Egypt’s current account deficit narrowed by 50 percent in the fourth quarter of 2016-2017 to stand at $2.4 billion from $4.8 billion a year earlier.
Citigroup Inc (C.N) third-quarter total markets revenue is running about 15 percent less than a year earlier when volatility was boosted by reactions to the Brexit vote and U.S. elections.
Dollar registered LE 17.61 for buying and LE 17.71
Saudi Arabia topped the list of furniture importers from Egypt in the first eight months of the year, importing with furniture worth $50 million.
Egypt’s net foreign direct investments (FDI) have increased to $13.3 billion in the last fiscal year (FY) 2016/2017, with a 6.5 percent increase.
The project will include the biggest teaching hospital in the Middle East with a capacity of 1,200 beds.
The company is conducting financial and economic studies for an expansion project with a production capacity of 250,000 tons per year.
The CBE is planning to raise the loan-to-deposit (LTD) ratio to 60-65 percent, up from 40-45 percent.
Turnover leveled down to LE 1.25 billion after registering LE 1.38 billion Monday, while traded volume increased to 555 million shares.
Mamish arrived Tuesday in Munich as part of his tour of Germany leading a high-level delegation from the SCZone.
The agreement will be implemented over nine months, starting from the fourth quarter of 2017.
OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market.
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