news

Egypt raises spending on health by 20%, education by 14%
13 - Thu - Feb - 2020
Egypt raises spending on health by 20%, education by 14%
The Egyptian Ministry of Finance said that public expenditure on health and education was increased by 20% and 14%, respectively, during the first half (H1) of the current fiscal year (FY) 2019/2020.During the same period, the government increased spending on food subsidies by 3.3% and…
CI Capital’s net profits surge to EGP 621m in 2019
13 - Thu - Feb - 2020
CI Capital’s net profits surge to EGP 621m in 2019
The net profits of CI Capital Holding For Financial Investments registered a 46.05% year-on-year (YoY) hike to EGP 621.15 million in 2019 from EGP 425.31 million in 2018.The company’s revenues increased by EGP 2.291 billion last year from EGP 1.737 billion in 2018, according to the company’s…
MWC 2020 cancelled over coronavirus worries
13 - Thu - Feb - 2020
MWC 2020 cancelled over coronavirus worries
The Mobile World Congress (MWC), which was scheduled to be held in Barcelona on 24-27 February 2020, has been cancelled due to concerns about the coronavirus outbreak.Travel concerns and other circumstances make it impossible for the communication and mobile technology event to take place, organizer…
Egypt's furniture regional exports hit $164m in 2019
13 - Thu - Feb - 2020
Egypt's furniture regional exports hit $164m in 2019
Egypt has exported furniture valued at $265 million in 2019, down by 18% as compared to $324 million in 2018, Middle East News Agency (MENA) reported on Thursday.Exports to Saudi Arabia, the UAE, Oman, Iraq, and Sudan totalled $164 million last year, accounting for 62% of total exports,…
Egypt issues EGP 20.5bn T-bills on Thursday
13 - Thu - Feb - 2020
Egypt issues EGP 20.5bn T-bills on Thursday
The Central Bank of Egypt (CBK) on Thursday will issue treasury bills (T-bills) worth EGP 20.5 billion, in coordination with the Ministry of Finance (MoF), according to recent data from the CBK.   The first tranche of the issue amounts to EGP 10 billion and will be…