China trims lending rates with more ‘stealth’ cuts on the way

Wed, Aug. 21, 2019

The new five-year LPR rate was set at 4.85 percent.

Egypt, EBRD signs 2 grants worth €1.5M

Tue, Aug. 20, 2019

The grants were signed by Minister of Investment Sahar Nasr and Director of the European Bank for Reconstruction and Development Office in Egypt Khaled Hamza.

Korean Petroleum Corporation to increase investments in Egypt

Tue, Aug. 20, 2019

In a meeting held in the Egyptian Ministry of Petroleum on Aug. 20, Yoon pointed out that the volume of crude oil production is currently 12,000 barrels per day.

Egypt discusses social media ads’ tax with Facebook

Tue, Aug. 20, 2019

Ministry of Finance is about to finalize a new draft law on income tax.

EGX records collective rise Tuesday, market cap. gains LE6.63B

Tue, Aug. 20, 2019

The benchmark EGX 30 increased 0.86 percent, or 123.71 point, to close at 14,428.08 points.

Finance Ministry: Harvard's CID report reflects success of Egypt's economic reform program

Tue, Aug. 20, 2019

Egypt's economy is forecast to grow at a 6.8% clip per year over the next 10 years, said Harvard Center for International Development's 2027 Growth Projections.

CBE sells euro-dominated T-bills worth €610M

Tue, Aug. 20, 2019

The CBE clarified on its website that the average yield on T-bills recorded 1.49 percent.

Arabian Cement’s profits decline 88% in 1st half of 2019

Tue, Aug. 20, 2019

Moreover, ACC recorded profits of LE 19.4 million during the second quarter of 2019, compared to LE 50.7 million during the same quarter of 2018.