Business News Wrap-up
Tue, Dec. 5, 2017
CBE will pay back on December 7 the last $1.2 billion tranche of a $3.2 loan to the African Export-Import Bank.
Benchmark index EGX30 went down 0.76 percent to stand at 14,460 points.
Egypt issued $7 billion in Eurobond sales in January and May 2017.
EBRD approved a credit facility for building a water desalination plant worth $300 million in Ain Sokhna.
Egypt will build the first logistics city in Gharbia governorate on an area of 82 feddans.
Egypt’s chemical exports recorded $3.58 billion from January through the end of October.
Tarek Kabil discussed institutional measures, non-custom restrictions and technical challenges in an effort to finalize an African free trade agreement.
Ford Motor Co (F.N) will launch 50 new vehicles in China by 2025 including 15 electrified vehicles.
Oil prices fell on Tuesday ahead of U.S. crude inventories data, as the market weighed the impact of rising U.S. crude output versus last week’s.
Asian shares dipped slightly on Tuesday as investors’ rotation out of technology shares took a toll on some of the region’s tech heavyweights.
Saudi Arabia’s non-oil private sector grew at its fastest pace in two years in November, a survey showed on Tuesday.