U.S. one-hundred dollar bills are seen in this picture illustration, August 2, 2013 – REUTERS/Kim Hong-Ji/Illustration
Egypt’s leading economics magazine Business Today is holding an award ceremony “BT100” to honor top influential figures and companies positively impacting the Egyptian economy in 2017.
This year, the magazine will honor 50 companies and 50 figures in a prestigious awards ceremony that will be held on Monday, February 19.
Deputy Finance Minister Ahmed Kojak told Al-Arabiya television network on Sunday that Egypt aims to sell Eurobonds worth $3-4 billion in the fiscal year 2018/2019.
The Solar cell station project in the new city of Borg El Arab will produce electric energy as well as desalination of existing sea water and will provide water and electricity to a village with a population of 1,000.
Organizational purchases pushed the Egyptian Exchange (EGX) to end Sunday in green for the second consecutive session, supported by the Monetary Policy Committee’s decision to cut the interest rate by 1 percent.
The benchmark EGX30 increased 0.53 percent, or 79.63 points, to end at 15,045.56 points.
Egypt’s natural gas production will reach some six billion cubic feet a day by the end of fiscal year 2017/18, Deputy Chairman of the Egyptian Natural Gas Holding Company (EGAS) for production and fields’ development Mohamed Abdel Azim said Sunday.
Elsewedy Electric Co. SAE (SWDY) announced that its subsidiary SDM Company for Development and Management, signed a contract to develop 1.4 million square meters in Sadat City for LE 266 million ($15.04 million).