourse recovers, gains EGP 5.1 billion; all indexes up

    Date: 2018-02-05 13:42:19 GMT - Egypt - Economy - SN:18 - ID:7229115

    The Egyptian Exchange indexes recovered and posted collective gains at the close of Monday's trading, backed by purchases by Arab and foreign institutions and investment funds, surpassing a drop in the US bourse over the past weekend. The market ....

  • Egypt, Kuwait discuss developing petroleum cooperation

    Date: 2018-02-05 12:13:07 GMT - Egypt - Economy - SN:9 - ID:7228829

    Petroleum Minister Tarek el Molla discussed on Monday with interim board chairman of Kuwait Energy company Abby Badwi the activities of the company in concession areas and spheres for developing cooperation in oil and natural gas exploration. In ....

  • CBE: Egyptian banks' hard currency toll hits 5.6 billion dollars in January

    Date: 2018-02-05 10:50:48 GMT - Egypt - Economy - SN:6 - ID:7228546

    The Egyptian banking sector's toll of hard currency hit 5.6 billion dollars in January, recording a 1.5-billion-dollar increase compared with December, deputy governor of the Central Bank of Egypt Rami Abul Naga told MENA late on Sunday. He said ....

  • Dollar exchange rate stable at Egypt's major banks

    Date: 2018-02-05 10:26:10 GMT - Egypt - Economy - SN:2 - ID:7228489

    The US dollar exchange rate was relatively stable during morning transactions at major banks Monday. The dollar price reached EGP 17.62 for buying and 17.72 for selling at the National Bank of Greece and Banque Misr. At the Commercial ....

  • Parliament secretary: Third Investment Forum opportunity for promoting economic reform

    Date: 2018-02-04 10:46:18 GMT - Egypt - Economy - SN:2 - ID:7226610

    Parliament Social Affairs Committee Secretary Mohammad Abdel Hamid said Egypt's hosting of the Third Investment Forum under the auspices of President Abdel Fattah El Sisi is a good opportunity for promoting the new investment law and recent economic ....

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