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Bourse loses EGP 5.9 bln, all indexes fall back
Date: 2018-07-05 13:16:48 GMT - Egypt - Egypt - SN:11 - ID:7474847
The Egyptian Exchange indexes posted collective losses at the close of Thursday's trading, prompted by selling operations by foreign institutions and investment funds while the Arab and Egyptian investors tended to purchase. The market capital ....
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Dollar prices stable at Egypt's major banks
Date: 2018-07-05 12:14:30 GMT - Egypt - Economy - SN:10 - ID:7474691
The exchange rate of the US dollar was relatively stable during end of the week transactions at major banks on Thursday. 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 ....
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CBE: Egypt's net foreign reserves rise to USD 44.258 bn in June
Date: 2018-07-05 12:13:08 GMT - Egypt - Egypt - SN:9 - ID:7474688
Egypt’s foreign currency reserves spiked by USD 120 million to reach USD 44.258 billion at the end of June, the Central Bank of Egypt (CBE) announced on Thursday. The nation's foreign currency reserves have been climbing for the 32 months in a ....
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Fourth tranche of IMF loan to cover budget deficit - official
Date: 2018-07-05 11:50:20 GMT - Egypt - Economy - SN:8 - ID:7474620
The deputy finance minister for financial policies, Ahmed Kouchouk, said the fourth tranche of the International Monetary Fund (IMF) loan to Egypt will cover the state budget deficit. Egypt received on Friday the fourth tranche valued $2 billion ....
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President Sisi endorses 2018/19 fiscal year budget
Date: 2018-07-05 09:49:14 GMT - Egypt - Egypt - SN:7 - ID:7474322
President Abdel Fattah El Sisi ratified on Thursday law no. 100 for 2018 on the upcoming 2018/19 fiscal year budget. The new budget amounts to EGP 1.724.683 trillion with revenues of EGP 1.009.795 trillion. The value of wages and compensations ....
