Business News Wrap-up

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Sun, 27 May 2018 - 05:00 GMT

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Sun, 27 May 2018 - 05:00 GMT

 Economy Index - Pixabay

Economy Index - Pixabay

Public business sector min. reshuffles MIHC board of directors



Minister of Public Business Sector Khaled Badawy issued decision No. 45/2018 to reshuffle the board of directors of Misr Insurance Holding Company (MIHC) after the tenure of the current board of directors has ended.

Bahrain lifts importing ban on Egyptian Guava



Bahraini Ministry of Works, Municipalities Affairs and Urban Planning lifted the importing ban of Egyptian fresh Guava starting from the next export session of 2018/2019, in accordance with the requirements agreed upon between the agricultural quarantine authorities in both countries.

Finance ministry auctions T-bills worth LE 15bn



The Finance Ministry auctioned on Sunday treasury bills at a total value of LE 15 billion.

Trade Ministry trains Africans on quality, production system



The Ministry of Trade, in cooperation with Japan International Cooperation Agency (JICA), held a week-long course for 20 trainees from 10 African countries on Japan's quality and production systems.

Planning minister allocates LE 16M for Ismailia, Dakahalia



Planning Minister Hala el-Saeed approved on Sunday additional allocations for Ismailia and Dakahalia governorates, worth LE 16 million ($891,695) in the current fiscal year 2017/2018.

EGX ends Sunday in semi collective regression amid Egyptian, Arab selling



The Egyptian Exchange (EGX) ended Sunday's session in a semi-collective regression, and market capitalization lost LE 168.15 million ($29.2 million) amid Egyptian and Arab selling.

Additional well in Nawras field enters production with 180 mcfd



The Petroleum Ministry said on Sunday another well in Nawras gas field, identified as Nedico, has entered production with around 180 million cubic feet of gas and 1,500 barrels of condensates per day.

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