Tourism Minister Ahmed Issa said in a meeting with the American Chamber of Commerce in Cairo, that About 13 million tourists visited Egypt in 2019.
The benchmark EGX30 increased 0.06 percent, or 9.78 points, to end at 15,561.25 points.
FIFA regulations allow each club to receive $10,000 for every day a player stays in his country’s camp during his participation in the World Cup, starting from November 14 until the end of his career in the tournament.
Regarding the group business in Egypt, Smith pointed out that they are keen to start building their export portfolio from the Egyptian borders.
The first installment of the loan value, which amounts to about $750 million, will be delivered within days.
Egypt’s Minister of Tourism and Antiquities, Ahmed Issa, revealed a set of figures and statistics related to the tourism sector in Egypt, explaining that his ministry plays its role as an organizer and supervisor of nearly 8,000 tourist facilities.
The benchmark EGX30 increased 0.35 percent, or 51.26 points, to end at 14,838.31 points.
This is the highest level of inflation recorded in Egypt since December 2017, when it recorded 21.9 percent, a month after the Central Bank of Egypt, led by its former president Tarek Amer, liberalized the exchange rate of the pound in November 2017.
Madbouli elaborated that the government is aware that there is a rise in prices.
The benchmark EGX30 increased 1.19 percent, or 170.52 points, to end at 14,498.29 points.
The benchmark EGX30 increased 1.77 percent, or 249.24 points, to end at 14,327.77 points.
“The platform stopped the price movement until the market stabilized, in light of the existence of crude manipulation under the illusions of supply and demand, in addition to the existence of a discrepancy in prices within the market,” Saeed Imbaby, CEO of the "iSagha" platform, said.
On Nov. 30, Agthia Group announced the completion of its acquisition of a 60 percent stake in Auf Group at a value of LE 2.9 billion.
The benchmark EGX30 increased 3.22 percent, or 438.8 points, to end at 14,078.53 points.
The discovery will be a huge boost to Egypt which has seen its output fall from a peak of 7.2bn cfd last September to 6.5bn cfd for Q3.
The benchmark EGX30 increased 1.41 percent, or 174.51 points, to end at 12,515.71 points.
Egypt announced reform procedures followed by announcing securing financing packages worth $9 billion.
The benchmark EGX30 hiked 0.26 percent, or 28.65 points, to end at 11,100.67 points.
This came in response to the Central Bank’s decision to raise interest rates by about 2 percent in an exceptional meeting, and the flexibility to move the exchange rate against foreign currencies.
Madbouli elaborated that the document aims to develop a clear and specific regulatory framework for regulating relations in economic activities between the state and the private sector.