FINANCE & ECONOMY

20 Jun 2019

EGX ends Wednesday in red for 2nd session in row

CAIRO – 19 June 2019: The Egyptian Exchange (EGX) recorded a collective regression during Wednesday for the second session in row, losing about LE 3.59 billion of market capitalization, amid Egyptian and Arab selling.

The benchmark EGX 30 declined 0.50 percent, or 70.68"...

Continue Reading

20 Jun 2019

Cabinet denies reports on raising metro ticket prices to EGP 17

CAIRO, June 19 (MENA) - The cabinet media center denied reports about raising the metro ticket prices to EGP 17 following the inauguration of the three new stations; Haroun el Rashid, Alf Maskan and Shams Club, as part of building the third line of the Cairo metro.

In a statement"...

Continue Reading

20 Jun 2019

Egypt’s exports to Tanzania rise 75% during 2018

CAIRO – 19 June 2019: Egypt’s exports to Tanzania jumped 75 percent during 2018, recording $42 million, compared to $24 million in 2017, according to the Commercial Representative Office in Tanzania.

This percentage is the highest increase in the volume of Egyptian"...

Continue Reading

20 Jun 2019

Trade exchange between Egypt, Romania expected to double by end of 2019: SIS

CAIRO - 19 June 2019: Egypt comes on the top of the list of countries receiving Romanian experts, and it is expected that the trade exchange between the two countries increases by 100 percent by the end of 2019 compared to last year, Egypt's State Information Service (SIS) said....

Continue Reading

20 Jun 2019

Finance Ministry finishes amendments to law of private sector’s participation

CAIRO – 19 June 2019: Ministry of Finance announced Wednesday the completion of a draft law to amend some provisions of Law No. 67 of 2010 concerning regulating the participation of the private sector in infrastructure projects, utilities and public services.

The ministry"...

Continue Reading

20 Jun 2019

Egypt’s economy witnesses notable improvement: S. Korea amb.

CAIRO – 19 June 2019: South Korean Ambassador to Egypt Yoon Yeocheol affirmed that the Egyptian economy has been witnessing notable improvements which are expected to expand during the coming period.

In his speech at the Cabinet's Information and Decision Support"...

Continue Reading

19 Jun 2019

Egypt executes 70% of new capital’s infrastructure works

Cairo: Egypt’s state-run New Administrative Capital Co. for Urban Development says it has executed around 60 percent to 70 percent of facilities and infrastructure works within the first phase of the new capital.

The"...

Continue Reading

19 Jun 2019

Korean SepraTek to help Egypt produce desalination membranes

CAIRO - 18 June 2019: The Arab Organization for Industrialization signed a memorandum of understanding with South Korea-based SepraTek membrane manufacturing company to help enhance Egypt's national production in the field of water desalination.

Abdel Moneim al-Tarras,"...

Continue Reading

19 Jun 2019

Orascom Development sells 87% of its stake in Tamweel for LE360M

CAIRO – 18 June 2019: Orascom Development Egypt (ODE) announced the conclusion of the sale its 87 percent equity stake in Tamweel Group for a total of LE 360 million to Ebtikar for Financial Investment S.A.E (“Ebtikar”), TCV1 and Acquire for Investment S.A.E.
...

Continue Reading

19 Jun 2019

Univert buys back 1.6M shares at EGP 1.01/share

ArabFinance: EGX Administration announced that Univert Food Industries (UNFO) has bought back 1.6 million of its shares at EGP 1.01 per share at a total value of EGP 1.6 million, as per a Wednesday bourse filing.

On"...

Continue Reading
Found articles: - Pages  
Contact US | Powered by CNPHUB.com - All Rights Reserved