Business news wrap-up
Sun, Aug. 6, 2017
The exchange rate of the CBE for the U.S. dollar is LE 17.76 for buying and LE 17.86 for selling.
Zain, Kuwait's biggest telecom operator by subscribers, reported flat second-quarter profits on Sunday.
Misr Kuwait Investment and Trading’s sales increased to LE 14.2 million in H1 of 2017, up from LE 9.13 million in H1 of 2016.
General Petroleum Company – GPC has raised its crude oil output to 57,000 barrels per day, for the first time since establishment.
Stock markets in Saudi Arabia and Dubai were flat on Sunday after a mixed group of Saudi corporate earning
Both ministries sign a LE 2 million ($112,556) agreement to clear 11,000 feddans of land of mines, Sahar Nasr says.
Foreign carmakers should contribute to a proposed German fund set up to improve urban transport infrastructure.
EGX’s market capital gained LE 4 billion ($225 million), totaling LE 715.8 billion compared to LE 711.7 billion on Thursday.
The monetary supply leveled up to LE 631 billion in March 2017 compared to LE 529.8 billion in the same period of the previous year.
The projects shall be in food, engineering, chemicals, textile and pharmaceutical sectors.
Foreign debt hiked $18 billion in nine months to reach $73.9 billion by the end of March of fiscal year 2016/17.
Mamesh stated that 7,294 ships passed through the canal in Q2 2017, compared to 7,021 ships in Q2 2016.
Britain is prepared to pay up to €40 billion (£36.12 billion) as part of a deal to leave the European Union.