Economy

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  • Economic Ministerial Group approves investment law’s executive regulations

    Economic Ministerial Group approves investment law’s executive regulations

    Date: 2017-08-08 07:38:34 GMT - Egypt - Economy - SN:2 - ID:6934960

    Investment and International Cooperation Minister Sahr Nasr on Monday said that the Economic Ministerial Group approved the executive regulations for the newly issued investment law. In a press conference at the cabinet headquarters, Nasr said a ....

  • Egypt's bourse gains 3 billion pounds

    Egypt's bourse gains 3 billion pounds

    Date: 2017-08-07 11:19:18 GMT - Egypt - Economy - SN:3 - ID:6933899

    The Egyptian Exchange (EGX) indices went up collectively at the start of Monday trading session amid purchase operations from Arab institutions and investment funds. The market capital gained about EGP three billion to reach 718.4 billion ....

  • Dollar exchange rate reaches average of EGP 17.82 for buying, EGP 17.92 for selling

    Dollar exchange rate reaches average of EGP 17.82 for buying, EGP 17.92 for selling

    Date: 2017-08-03 12:24:42 GMT - Egypt - Economy - SN:5 - ID:6928757

    The exchange rate of the US dollar was stable at major banks during morning transactions on Thursday. The dollar exchange rate stood at EGP 17.77 for buying and EGP 17.87 for selling at the National Bank of Egypt. At the Commercial ....

  • Bourse to open new department for encouraging more heavy-weight firms listing - official

    Bourse to open new department for encouraging more heavy-weight firms listing - official

    Date: 2017-08-03 12:18:37 GMT - Egypt - Economy - SN:1 - ID:6928744

    Egyptian Exchange Deputy Chairman Mohsen Adel said the bourse will open a new department for encouraging more heavy-weight companies - either public or private - to be listed at the bourse. In statements to MENA on Thursday, Adel said the new ....

  • Investment minister agrees with Mexican ambassador on establishing Egyptian-Mexican Investment Council

    Investment minister agrees with Mexican ambassador on establishing Egyptian-Mexican Investment Council

    Date: 2017-07-31 10:41:46 GMT - Egypt - Economy - SN:5 - ID:6923628

    Minister of Investment and International Cooperation Sahar Nasr said relations between Egypt and Mexico have recently witnessed a big progress in various sectors. Nasr's remarks were made during here meeting with Mexican Ambassador in Cairo Jose ....

  • Dollar exchange rate reaches average of EGP 17.83 for buying, EGP 17.93 for selling

    Dollar exchange rate reaches average of EGP 17.83 for buying, EGP 17.93 for selling

    Date: 2017-07-31 10:30:03 GMT - Egypt - Economy - SN:2 - ID:6923585

    The exchange rate of the US dollar was stable at major banks during morning transactions on Monday. The dollar exchange rate stood at EGP 17.80 for buying and EGP 17.90 for selling at the National Bank of Egypt and Banque du Caire. At Banque ....

  • Finance minister modifies income tax, stamp duty

    Finance minister modifies income tax, stamp duty

    Date: 2017-07-28 17:57:48 GMT - Egypt - Economy - SN:7 - ID:6920042

    Finance Minister Amr el Garhy issued two decisions to amend the income tax and stamp duty . According to the decisions, the ceiling of the income tax exemption was raised to EGP 7200, in addition to tax deductions . The decision aims at ....

  • Exports of building materials record $2.63 billion in 6 months

    Exports of building materials record $2.63 billion in 6 months

    Date: 2017-07-27 09:13:53 GMT - Egypt - Economy - SN:5 - ID:6917812

    Exports of construction materials rose by 17 percent during the period from January to June 2017, recording $2.63 billion compared to $2.24 billion during the same period in the previous year. In its monthly statement, the Export Council for ....

  • Nasr, German delegation discuss investments in Egypt

    Nasr, German delegation discuss investments in Egypt

    Date: 2017-07-13 10:25:14 GMT - Egypt - Economy - SN:3 - ID:6895668

    Investment and International Cooperation Minister Sahar Nasr met on Thursday with a delegation of Germany's Deutsche Bank, now visiting Egypt, to discuss German funds' future investments in Egypt. The meeting tackled the German bank's role in ....

  • Egypt's bourse index sets new record during morning trading

    Egypt's bourse index sets new record during morning trading

    Date: 2017-07-13 10:20:54 GMT - Egypt - Economy - SN:1 - ID:6895654

    The Egyptian Exchange (EGX) index set on Thursday a new record high of 13,850 points during morning trading. Brokers told MENA that the EGX 30 benchmark index rose 1.2 percent backed by strong purchases by Arab and foreign institutions of shares ....

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