Economy - Wikipedia Commons
The budget expenditure was LE 1.207 trillion, while the revenues were set at LE 852.34 billion.
Mamish met on Thursday with members of board of directors of the SCZone Development Company to discuss the company’s agenda in the upcoming
Total revenues rose 10.4 percent to reach $765 million in Q2 of 2017 from $693 million in the same period of the previous year.
EGX ended Thursday in the green. The main index added 0.06 percent. Market capital gained LE 2.9 billion ($162.9 million), while turnover reached LE 883 million.
The dollar recouped some losses on Thursday but was still holding near a 2-1/2-year low hit in the previous session as investors readied for U.S.
Centamin, the operator of Egypt's only commercial gold mine, said its second-quarter pretax profit almost halved due to lower gold production and higher costs.
Seven wells have been drilled, leaving two more to be dug.
A new plan to improve solar energy production was unveiled such that there is a complete system for the production and export of solar energy equipment.
The Abu Dhabi Islamic Bank and Bank Audi recorded the highest interest rate at LE 17.885 for buying and LE 17.98 for selling.
The trade balance deficit declined 46 percent or $11 billion to reach $13 billion in the first half of 2017, down from $24 billion in the year-ago period.
EG Bank’s net profits after deducting taxes rose 18 percent to reach LE 282.4 million ($15.8 million), up from LE 238.7 million in the period ended June 30, 2016.
The dollar recouped some losses on Thursday but was still holding near a 2-1/2-year low hit in the previous session as investors readied for U.S.
The Bank of England kept interest rates at a record low again on Thursday and, seeing Brexit weighing on the economy, cut its forecasts for growth and wages.
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