Hanan Mohamed

Will Facebook be able to turn Libra into a global currency?

Owning large reserves of minerals-rich black sand, Egypt has taken official steps to benefit from this valuable treasure.

During the second quarter of 2019, the company's profits surged to LE 306.5 million, compared to LE 213.5 million during the same quarter of 2018.

The benchmark EGX 30 jumped 2.16 percent, or 299.87 point, to close at 14,180.44 points.

As per standalone profits, the company's profits surged 253.95 percent during January-June period of 2019, recording LE 5.04 billion, compared to LE 1.4 billion during the same period of 2018.

Arabs and foreigners represented 19.7 percent of the IPO and 49.3 percent of the private offering.

Core inflation discounts or strips out certain categories that are considered more volatile.

On a monthly basis, inflation increased 1.5 percent in July, recording 312.5 points, compared to 307.8 points in June.