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Economy
- Service : English
- Category : Economy
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Bourse gains EGP 8.4 bln, all indexes up
Date: 2018-07-24 14:53:09 GMT - Egypt - Economy - SN:19 - ID:7503163
The Egyptian Exchange indexes posted collective gains at the close of Tuesday's trading, backed by purchases by local and Arab institutions and investment funds. The market capital gained EGP 8.4 billion to reach EGP 872.1 billion, after ....
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Dollar prices stable at major Egyptian banks
Date: 2018-07-24 11:45:33 GMT - Egypt - Economy - SN:13 - ID:7502771
The exchange rate of the US dollar was relatively stable during morning transactions on Tuesday 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 and Banque ....
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industry min: Gov't to up VAT on Egyptian products
Date: 2018-07-22 12:31:58 GMT - Egypt - Economy - SN:6 - ID:7500154
The government works on upping value added tax (VAT) on Egyptian products and banning exportation of raw materials except after going into the manufacturing process, the trade and industry minister said. Amr Nassar made the remarks during an ....
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US delegation to visit Egypt in October for investment opportunities
Date: 2018-07-22 10:07:27 GMT - Egypt - Economy - SN:3 - ID:7499804
The American Chamber of Commerce has confirmed that an investment delegation from large American companies will visit Egypt in October to get acquainted with promising investment opportunities in various fields. During a meeting organized by ....
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Egypt, Russia trade exchange hit $ 2.7 between January-May 2018
Date: 2018-07-21 08:39:19 GMT - Egypt - Economy - SN:1 - ID:7498257
Trade exchange between Egypt and Russia hit 2.775 billion dollars during the first five months of 2018, recording an increase of 31.5 percent in comparison with the same period in 2017, the Trade Representation Office of the Russian Federation in ....
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Gold price in Egypt hits its lowest level in a year
Date: 2018-07-18 12:22:09 GMT - Egypt - Economy - SN:6 - ID:7494410
Gold prices went down at the end of Wednesday's trading recording their lowest level in a year affected by decreasing prices in the international market and an increase in the dollar exchange rate. In statements on Wednesday, the deputy head of ....
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CBE expects remittances of Egyptian expats to record $26bn by end of FY 2017/2018
Date: 2018-07-17 15:17:17 GMT - Egypt - Economy - SN:13 - ID:7493195
The Central Bank of Egypt (CBE) expected on Tuesday remittances of Egyptians abroad to hit a high record of $26 billion by the end of the 2017/2018 fiscal year. In a statement, the CBE said that the remittances of Egyptians working abroad ....
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Egypt most attractive to investments in Arab world - UAC chief
Date: 2018-07-17 09:31:29 GMT - Lebanon - Economy - SN:6 - ID:7492283
Secretary General of the Union of Arab Chambers (UAC) Khaled Hanafy underlined that Egypt is the most attractive to investments in the Arab world in view of its political and financial stability as well as the unprecedented leap its investment ....
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IMF gives Egypt strong marks in third program review
Date: 2018-07-12 20:26:51 GMT - USA - Economy - SN:16 - ID:7486154
The International Monetary Fund (IMF) maintained a favorable outlook for Egypt's economy in its third major review of the country's loan program on Thursday, Nasdaq reported. The IMF said Egypt reduced its overall current account deficit to 2.6 ....
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Dollar prices stable at major banks in Egypt
Date: 2018-07-12 12:28:26 GMT - Egypt - Economy - SN:8 - ID:7485380
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 ....
