A bank employee counts U.S. dollar notes- Reuters photo
CAIRO – 9 October 2017:
Russia’s top oil producer Rosneft has closed the transaction to acquire a 30% stake in the concessions agreement for the development of the Egyptian Zohr field.
Around 160 French companies are operating in Egypt with investments worth more than €4 billion.
Market capitalization hiked LE 1.3 billion Monday to LE 775.29 billion, compared to LE 776.572 billion in the latest session Sunday.
The executive regulations of the New Gas Market Law will be issued before year-end, and the draft has been finished.
The private sector will not be allowed to reach all types of natural gas consumers after new law becomes effective.
Trade and Industry Minister Tarek Kabil asserted on Monday the importance of fostering ties with Morocco.
The T-bonds offered Monday in two installments, with the first valued at LE 1.25 billion and the second worth LE 1 billion.
Telecommunication and Information Technology Minister Yasser el Qady held a number of important meetings with officials of international companies.
The ministry has finished planning the South Sinai investment zone in Nuweiba, Nasr said.
Going down, the euro exchange rate stood at LE 20.64 for buying and LE 20.76 for selling.
The dollar held steady against the yen on Monday, having retreated from 12-week highs set last week.
Oil prices stabilize on Monday, after a 2 percent slide on Friday.
European shares opened slightly higher on Monday after four consecutive weeks of gains.