Hanan Mohamed

business reporter

EGX stays in red zone for 2nd session in row

Mon, Aug. 13, 2018

The benchmark EGX30 slipped 1.38 percent, or 216.82 points, to close at 15,738.34 points.

HC forecasts inflation to stabilize in August, unchanged interest rates

Mon, Aug. 13, 2018

HC said that Egypt’s headline inflation in July came higher than the expectations of HC Securities & Investment by 1.5 percent.

EGX ends 1st session of week in red

Sun, Aug. 12, 2018

The benchmark EGX30 slipped 1.17 percent, or 185.72 points, to close at 15,738.34 points.

Egyptian non-oil private sector hits 50.3 in July: PMI

Sun, Aug. 12, 2018

The neutral level of Emirates NBD Purchasing Managers’ Index (PMI) is 50 which delineates contraction and expansion in the non-oil private sector.

LE 30B directed to water resources over 4 years: Min.

Sun, Aug. 12, 2018

The minister also added the short term plan of the ministry for water resources will cost LE 40 billion.

Egypt operates 25 underground solar wells in New Valley

Sun, Aug. 12, 2018

The operation of these wells came in the framework of the state to use clean and renewable energy, to save fuel and thermal energy expenditures.

Egypt allocates LE 40B to achieve 10bcm/yr of water

Sun, Aug. 12, 2018

“Supporting the investment and construction wheel is one of the most important determinants of economic reform,” he pointed.

Sisi arrives to Assiut to inaugurate New Assiut Barrage

Sun, Aug. 12, 2018

The new project was implemented by a consortium of international and national companies with a total cost of LE 6 billion.