Business News wrap – up
Tue, Nov. 21, 2017
The amendments came to balance the budget and control the budget deficit.
Benchmark index EGX30 went up 0.33 percent to stand at 13,725 points.
Some businessmen manipulated banks by acquiring SME loans to enjoy 5 percent interest rates under the Central Bank of Egypt (CBE) initiative.
In light of Egypt’s latest participation in the ninth annual BRICS summit in September, president of the Brazil-Africa Institution discussed potential.
EgyptAir will swing to a profit this year, buoyed by an increase in passengers and cost cutting, the chairman of the state-owned airline’s holding company said.
Honda Motor Co’s joint-venture companies in China will recall a total of 254,650 Honda-brand vehicles starting on January 8, 2018.
Banks shifted focus to SMEs since the CBE launched its initiative to support that sector in early 2016.
Oil prices have changed on Tuesday as the impact from expectations of an extended OPEC-led production cut was canceled out by rising output in the U.S.
The Egypt-Cyprus Business Forum aims to activate bilateral economic and trade relations, and explore mutual investment opportunities.