Business news wrap-up

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Sun, 17 Sep 2017 - 04:07 GMT

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Sun, 17 Sep 2017 - 04:07 GMT

Economy - Wikipedia Commons

Economy - Wikipedia Commons


Singaporean firm to take over investment zones planning: GAFI



GAFI would still be responsible for receiving investment offers, maps, work sites, ports and airports studies.

Egypt plans more Eurobond issues in coming months



Garhy told the newspaper that Cairo planned to sell Eurobonds worth $3 billion to $4 billion in Q1 2018.

Cairo refinery processes 4.6M tons of crude in FY 2016/17



The company invested around LE 151 million in the previous fiscal year.

Gates Foundation encourages financial inclusion



The financial inclusion initiative will cause a radical change in Egypt, senior advisor at Bill & Melinda Gates Foundation, Christopher Calabia said.

Egypt signs MoU with Siemens for industrial development



The agreement will find and implement technological solutions to a number of industries.

EGX ends in green, turnover loses LE 800M



Market capitalization gained LE 2.6 billion to record LE 722.300 billion.

Average yields fall on Egypt's 3- and 9-month T-bills




The average yield on the 91-day bill slipped to 18.864 percent, while 273-day bill fell to 18.535 percent.

Sisi to meet World Economic Forum head Sunday



They will discuss latest economic developments on the local and global fronts.

Butagasco to boost LPG supplies in winter



The state-owned company will pump 275,000 cylinders in the winter season, up from 225,000 in the summer.

U.S. dollar exchange rate steady Sunday



It records LE 17.614 for buying and LE 17.714 for selling.

China economic counselor: Second phase of China-Egypt TEDA zone finalized



Economic and Commercial Counselor of the Chinese Embassy in Cairo Han Ping said the second phase of the Egyptian-Chinese industrial zone in Ain Sokhna (TEDA) has been finalized and is ready to receive investors as some Chinese companies have already signed business contracts.

Railway signaling system developed with $15 billion: Minister



The minister is following up on the construction works of the two-way desert road worth LE 370 million in western Qena.

Qatar continues slide, Saudi supported by strong oil



Qatar’s stock market headed for its tenth straight losing session on Sunday while Saudi Arabia’s index bucked an otherwise weak region because of gains in the petrochemical sector.

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