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Egypt’s trade balance deficit narrows 10.8% in December 2019
26 - Wed - Feb - 2020
Egypt’s trade balance deficit narrows 10.8% in December 2019
Egypt’s trade balance deficit shrank by 10.8% year-on-year to $3.45 billion in December 2019, compared to $3.87 billion, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Tuesday.ExportsThe North African nation’s exports grew by 0.5% to $2.59 billion in the…
EGP’s GDP expands to EGP 5.3trn in FY18/19
26 - Wed - Feb - 2020
EGP’s GDP expands to EGP 5.3trn in FY18/19
 Egypt’s gross domestic product (GDP) at current prices reached EGP 5.3 trillion in fiscal year 2018/2019, rising by 20% from FY17/18, the minister of planning and economic development Hala El-Saeed said.Investment spending contributed 40% to the GDP growth, 30% to net change in exports, and…
Palm Hills reports EGP 906m profit in 2019
26 - Wed - Feb - 2020
Palm Hills reports EGP 906m profit in 2019
The consolidated financial statements of Palm Hills Developments reported net profits of EGP 906.22 million in 2019, slightly down from EGP 906.86 million a year earlier, including minority shareholders’ rights.In the meantime, the property’s developer’s revenues retreated to EGP 6.22 billion last year from EGP 7.42 billion…
Bahrain suspends flights from Dubai, Sharjah for 48 hrs over coronavirus
26 - Wed - Feb - 2020
Bahrain suspends flights from Dubai, Sharjah for 48 hrs over coronavirus
Bahrain’s The Civil Aviation Affairs (CAA) has suspended all flights to and from the Dubai International Airport (DXB) and Sharjah International Airport for 48 hours starting early hours of 25 February 2020.The CAA is collaborating with all competent authorities to take all preventive measures against…
Egypt, S.Korea bilateral trade hits $1.59bn in 2019
26 - Wed - Feb - 2020
Egypt, S.Korea bilateral trade hits $1.59bn in 2019
Trade exchange between Egypt and South Korea amounted to $1.595 billion in 2019, the Egyptian minister of trade and industry Nevine Gamea said.Bilateral trade between the two countries included electronics, engineering products, ready-made garments, chemicals, fertilizer, and medical industries. Gamea added in a statement on…