Business News Wrap-up



Mon, 26 Mar 2018 - 03:16 GMT


Mon, 26 Mar 2018 - 03:16 GMT

Egyptian Currency – File Photo

Egyptian Currency – File Photo

Date exports increase 127% in January, February

Egypt’s exports of dates increased by 127 percent during the first two months of 2018, recording $20.4 million on a year-on-year basis, according to the Food Export Council.

Dollar price stable at Egypt's major banks

The US dollar exchange rate was relatively stable at Egypt's major banks on Monday.

The dollar rate reached LE 17.55 for buying and LE 17.65 for selling at the National Bank of Egypt.

EGX ends Monday on mixed note

The Egyptian Exchange (EGX) ended Monday on a mixed note, leaving behind its collective height, amid Egyptian and Arab selling.

EGX indices recorded a height at the beginning and in the middle of the session, affected by the start of the presidential election in Egypt, until the decline of EGX70 and EGX100 before closure.

The benchmark EGX30 rose 0.70 percent, or 119.65 points, to end at 17,104.34 points.

T-bills’ sales are expected to reach $19M in 2018: EFG Hermes

ales of Egyptian treasury bills (T-bills) are expected to reach $19 million in 2018, the same as 2017’s amount, Head of EFG Hermes Ahmed Shams told MENA.

Shams said that the Egyptian government aims to attain between $15 billion and $20 billion in 2018 through those treasury bills.

Business Incubators... Tasks to do, targets to achieve

The Egyptian government intends to issue business incubators through Rowad 2030 project, which is affiliated to the Ministry of Planning.

Egypt Today reviews what business incubators are and their importance, in addition to their tasks.

Pre-operation tests for Zohr 1st, 2nd production lines start

Mechanical and electrical installation works of Zohr gas field’s first and second production lines are close to completion, and pre-operation tests have been initiated, according to Chairman of Belayim Petroleum Company (Petrobel) Atef Hassan.

Aman certificates to be issued for expats: Immigration min.

Immigration Minister Nabila Makram said Monday that the Aman certificates will be issued for Egyptian expatriates after a mechanism is outlined for the purpose.



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