China trims lending rates with more ‘stealth’ cuts on the wayWed, Aug. 21, 2019
The new five-year LPR rate was set at 4.85 percent.
Egypt, EBRD signs 2 grants worth €1.5MTue, 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 EgyptTue, 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 FacebookTue, 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 LE6.63BTue, 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 programTue, 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 €610MTue, 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 2019Tue, 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.