Business News Wrap-up



Sun, 08 Apr 2018 - 05:10 GMT


Sun, 08 Apr 2018 - 05:10 GMT

FILE- Foreign currency

FILE- Foreign currency

Market Cap. gains LE 149.3B, foreign investors buy at LE 9.9B

The Egyptian Exchange’s market capitalization recorded a profit of LE 148.18 billion ($8.36 billion) since the beginning of 2018, amid foreign buying.

Market Capitalization ended Thursday’s session at LE 973.09 billion, compared to the last trading session of 2017 that ended at LE 824.9 billion.

Egypt’s exports to EU jump to $2.1B

Egypt’s exports to the European Union jumped to $2.1 billion (LE 37.1 billion) during the first quarter of fiscal year 2017/2018, compared to $1.6 billion in the same quarter of 2016/2017, according to the Central Bank of Egypt (CBE).

More than 200 companies participate in ‘Ahlan Ramadan’ fair

More than 200 companies specialized in food products will participate in the “Super Market Ahlan Ramadan” fair, Ashraf el-Gazayerli, the chairman of the Chamber of Food Industry (CFI) said Sunday.

State IPO program aims to invigorate stock market: PM

Prime Minister Sherif Ismail said that the government’s IPO program aims to invigorate the stock market, attract more investments and provide financing to the companies so that they can expand, an official statement said Sunday.

New investments jump 337% in March

New investments in March 2018 jumped 337 percent year-on-year to stand at LE 8.3 billion, the Investment Ministry said in a monthly bulletin on Sunday.



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