Business news wrap-up
Thu, Dec. 14, 2017
The Ministry of Electricity has recruited the Shuaa-Arabian Scientific Information Company to provide meter reading services.
A delegation from Egypt's Ministry of Industry and Trade participated Thursday in the first joint committee meeting of Egypt-Mercosur Free Trade Agreement.
Chairman of the Egyptian-Japanese Business Council Ibrahim el Araby said Thursday that the council is due to organize a promotional mission in Japan in the coming week, led by Minister of Investment and International Cooperation Sahar Nasr.
The company allocated an initial LE 250 million in investments to its new venture.
Benchmark index EGX30 went up 0.19 percent to stand at 14,679 points.
The highest rate was recorded at the Abu Dhabi Islamic Bank at LE 17.78 for buying and LE 17.88 for selling.
The conference will gather ministers from countries that are partners with the European Union.
The yield on the 182-day bill fell to 18.923 percent and the yield on the 357-day bill fell to 18.059 percent.
Under this program, 65 Egyptians were dispatched to Japan so far.
The company's liquidity stood at LE 5.02 billion, while net debts reached LE 18.9 billion.
The OPEC Fund for International Development (OFID) has approved more than $454 million in funding for the new development of developing countries.