US dollar- Creative Commons via Pixabay- Brett Hondow.
The Golden Triangle project targets $18 billion in investments, Minister of Industry says.
Kafr el-Sheikh’s investment zone will be established at the cost of LE 200 billion ($11.21 billion), expected to create 250,000 job opportunities.
The cabinet approved on Wednesday a 100-million-euro loan offered by the European Bank for Reconstruction and Development (EBRD) to purchase 100 locomotives.
The changes included new head and deputies for GANOPE, according to the Ministry of Petroleum.
Highest exchange rate per dollar came at LE 17.88 for buying and LE 17.98 for selling.
Mohsen Adel will replace EGX head Mohamed Omran, whose term will end Sunday.
The benchmark index EGX 30 inched up 0.7 percent to close at 13,405 points.
Investment and International Cooperation Minister Sahar Nasr headed for Gaborone Wednesday to represent Egypt in the meetings of the African group 2017 under the rubric "economic transformation and creating jobs".
Economic sanctions imposed on Qatar by three fellow Gulf states do not violate World Trade Organisation agreements.
Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled driving the stock up 6 percent to an all-time high.
Oil prices fell by 1 percent on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel.
The agreement will work on increasing exports especially to Africa through participating in exhibitions and organizing trade missions.
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