Economy

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  • Category : Economy

  • Bourse gains EGP 25.5 bln this week, all indexes up

    Date: 2020-06-04 20:32:48 GMT - Egypt - Economy - SN:66 - ID:8457136

    CAIRO, June 4 (MENA) – The Egyptian Exchange (EGX) indexes posted collective gains during this week’s trading, according to the bourse’s weekly report. The market capital gained EGP 25.5 billion to reach EGP 568.1 billion compared with EGP 542.6 ....

  • Egypt's gold prices up by EGP 3 on bourse

    Date: 2020-06-04 17:58:06 GMT - Egypt - Economy - SN:56 - ID:8456967

    CAIRO, June 4 (MENA) - Gold prices went up by EGP 3 at the end of Thursday's trading, registering EGP 772 for one gram of 21-carat gold, EGP 661 for each gram of 18-carat gold and EGP 882 for each gram of 24-carat gold. Today's increase in gold ....

  • EFEC: Egypt's furniture exports hit $66 mn in 4 months

    Date: 2020-06-04 17:21:55 GMT - Egypt - Economy - SN:51 - ID:8456932

    CAIRO, June 4 (MENA) - Egypt's exports of furniture declined in the period between January and April 2020 by 35 percent, reaching 66 million dollars, down from 102 million dollars during the same period of 2019, according to the Egyptian Furniture ....

  • Saudi grant funds 2,176 SMEs in 27 governorates: min.

    Date: 2020-06-04 15:25:20 GMT - Egypt - Economy - SN:38 - ID:8456397

    CAIRO, June 4 (MENA) - Minister of International Cooperation Rania el Mashat said that 2,176 projects have been funded so far in 27 governorates via a 200-million-dollar Saudi grant that contributed to creating 12,000 job opportunities. This came ....

  • Global (3): Huawei OceanStor Dorado All-Flash Storage Wins Best of Show Award at Interop Tokyo 2020

    Date: 2020-06-04 15:00:45 GMT - Japan - Economy - SN:37 - ID:8456704

    Dear subscribers, following is a global bulletin published for PR ‎Newswire:‎ ==================================================================== TOKYO, June 4, 2020 /PRNewswire/ -- At Interop Tokyo 2020, the largest ICT exhibition in Japan, ....

  • CAPMAS: Egypt's non-petroleum imports down 21.2% in four months

    Date: 2020-06-04 14:40:03 GMT - Egypt - Economy - SN:33 - ID:8456238

    CAIRO, June 4 (MENA) - Egypt's non-petroleum imports went down 21.2 percent during the period from January to April 2020 to stand at $18.805 billion against $23.864 billion in the corresponding period last year, the Central Agency for Public ....

  • Fitch forecasts Egypt’s construction sector to outperform peers in Middle East, North Africa by 2029

    Date: 2020-06-04 14:21:47 GMT - Egypt - Economy - SN:30 - ID:8456485

    CAIRO, June 4 (MENA) - Fitch Ratings forecasts that the construction sector in Egypt will continue its upward trend over the next ten years to achieve a 9 percent average annual growth rate between 2020 and 2024. The international credit rating ....

  • All EGX indexes up, benchmark rises 1.89 pct

    Date: 2020-06-04 13:57:09 GMT - Egypt - Economy - SN:28 - ID:8456611

    CAIRO, June 4 (MENA) - The Egyptian Exchange (EGX) indexes went up collectively at the close of Thursday's trading amid large purchases from investors, pushed by the rise witnessed in global stocks as concerns about the spread of coronavirus are ....

  • Govt denies banning use of banknotes in transactions as of July 1

    Date: 2020-06-04 13:55:42 GMT - Egypt - Economy - SN:27 - ID:8456483

    CAIRO, June 4 (MENA) - The cabinet media center denied circulating news claiming that transactions using banknote will be fully banned as of July 1 due to the novel coronavirus crisis. In a statement on Thursday, the center said it contacted the ....

  • Dollar up at major banks in Egypt

    Date: 2020-06-04 13:50:07 GMT - Egypt - Economy - SN:26 - ID:8456508

    CAIRO, June 4 (MENA) - The US Dollar exchange rate continued going up during transactions at major banks on Thursday. The price of the dollar in the National Bank of Egypt (NBE) recorded EGP 16.13 for buying and EGP 16.23 for selling. The ....

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