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Accounting, Statistics News in Egypt

Hatem Saleh: Increasing Support for Exports to EGP 3.1bn
11/2/2012 - Industry and Foreign Trade Minister Hatem Saleh has affirmed that the ministry increased support for exports to 3.1 billion pounds. In press statements on 01/11/2012, Saleh said that his ministry is c...
EGX Loses EGP 7.8bn
11/5/2012 - The Egyptian Exchange maintained its bearish trend at the closing of trading on 4/11/2012 prompted by sales of Egyptian and foreign investors. The bourse lost EGP7.8 billion during trading. The EGX 30...
Egypt's foreign Reserves up $441 Million in October
11/5/2012 - Egypt's foreign reserves rose by $441 million in October, the central bank said on its website on Monday. Net international reserves were $15.484 billion at the end of October, up from $15.043 billion...
Egypt Stocks up 1.7pct on Rising Forex Reserves
11/6/2012 - Egypt stocks continued to rebound for the second consecutive day on Tuesday driven by positive news about the country’s rising foreign reserves and an anticipated settlement between the Egyptian Tax A...
ESE Gains LE 5.3 bn
11/7/2012 - The Egyptian Stock Exchange (ESE) gained some 5.3 billion at the end of trading on 6/11/2012, amid intensive purchasing operations by foreign investors. The EGX 30 benchmark index inched up 1.78 per c...
Annual Inflation Rate up 4.64% in October
11/12/2012 - The Central Bank of Egypt (CBE) has announced that the annual inflation rate was up to 4.64% in October compared to 3.84% in September. The bank said in a statement on 11/11/2012 that the monthly infl...
CIB Sees LE610.4 Million in Profits of 2012
11/14/2012 - The Commercial International Bank (CIB), Egypt's largest private bank, reported a record third quarter financial results, as net income grew by an annual 94 per cent mainly due investment in governmen...
ESE Gains LE 2.8 bn
11/14/2012 - The Egyptian Stock Exchange (ESE) was up at the close of trading on 13/11/2012 powered by an announcement by official sources on Egypt's reaching an initial agreement on a 4.8 billion dollar loan from...
ESE Loses LE10 bn
11/19/2012 - The Egyptian Stock Exchange (ESE) lost on 18/11/2012 trading about ten billion Egyptian pounds on the backdrop of incidents at the local and regional levels including the latest developments in Gaza a...
Raising Egyptian Economic Growth Rates Gradually to 7%
11/19/2012 - Dr. Hisham Qandil Prime Minister - announced the government's intention Egyptian president to achieve political and economic stability, adding that the government aimed at raising growth rates gradual...
ESE Gains LE 2.8 bn
11/22/2012 - The Egyptian Stock Exchange (ESE) gained LE2.8 billion at the close of trading on 21/11/2012 Market capital increased to LE374.9 billion. The EGX 30 benchmark index closed 1.34 per cent up to reach 5,...
EGP2.88bn Wind Power Station to be Set up in Gabel el-Zeit
11/25/2012 - The Ministry of Electricity & Energy is putting up a tender early next year for the establishment of a 200-megawatt wind-operated power station in Gabal el-Zeit area in the Gulf of Suez at a total cos...
Budget Deficit Hits EGP69.6bn in 4 Months
11/25/2012 - The State budget deficit in July-October period has increased to EGP69.6 billion - 3.9% of the Egyptian Gross Domestic Product (GDP) against EGP47.2bn during the same period last year, a report by the...
1.1 Million Egyptians Officially Worked Abroad in 2011
11/27/2012 - Around 1.1 million Egyptians received visas to work abroad in 2011, down from 1.131 million in 2010, the state-run statistics agency CAPMAS reported. The fall represents a decline of 0.2 per cent. Con...
ESE Gains LE 1.3 bn
11/28/2012 - The Egyptian Stock Exchange (ESE) gained 1.3 billion pounds at the close of trading on 27/11/2012. Market capital increased to LE 350.08 billion. The EGX 30 benchmark index closed 0.02 per cent up to ...
Average Annual Income of Egyptian Family is LE 25,000
11/29/2012 - According to a study by the Central Agency for Public Mobilization and Statistics (CAPMAS), the average annual income of Egyptian family hit LE25, 353 in 2010/2011. The annual income of Egyptian famil...
ESE Gains LE 4.7BN with Main Index up 1.8 PCT
12/3/2012 - The Egyptian Stock Exchange (ESE) achieved profits at the closing of trading on 2/12/2012 prompted by purchases by foreign investment institutions, Egyptians and Arabs. The gains came amidst a touch o...
ESE Gains LE 8bln
12/5/2012 - The Egyptian Stock Exchange (ESE) revived at the closing on 4/12/2012 trading on the back of the approval by judicial authorities to oversee the public referendum on the draft constitution slated for ...
Egypt Foreign Reserves Drop $449 mln in November
12/9/2012 - Egypt's foreign reserves dropped by $449 million in November, the central bank said on its website on Thursday. Net international reserves were $15.035 billion at the end of November, down from $15.48...
ESE Gains LE 9.5BN
12/10/2012 - The Egyptian Stock Exchange (ESE) gained LE9.5 bn at the closing of trading on 9/12/2012 with the 30 benchmark index increasing 4.4 per cent to stand at 5051.96 points. The agreement of national powe...

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