Business news wrap-up

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Mon, 20 Nov 2017 - 07:43 GMT

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Mon, 20 Nov 2017 - 07:43 GMT

Economy - Wikimedia Commons

Economy - Wikimedia Commons

Answers you should know on petroleum debt to foreign firms


The Petroleum Ministry announced a plan to completely settle the dues before the end of 2020.

Egypt, Romania to exchange expertise on SMEs



“The group of experts will work on exchanging know-how and technical expertise for the benefit of the two countries,” Kabil stated.

Government keen on supporting heavy industries: PM



The meeting reviewed recommendations of producers to protect this industry and increase its exports.

EFSA studies establishing Transactions Risk Fund: Omran



Omran said the authority will also work on preparing the legal framework for new financial tools, such as the Green Bonds.

EGX continues declines on foreign sales


Market capitalization declined LE 3.2 billion ($181 million) to record LE 764.802 billion.

Egypt studies power interconnection with Greece, Cyprus



President Abdel Fatah al-Sisi arrived to the Cyprus capital, Nicosia, on Monday.

Oil markets tepid ahead of Nov. 30 OPEC meeting



Oil markets were tepid on Monday, as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month.

Planning Minister to visit UAE for administrative reform review



Said will study the UAE experience in terms of administrative reform, government performance, governance policies and innovative programs.

Samy calls on entrepreneurs to not only depend on bank loans



Establishing investment funds for micro-financing is strongly needed in Egypt to attract more social investments.

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