Mohamed Salah

136 Articles

Advertising Area







Latest by Mohamed Salah


Egyptian Stock Exchange. (PHOTO BY MOHAMED OMAR)

EGX30 closes above resistance level

The standard stock exchange index, EGX 30, ended Monday’s session above the resistance level of 5,800 points for the first time this month amid expectations of a continuing increase. The index closed Monday at 5,893 points compared to 5,793 points on Sunday, gaining 1.73 per cent, while the EGX70 index for small and medium sized …

Mohamed Salah

For the seventh time: CBE fixes interest rates on deposits and loans

In its meeting Thursday, the monetary policy committee in the Central Bank of Egypt has decided to fix the interest rates on deposits at 9.25 per cent and on the one night lending at 10.25 per cent for the seventh time since February, in an attempt to maintain the bank’s monetary policy and to control …

Mohamed Salah

Developers compete for Egyptian Steel contract

Four companies are competing for a contract of Egyptian Steel’s plant in Ein Sokhna. The bidding companies are Orascom Construction Industries (OCI), Petrojet, Hassan Allam Sons and SIAC, chairman of Egyptian Steel, Ahmed Abou Hashima, said on Wednesday. The winner of the EGP 220 million bid will be announced within the coming two weeks, said …

Mohamed Salah

Egypt close to agreement with IMF

An agreement on the proposed $4.8 billion loan to Egypt could be reached by mid-November, according to director of the International Monetary Fund (IMF), Christian Lagarde. Lagarde spoke to Egyptian reporters on Thursday in a press briefing that was held during the joint meeting of the IMF and the World Bank in Tokyo. “As you …

Mohamed Salah

Exporta conference: growth in Africa, decline in Europe

The fifth annual “Egypt, Trade and Export Finance” conference was held yesterday in Cairo. Trade experts, bankers and businessmen convened to discuss export and trade opportunities for Egypt, in the context of the ongoing dialogue on the country’s economy. Optimism was driven by positive factors favouring the Egyptian economy which make it able to regain …

Mohamed Salah

End of Section