Business News Wrap-Up

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Wed, 23 May 2018 - 05:00 GMT

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Wed, 23 May 2018 - 05:00 GMT

 Economy Index - Pixabay

Economy Index - Pixabay

Petroleum min. probes with officials of Halliburton firm aging oil fields



Petroleum and Mineral Resources Minister Tarek el Molla discussed Wednesday with Head of Halliburton Company Eric Carre production and exploration activities of the firm across Egypt.

EGX ends Wednesday in green amid Egyptian, foreign selling



The Egyptian Exchange (EGX) ended Wednesday’s session in green, and market capitalization gained LE 687 million ($38.29 million) amid Egyptian and foreign selling.

The benchmark EGX30 edged up 0.03 percent, or 4.89 points, to close at 16,662.55 points.

Public sector companies record profit of LE 8B in 9 months



Public sector companies recorded a total profit of LE 8 billion ($445 million) during the first nine months of 2018, Minister of Public Enterprises Khaled Badwi said.

Trade min. probes with Russian counterpart economic coop.



Trade and Industry Minister Tarek Kabil stressed that trade exchange between Egypt and Russia during 2017 reached its highest record as it hit $3.8 billion.

Trade exchange bet. Egypt, Eurasian Economic Union hits $6.9B in 2017



Trade exchange between Egypt and Eurasian Economic Union (EAEU) reached $6.9 billion in 2017, Minister of Industry and Foreign Trade Tarek Kabil said Wednesday.

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