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Accounting, Statistics News in Egypt

Egyptian Exchange Gains EGP2.3bn
8/27/2012 - The Egyptian Exchange continued its upward trend to end trading on 26/8/2012 up amid cautious optimism over the country's economy, with the EGX 30 benchmark index gaining 0.51 per cent to close at 5,2...
ESE Gains LE 1.8 Billion
8/28/2012 - Egyptian Stock Exchange (ESE) continued its upward trend to finish on 27/8/2012 up over President Mohammed Morsi's visit to China on 28/8/2012. The EGX 30 benchmark index gained 0.75 per cent to close...
Egypt Money Supply Rises 8 pct in Year to July
8/31/2012 - Egypt's M2 money supply rose 8 per cent in the year to the end of July, the central bank said. Money supply was LE1, 101.9 billion ($180.8 billion) at the end of July, up from LE1,094.4 billion at the...
Egyptian Exchange Gains EGP 29.3 Billion in August
9/1/2012 - The Egyptian Exchange achieved record gains in August of nearly EGP 30 billion, led by positive news on the political and economic fronts. The capital market gained EGP 29.3 billion in August, the sec...
Egypt Bourse Sees Strong Gains
9/2/2012 - Egypt stocks see substantial gains, with main benchmark EGX30 advancing 1.6 per cent to sit at 5,418 points one hour into the session. Commercial International Bank (CIB) saw an impressive rally, risi...
Chinese Investments in Egypt Increase $3 Billion
9/2/2012 - Planning and International Cooperation Minister Ashraf al-Arabi said the Chinese investments in Egypt will increase to around $3 billion in two years as well to open the Chinese markets for Egyptian e...
Egypt Expects Chinese Investment Worth $3 bln
9/2/2012 - Direct investment from China is expected to reach $3 billion over the next two years, state-run daily Al-Ahram reported, citing Egyptian Minister of Planning and International Cooperation Ashraf El-Ar...
Qatar's Eye on Egypt Banks Drives Up Shares 1.7pct
9/2/2012 - Egypt’s stocks rose at the close of the week’s starting session, unusually bolstered by the banking sector as its shares recorded high gains. The main index EGX30 climbed by 1.7 per cent recording 5,4...
Egypt's Sewedy Q2 Profit Slides 82 pct
9/3/2012 - Egypt's El Sewedy Electric , the Arab world's biggest listed cable maker, reported an 82 per cent drop in second-quarter net profit. Net income tumbled to LE30.6 million ($5.01 million) from LE169.5 m...
ESE Gains EGP4.8 bn
9/3/2012 - The Egyptian Stock Exchange (ESE) on 2/9/2012 closed with gains amounting to EGP 4.8 bn backed by continuing Arabs Purchases. The benchmark index EGX 30 was up 1.7 per cent to 5,424.79 points.
EGP 1.650 Billion for development & infrastructure projects in Sinai
9/4/2012 - The government has decided to assign LE1.650 billion for completing development and infrastructure projects in Sinai during the current fiscal year. Different government bodies and ministries will car...
Egypt Needs LE 267 Billion Investments in 2012
9/6/2012 - According to Egypt State information service, Prime Minister Hisham Qandil said on 4/9/2012 that Egypt needs investments worth LE 267 billion to raise the growth rate from 4 to 5 percent in 2012. The ...
Bourse Gains EGP 13.4 Billion this Week
9/8/2012 - Egypt's bourse gained EGP 13.4 billion and the main index recorded its highest rate within 15 months. The main benchmark EGX 30 index rose by 3.95 percent to 5,543 points. The broader EGX 70 index of ...
Egypt Annual Inflation Holds Steady Around 6.4 pct
9/10/2012 - Egypt's urban inflation remained almost unchanged at 6.4 per cent in the year to August, but climbed a monthly 1.1 per cent on rising food prices, data from CAPMAS showed. The monthly increase in infl...
Egypt's Exchange Continues upward Trend
9/10/2012 - Egypt's Exchange has continued its upward trend for the second session in a row, prompted by purchases of Arab and foreign investors. The market capital achieved gains worth EGP1.7 billion to reach EG...
Egypt 2011/12 Deficit Grows Surprise LE170 Billion
9/11/2012 - Egypt's state budget deficit for 2011/12 was far higher than forecast, driven by a large increase in the state wage bill and a drop in tax revenues, the Finance Minister said.In a ministry statement i...
CBE: Balance of Payment Deficit Hits $ 11.3 bn
9/11/2012 - Overall deficit of the Egyptian economy's balance of payment yawned to hit $11.3 billion during fiscal year 2011-1012 against $9.8 billion the previous FY, lowering net reserves of the Central Bank of...
Egypt Bourse Continues Upward Trend, Gains LE 3.5bn
9/11/2012 - Egyptian Stock Exchange continued its upward trend for a third session in a row, backed by purchases by major companies. The market capital achieved gains worth LE 3.5 billion to reach LE 387.1 billio...
Bilateral Foreign Trade Volume between Egypt and Italy
9/11/2012 - Bilateral foreign trade volume between Egypt and Italy in 2011 was put at $ 5.7 billion representing 6.4% of Egypt's foreign trade volume with the world. This was announced by the Italian Ambassador t...
Egypt Stock Trades Near LE1 Billion for First Time
9/11/2012 - Egyptian investors surged back onto the country's stock market, sending turnover rocketing to its highest level in months and the main index firmly into the green. Total trade reached LE975.9 million ...

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