Business news wrap-up
Wed, Sep. 6, 2017
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) for the non-oil private sector rose to 48.9 in August from 48.6 a month before
Gold held steady on Wednesday as heightened geopolitical risks over North Korea and concerns about low inflation in the United States
It records LE 17.60 for buying and LE 17.70 for selling
Hewlett Packard Enterprise Co reported a surprise rise in quarterly revenue, largely helped by higher sales of its networking equipment
Chinese airlines are likely to buy more than 7,000 planes worth $1.1 trillion (844.6 billion pounds) over the next 20 years
Egyptian Trade and Industry Minister Tarek Qabil reiterated on Wednesday Egypt's keenness on expanding economic cooperation with China
There are 50 Indian companies currently operating in Egypt with $3 billion in investment, Khaled Abu El Makarem said.
Both companies will cooperate to produce developed technologies that can be supplied to solar plants.
President Sisi reviewed Egypt’s sustainable development strategy, measures taken to improve the business climate and national projects under construction.
The signing ceremony is due to take place during the bank’s conference in Egypt on September 13 entitled “Boosting investments in the Mediterranean Region.”
It records $36.1 billion in August, up from $36 billion in July
The memo aims at forming an Egyptian-Chinese committee to settle trade conflicts in a bid to increase cooperation between both states in the coming period.
Turnover stood at LE 765.89 million, while the market saw the trading of 370 million shares on Wednesday.