Business news wrap-up

Government amplifies fuel supplies for Eid

EGPC will increase shares of fuel stations on highways by 20 percent.

Wages register LE 190B in 10 months: CAPMAS

Wages stood at LE 184.8 billion in the ten-month period from July 2015 to May 2016, accounting for 28.2 percent of the total structure of this fiscal year.

Dabaa project contracts to be signed before 2017: NPPA head

The ceremony to sign the contracts for establishing the Dabaa nuclear power plant will be held before the end of 2017.

BAML, FAB to get roles in IPO of Emaar's UAE real estate unit

Bank of America Merrill Lynch (BAC.N) and First Abu Dhabi Bank FAB.AD are set to join Goldman Sachs (GS.N) in getting roles in the share sale of the

Egyptian pound keeps inching up against dollar

It registered LE 17.62 for buying and LE 17.72 for selling.

Crude dips, gasoline spikes as floods knock out refineries

Oil prices dipped Wednesday but gasoline spiked to its highest since mid-2015 as flooding in the wake of Hurricane Harvey knocked out quarter of U.S refineries.

Egyptian exports to Spain jump 48% in H1 2017

Deficit of the trade balance between both countries declined $206 million.

Barclays Bank Egypt posts LE 508M profits in H1 2017

Revenues increased by 34 percent to reach LE 946 million ($ 53.54 million).

Egypt's M2 money supply up 38.74% YoY in July: CBE

Egypt’s M2 money supply was up 38.74 percent at the end of July from a year earlier.

Renewable energy entity studies 6 offers for 250MW solar plant

The solar plant is planned to be located in the Gulf of Suez.

Lebanese investors target $10B investments in Egypt

Over 25 years, the number of Lebanese projects in Egypt reached 1,400 projects, with Lebanon ranking the 13th largest foreign investor in the country.

EGX ends in green, turnover gains LE 188M

Market capitalization grew LE 6 billion to reach LE 705 billion compared to LE 699.34 billion Tuesday.