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Bourse loses EGP 5.9 bln, all indexes fall back
Date: 2018-07-05 13:16:48 GMT - Egypt - Egypt - SN:11 - ID:7474847
The Egyptian Exchange indexes posted collective losses at the close of Thursday's trading, prompted by selling operations by foreign institutions and investment funds while the Arab and Egyptian investors tended to purchase. The market capital ....
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Dollar prices stable at Egypt's major banks
Date: 2018-07-05 12:14:30 GMT - Egypt - Economy - SN:10 - ID:7474691
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 ....
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CBE: Egypt's net foreign reserves rise to USD 44.258 bn in June
Date: 2018-07-05 12:13:08 GMT - Egypt - Egypt - SN:9 - ID:7474688
Egypt’s foreign currency reserves spiked by USD 120 million to reach USD 44.258 billion at the end of June, the Central Bank of Egypt (CBE) announced on Thursday. The nation's foreign currency reserves have been climbing for the 32 months in a ....
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Fourth tranche of IMF loan to cover budget deficit - official
Date: 2018-07-05 11:50:20 GMT - Egypt - Economy - SN:8 - ID:7474620
The deputy finance minister for financial policies, Ahmed Kouchouk, said the fourth tranche of the International Monetary Fund (IMF) loan to Egypt will cover the state budget deficit. Egypt received on Friday the fourth tranche valued $2 billion ....
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President Sisi endorses 2018/19 fiscal year budget
Date: 2018-07-05 09:49:14 GMT - Egypt - Egypt - SN:7 - ID:7474322
President Abdel Fattah El Sisi ratified on Thursday law no. 100 for 2018 on the upcoming 2018/19 fiscal year budget. The new budget amounts to EGP 1.724.683 trillion with revenues of EGP 1.009.795 trillion. The value of wages and compensations ....
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UAE: No action was taken to expel Qatari citizens
Date: 2018-07-05 09:13:41 GMT - United Arab Emirates - Arab world - SN:6 - ID:7474233
The United Arab Emirates has affirmed that it has not issued any legal or administrative laws or orders relating to the expulsion of Qatari citizens from UAE territory since the announcement of the severing of relations with Qatar on June 5, ....
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Sisi issues 3 presidential decrees
Date: 2018-07-05 09:07:52 GMT - Egypt - Egypt - SN:5 - ID:7474216
President Abdel Fattah El Sisi issued on Thursday presidential decree no. 261 for 2018 to re-allocate 17 feddans of state-owned lands in Ain Sokhna city in Suez to the Armed Forces land projects agency. In another decree, the president ordered ....
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Minor earthquake jolts Lebanon
Date: 2018-07-05 08:24:52 GMT - Lebanon - International - SN:4 - ID:7474128
A 4.3 magnitude-earthquake hit Lebanon late Wednesday night, residents and local media reported. People living in areas across the country, including Beirut, south Lebanon, Bekaa and Mount Lebanon felt the minor tremor in the evening, according ....
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Pope Tawadros receives French parliamentary delegation
Date: 2018-07-05 08:11:58 GMT - Egypt - Egypt - SN:3 - ID:7474102
Pope Tawadros II of Alexandria and Patriarch of the See of St. Mark received Wednesday at the Coptic Orthodox Cathedral headquarters a visiting French parliamentary delegation. The pontiff stressed the deeply historic ties binding the Coptic ....
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Shoukry, German official review economic cooperation
Date: 2018-07-05 08:04:01 GMT - Egypt - Egypt - SN:2 - ID:7474089
Foreign Minister Sameh Shoukry, currently visiting Berlin, had talks on Thursday with Chairman of the Bundestag's Committee on Economic Cooperation and Development Peter Ramsauer on means of enhancing economic cooperation between the two ....
