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Accounting, Statistics News in Egypt

20% Increase in Egypt’s Exports to Poland
3/3/2013 - The Egyptian-Polish Businessmen Association held an expanded meeting with Trade Minister Plenipotentiary Ehab Tahoon, to discuss means of augmenting Egyptian exports to Poland, whose value reached $13...
EGX Lost LE 7.2 Billion
3/5/2013 - The Egyptian Stock Exchange incurred heavy losses at the close of 4/3/2013 trading session with all indexes sharply down due to a tax crisis involving Orascom Construction Industries (OCI). On 3/3/201...
Egypt's Urban Consumer Inflation Hits 8.7%
3/10/2013 - Annual urban consumer inflation shot up to 8.7 percent year-on-year (y-o-y) in February, up from 6.6 percent in January according to data just released by the Central Agency for Public Mobilisation an...
Egyptian Exports up by 7%
3/17/2013 - The value of Egyptian exports over the past couple of months recorded EGP23.7 billion, of which EGP12.1 billion in February. A report by the Export-Import Control Authority said the value of building ...
EGX Gains EGP2.6bn
3/25/2013 - The Egyptian Exchange (EGX) indexes were unaffected by the decreased credit rating of Moody's Corporation for Egypt and an increase by the Central Bank of Egypt of the interest rate. Trading was up on...
EGX Gains EGP2.6bn
3/25/2013 - The Egyptian Exchange (EGX) indexes were unaffected by the decreased credit rating of Moody's Corporation for Egypt and an increase by the Central Bank of Egypt of the interest rate. Trading was up on...
EGX Loses 3.9bn Pounds
4/1/2013 - The Egyptian Exchange (EGX) closed on 31/3/2012 with its main index losing 1.6%. The market capital lost about 3.9bn pounds due to foreign investors' sales.
Egypt Foreign Reserves Dropped Slightly in March
4/4/2013 - Egypt's Net International Reserves (NIR) fell by around $84 million in March to $13,424 billion, the Central Bank of Egypt (CBE) announced. The NIR has fallen by around $1.6 billion since the beginnin...
EGX Gains EGP 2.9 Billion
4/15/2013 - The Egyptian Exchange (EGX) witnessed a collective rise at the closing of trading on 14/4/2013 due to a Qatari loan to Egypt and Libyan deposits that are expected to boost the national economy. The st...
Egypt Stocks Dip Slightly on Anticipated Cabinet Reshuffle
4/22/2013 - Egypt stocks slipped for the second consecutive day amid talk of an imminent cabinet reshuffle. Egyptian Prime Minister Hisham Qandil stated that discussions over an impending government reshuffle wer...
13.7% Increase in Foreign Currency Deposits
4/29/2013 - Central Bank of Egypt Governor Hisham Ramez said that deposits increase rate increased 11.58% in December 2012; the local currency increase rate was 11% while foreign currency increase rate was 13.7% ...
Egypt Urban Inflation Grows to 8.1% in April
5/9/2013 - Egypt’s urban Consumer Price Index (CPI) grew by 8.1 percent in the 12 months to April, recording 133.8 points, state statistics body (CAPMAS) announced. The annual urban inflation rate in the 12 mont...
Stock Gains EGP 1.2bn
5/20/2013 - The Egyptian Exchange ended its trading on 19/5/2013 with collective rise, the registered capital market indexes recorded about EGP 366bn against 364.8 last week, with an increase of EGP 1.2bn.
Inflation up, Deficit down for Egypt in 2014: IMF
5/21/2013 - The consumer price inflation is projected to reach 10.9 percent by the end of the 2013 fiscal year and climb to 11.6 percent in 2014 as the Egyptian government implements subsidy cuts, according to In...
Bourse Loses EGP 2.2 Billion
5/27/2013 - Egypt's bourse recorded a collective decline at the beginning of the week's trading on 26/5/2013, hit by lack of liquidity and driven by selling operations by unmotivated foreign investors. The market...

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