Economy

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  • Egyptian bourse loses over EGP 20 bln at start of trading session

    Egyptian bourse loses over EGP 20 bln at start of trading session

    Date: 2018-02-06 08:52:47 GMT - Egypt - Economy - SN:7 - ID:7230132

    The Egyptian Exchange indexes thudded down at the beginning of Tuesday's trading session over a drop in the US bourse in the weekend. The market capital lost EGP 20.5 billion to reach EGP 853.7 billion. The EGX 30 benchmark index hurtled down ....

  • Bourse recovers, gains EGP 5.1 billion; all indexes up

    Bourse recovers, gains EGP 5.1 billion; all indexes up

    Date: 2018-02-05 13:42:19 GMT - Egypt - Economy - SN:18 - ID:7229115

    The Egyptian Exchange indexes recovered and posted collective gains at the close of Monday's trading, backed by purchases by Arab and foreign institutions and investment funds, surpassing a drop in the US bourse over the past weekend. The market ....

  • Egypt, Kuwait discuss developing petroleum cooperation

    Egypt, Kuwait discuss developing petroleum cooperation

    Date: 2018-02-05 12:13:07 GMT - Egypt - Economy - SN:9 - ID:7228829

    Petroleum Minister Tarek el Molla discussed on Monday with interim board chairman of Kuwait Energy company Abby Badwi the activities of the company in concession areas and spheres for developing cooperation in oil and natural gas exploration. In ....

  • CBE: Egyptian banks' hard currency toll hits 5.6 billion dollars in January

    CBE: Egyptian banks' hard currency toll hits 5.6 billion dollars in January

    Date: 2018-02-05 10:50:48 GMT - Egypt - Economy - SN:6 - ID:7228546

    The Egyptian banking sector's toll of hard currency hit 5.6 billion dollars in January, recording a 1.5-billion-dollar increase compared with December, deputy governor of the Central Bank of Egypt Rami Abul Naga told MENA late on Sunday. He said ....

  • Dollar exchange rate stable at Egypt's major banks

    Dollar exchange rate stable at Egypt's major banks

    Date: 2018-02-05 10:26:10 GMT - Egypt - Economy - SN:2 - ID:7228489

    The US dollar exchange rate was relatively stable during morning transactions at major banks Monday. The dollar price reached EGP 17.62 for buying and 17.72 for selling at the National Bank of Greece and Banque Misr. At the Commercial ....

  • Parliament secretary: Third Investment Forum opportunity for promoting economic reform

    Parliament secretary: Third Investment Forum opportunity for promoting economic reform

    Date: 2018-02-04 10:46:18 GMT - Egypt - Economy - SN:2 - ID:7226610

    Parliament Social Affairs Committee Secretary Mohammad Abdel Hamid said Egypt's hosting of the Third Investment Forum under the auspices of President Abdel Fattah El Sisi is a good opportunity for promoting the new investment law and recent economic ....

  • Finance Ministry to auction EGP 132.5 bln T-bills in Feb.

    Finance Ministry to auction EGP 132.5 bln T-bills in Feb.

    Date: 2018-02-01 12:36:23 GMT - Egypt - Economy - SN:14 - ID:7222067

    The Finance Ministry plans to auction treasury bills at a total value of EGP 132.5 billion during February. In a statement on Thursday, the ministry said that it will sell 91-day, 182-day, 273-day and 364-day T-bills at 28.750, 28.750, 32.750 ....

  • Dollar exchange stable at Egypt's major banks

    Dollar exchange stable at Egypt's major banks

    Date: 2018-02-01 11:28:40 GMT - Egypt - Economy - SN:11 - ID:7221993

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Thursday. The dollar price reached EGP 17.63 for buying and 17.73 for selling at the National Bank of Egypt, Banque Du Caire, Al Ahli Bank of Kuwait ....

  • Dollar price stable at major banks

    Dollar price stable at major banks

    Date: 2018-01-31 12:01:25 GMT - Egypt - Economy - SN:10 - ID:7220287

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Wednesday. The dollar price reached EGP 17.63 for buying and 17.73 for selling at the National Bank of Egypt, Banque Du Caire and Al Ahli Bank of ....

  • Bourse indexes show varied performance

    Bourse indexes show varied performance

    Date: 2018-01-30 15:03:20 GMT - Egypt - Economy - SN:24 - ID:7218765

    The Egyptian Exchange indices showed varied performance at the close of Tuesday’s trading. The market capital reached EGP 870.5 billion, after transactions hit EGP 1.4 billion. The EGX 30 benchmark index went down by 0.35 percent to close at ....

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