Business

12:24

cairo, gmt + 2

9 December

Thursday, 2021

Egypt's central bank issues LE 18B in T-bills Thursday

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Thu, 09 Dec 2021 - 10:21 GMT

The T-bills were offered in two installments, with the first valued at LE 3 billion with a 182-day term.

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Magazine Egypttoday May/June 2021

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Abu Qir Fertilizers signs contract to promote 10% of its shares within gov't offering program

Wed, 08 Dec 2021 - 03:36 GMT

The company explained in a statement to the Egyptian Stock Exchange, Wednesday, that a promotion contract was signed with CI Capital to promote and cover initial public offerings (IPOs), EFG Hermes to promote and cover the subscription, and Al Ahly Pharos to promote and cover the subscription in securities.

Egypt's non-oil exports rise to $26.9B in 10 months

Wed, 08 Dec 2021 - 03:27 GMT

The report of the General Organization for Export and Import Control showed that all industrial sectors achieved high growth rates during the 10 months, despite the negative repercussions of the Corona pandemic.

Trade exchange bet. Egypt, Bahrain hits $552M in 7 months

Wed, 08 Dec 2021 - 03:14 GMT

Gamea added that as the most important items of trade exchange include vegetables, fruits, electrical appliances, iron, steel, aluminum and plastics.

Egypt to offer 6 investment opportunities during Q1 of 2022

Wed, 08 Dec 2021 - 03:00 GMT

These opportunities will be in the governorates of South Sinai, the Red Sea, Ismailia, Kafr El-Sheikh, Assiut and Minya.

Strategy underway to increase Egypt's chemical exports to hit $6.5B by 2023: CFEC

Wed, 08 Dec 2021 - 02:48 GMT

In a press release, Abu el Makarem said the strategy comes as part of the government's plan to increase Egypt's exports of all products to $100 billion.

Estshara, Integrated Diagnostics Holding sign momentous agreement to provide virtual medical advices to patients

Wed, 08 Dec 2021 - 02:13 GMT

The signed agreement represents a significant shift in the Egyptian healthcare by igniting the implementation of a technology enabled and patient-centric healthcare system.

Egypt, JICA celebrate 1st batch of Egyptian Tokkatsu Officers

Wed, 08 Dec 2021 - 01:38 GMT

These Tokkatsu activities focus on the development of the children's non-cognitive skills through fostering their autonomous abilities, social and independent attitudes, and establishing human relationships that form the basis for academic achievement.

Discussed: Investment boom witnessed in Egypt’s ports sector this year

Wed, 08 Dec 2021 - 12:10 GMT

An investment boom has been witnessed in the transport sector in Egypt during the current fiscal year 21/22, where the total investments hit L.E. 244.7 billion.

Egyptian economy to be 2nd largest Arab, African economy by 2022: IMF

Tue, 07 Dec 2021 - 04:59 GMT

The report indicated that the IMF’s expectations indicate an increase in total revenues as a percentage of gross domestic product (GDP), to record 18.6 percent in 2021/2022, 18.7 percent in 2022/23, 18.9 percent in 2023/2024, and 19 1 percent in 2024/2025.

EGX ends mid-week session on mixed note, market cap. loses LE 3.3B

Tue, 07 Dec 2021 - 03:55 GMT

The benchmark EGX30 rose 0.20 percent, or 23.39 points, to end at 11,538.26 points.

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