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Economy
- Service : English
- Category : Economy
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Egypt ranks first as investment-magnet African country - official
Date: 2018-10-07 18:31:57 GMT - Egypt - Economy - SN:3 - ID:7610806
Egypt ranks the first among African countries in 2017 in terms of attracting Foreign direct investments, said CEO of COMESA Regional Investment Agency (RIA) Heba Salama. In 2017, foreign direct investments in Egypt were estimated at 7.4 billion ....
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PM witnesses signing of two deals with IDB
Date: 2018-10-04 16:55:45 GMT - Egypt - Economy - SN:3 - ID:7607004
Prime Minister Mostafa Madbouli on Thursday witnessed the signing of two agreements with the Islamic Development Bank (IDB). The first agreement is meant to establish a regional headquarters for the IDB group in Cairo. Meanwhile, the second ....
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All EGX indexes down, benchmark slides 1.46 pct
Date: 2018-10-04 14:07:16 GMT - Egypt - Economy - SN:1 - ID:7606734
The Egyptian Exchange (EGX) indexes went down collectively at the close of Thursday's trading amid sales by foreign institutions and investment funds. Meanwhile, purchases prevailed in transactions of local and Arab investors. The market ....
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Competitive EGP improves external balances, says JP Morgan
Date: 2018-10-03 22:20:19 GMT - USA - Economy - SN:4 - ID:7605671
A more competitive pound, rising hydrocarbon production, and security stability improved Egypt’s current account deficit, which came in slightly better than our forecast and eased to 2.4% of GDP in the 2017/18 fiscal year which ended in June, from ....
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Untapped assets of spinning, weaving companies hit EGP 40-45bln - Minister
Date: 2018-09-29 16:47:27 GMT - Egypt - Economy - SN:2 - ID:7598702
Public Business Sector Minister Hisham Tawfiq said that the ministry-affiliated companies own huge sums of unutilized assets. During his visit to the Delta Fertilizers and Chemical Industries Company in Dakahlia governorate, the minister noted ....
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CBE keeps interest rates on deposits, loans unchanged
Date: 2018-09-27 22:59:55 GMT - Egypt - Economy - SN:9 - ID:7596526
The Central Bank of Egypt decided on Thursday to stabilize the interest rate for one night on deposits and loans at 16.75 and 17.75 percent respectively. The decision was made by the CBE Monetary Policy Committee during a meeting held earlier in ....
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All EGX indexes up, benchmark surges 0.14 pct
Date: 2018-09-27 15:18:40 GMT - Egypt - Economy - SN:3 - ID:7596115
The Egyptian Exchange (EGX) indexes went up collectively at the close of Thursday's trading, pushed by purchases of local and Arab investors. The market capital gained about EGP 600 million to register EGP 801.9 billion, after transactions ....
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Egyptian bourse gains EGP7.2bn
Date: 2018-09-25 13:43:28 GMT - Egypt - Economy - SN:21 - ID:7592493
The Egyptian Exchange (EGX) indexes went up at the close of trading on Tuesday amid purchasing operations by local and foreign institutions and investment funds. The market capital gained EGP 7.2 billion to reach EGP 791.9 billion amid ....
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Bourse loses 5.5bn
Date: 2018-09-20 15:01:11 GMT - Egypt - Economy - SN:2 - ID:7585181
The Egyptian Exchange (EGX) indexes went down at the close of trading on Thursday amid selling operations by local institutions and investment funds. The market capital lost EGP 5.5 billion to reach EGP 780.1 billion amid transactions that hit ....
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Dollar prices stable at major Egyptian banks
Date: 2018-09-19 10:26:28 GMT - Egypt - Economy - SN:4 - ID:7582929
The exchange rate of the US dollar was relatively stable during transactions on Wednesday 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. At Banque Misr, the ....
