Economy

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  • Category : Economy
  • All EGX indexes down, benchmark slides 1.46 pct

    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 ....

  • Competitive EGP improves external balances, says JP Morgan

    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 ....

  • Untapped assets of spinning, weaving companies hit EGP 40-45bln - Minister

    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 ....

  • CBE keeps interest rates on deposits, loans unchanged

    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 ....

  • All EGX indexes up, benchmark surges 0.14 pct

    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 ....

  • Egyptian bourse gains EGP7.2bn

    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 ....

  • Bourse loses 5.5bn

    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 ....

  • Dollar prices stable at major Egyptian banks

    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 ....

  • Egypt's bourse indices show mixed performance

    Egypt's bourse indices show mixed performance

    Date: 2018-09-18 14:28:15 GMT - Egypt - Economy - SN:15 - ID:7581758

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading on Tuesday amid purchasing operations by Arab and local institutions and investment funds and selling operations by foreign investors. The market capital lost ....

  • Preparations underway for visit by delegation of US Chamber of Commerce to Egypt in Oct.

    Preparations underway for visit by delegation of US Chamber of Commerce to Egypt in Oct.

    Date: 2018-09-18 10:28:48 GMT - Egypt - Economy - SN:11 - ID:7581251

    Minister of Military Production Mohamed Saeid el Assar, Communications Minister Amr Talaat and Trade Minister Amr Nassar met Tuesday with representatives of US companies operating in Egypt to prepare for a visit by a delegation of the US Chamber of ....

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