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CBE offers EGP 7bn T-bonds on Monday
17 - Mon - Feb - 2020
CBE offers EGP 7bn T-bonds on Monday
The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 7 billion on Monday on behalf of the Ministry of Finance.The first tranche of the T-bonds amounts to EGP 3.75 billion and will be offered through three-year notes, while the second tranche…
Remittances from Egyptian expats rise $1.2bn in 5M
17 - Mon - Feb - 2020
Remittances from Egyptian expats rise $1.2bn in 5M
 Remittances from Egyptian expatriates increased by $1.2 billion or 12.1% year-on-year during the first five months of fiscal year 2019/2020, data released by the Central Bank of Egypt (CBE) showedRemittances from Egyptians living abroad amounted to $11.1 billion during the July-November period of 2019, compared…
Egypt operates 7 investment zones at EGP 29.5bn
17 - Mon - Feb - 2020
Egypt operates 7 investment zones at EGP 29.5bn
Egypt has developed and operated seven investment zones spanning over a combined area of 2,142 feddans with total investments of EGP 29.5 billion, the executive chairman of the General Authority For Investment and Free Zones (GAFI) Mohamed Abdel Wahab said.The number of projects operating in these…
Benha investment zone reaches 96% completion – official
17 - Mon - Feb - 2020
Benha investment zone reaches 96% completion – official
Construction of Benha investment zone in the governorate of Qalyubia is 96% complete, the executive chairman of the General Authority For Investment and Free Zones (GAFI) Mohamed Abdel Wahab revealed. Spanning over 46 feddans, the investment zone will be home to 187 units operating in agricultural, food, and…
Mopco achieves EGP 830m profit in 2019 initial standalone results
17 - Mon - Feb - 2020
Mopco achieves EGP 830m profit in 2019 initial standalone results
The standalone financial indicators for 2019 of Misr Fertilizers Production Co (Mopco) showed a 43.8% drop in net profits to EGP 830.42 million from EGP 1.48 billion in 2018.The decline in net profits resulted from a foreign exchange loss of EGP 450 million due to an exchange…