Business News wrap-up



Mon, 11 Dec 2017 - 08:11 GMT


Mon, 11 Dec 2017 - 08:11 GMT

Foreign currency – Courtesy of Pexels

Foreign currency – Courtesy of Pexels

Breaking: Sisi, Putin kick-start Egypt's Dabaa nuclear plant

The agreement completes a preliminary agreement signed with Russia in November 2015.

EGX rallies, market cap gains LE 9.6 billion

Benchmark Index EGX30 went up 0.09 percent to stand at 14,426 points.

Construction of Dabaa's 1st unit to start December 12

Rosatom Company has received the land plot of the project in November 2015.

Sisi aims for more Russian investments in SCZone

The trade ties relation with Cairo was fruitful in 2017, as bilateral trade exceeded $4 billion.

CBE shows Egypt on right track after year of pound flotation

CBE data showed that the Egyptian economy is on the right track after a year of the pound’s flotation.

What changed in Egyptian economy since Putin's 2015 visit?

What's new in the Egyptian economy since Putin’s last visit?

Chinese investments in Egypt reach $6 billion

China's Economic and Commercial Counselor at the Chinese Embassy in Cairo, Han Bing, said total Chinese investments in Egypt reached $6 billion.

Egypt, Libya to cooperate on taxes, customs issues

El Garhy and Hammad tackled the outlook of joint agreements and projects that can be reached in the field of automating the state budget.

Trade with Kenya, Ethiopia, South Africa register $3.2 billion

The exports of Egypt to the three countries recorded $2.1 billion, while imports were $1.1 billion.

Linking road study between Egypt, Chad in process: FECC’s Head

FECC is working on a study on setting up a linking road between Egypt with Chad.



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