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Egypt’s ex-President Hosni Mubarak passes away
26 - Wed - Feb - 2020
Egypt’s ex-President Hosni Mubarak passes away
The Egyptian former President Hosni Mubarak passed away at the age of nearly 92 on Tuesday, state-run TV reported. ​​​​​​​In January, Mubarak underwent a surgery and was said to be in a stable condition, according to his son Alaa.
Kuwait’s crude oil slid to $56.75 pb on Monday – KPC
26 - Wed - Feb - 2020
Kuwait’s crude oil slid to $56.75 pb on Monday – KPC
The price of Kuwait’s crude oil declined by $1.84 on Monday, 24 February, to reach $56.75 per barrel (pb) as compared to KWD 58.59 pb last Friday, according to the official prices by Kuwait Petroleum Corporation (KPC).On the global level, prices retreated by around 4% on Monday in…
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…