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الخميس, 20 سبتمبر 2018 02:12 م
an increase in Housing prices up 20% in three months

Real estate prices in Egypt have increased by 5% to 20% in terms of residential and residential units. This is also accompanied by a significant decrease in the sales movement witnessed by real estate in Egypt.

الخميس, 20 سبتمبر 2018 02:11 م
0.76% a decrease of Nile Stock Exchange trading during Thursday’s session

Nile Stock Exchange records a decrease of 0.76% on Thursday, 20 September 2018 recording 448.43 points on the shares of 7 companies during the 416 thousand shares executed over 67 transactions; the total value traded recorded 362 thousand. Total Market Cap LE 145 thousand

الخميس, 20 سبتمبر 2018 02:05 م
Decrease of 0.11 % in EGX 30, 1.68% in EGX50, 0.56 % in EGX 20 and 1.68% in EGX 70 and 1.58 % in EGX 100 during Thursday’s session

EGX 30 index closed at 14083.48 points recording 0.11 % loss, EGX 50 index closed at 2172.56 points recording 1.68%loss, EGX 20 index closed at 13413.3 points recording 0.56 % loss, EGX 70 index closed at 682.88 points recording 1.68% loss, while EGX 100 index closed at 1740.19points recording 1.58 % loss on Thursday, 20 September 2018.

The total value traded recorded LE 1,762,754 billion while the total volume traded reached 302,160 and 31,327transactions. Total Market Cap LE 780,118,420,262.

For (Egyptians Real Estate Fund Certificates) records 7.17% gains and closed at LE (8.370) followed by (T M G Holding) which 4.92% gains and closed at LE (10.870).

On the other hand (Alexandria Pharmaceuticals) records (9.94) % loss and closed at LE (112.830) followed by (El Obour Real Estate Investment) recording 9.92% loss and closed at LE (5.720)

The Egyptians controlled 62.37% of the value traded during the day recording net Sales of 352,236,855.Non-Arab foreign investor's accounted 31.08 recording net purchases of LE 279,747,486, while Arab investor's captured 6.56% after excluding deals recording net purchases of LE 72,489,369.The institutions accounted for 68.63% of the value traded, while the 31.36 were for the individuals.

الخميس, 20 سبتمبر 2018 01:26 م
Cyprus, Egypt sign framework agreement for building gas pipe
(Xinhua) -- Cyprus and Egypt signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt, a statement said.

It said the deal was signed by Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis and Egypt's Oil Minister Tarek el Molla, in the present of an EU official who expressed support for the project.

The terms of the actual commercial agreement for the construction of the pipe will be discussed between the companies involved in the project, a Noble Energy consortium and the operators of a liquefaction plant at Idku, Egypt.

Lakkotrypis said the agreement was aimed at ensuring the timely and safe development, construction, and operation of an underwater pipeline directly to Egypt through the two countries' exclusive economic zones.

A joint committee will be set up in the next 30 days to oversee the project.

The pipe is intended to convey natural gas from Cyprus's Aphrodite natural gas field to a liquefaction plant at Idku, a town in Egypt's Beheira Governorate.

Aphrodite is operated by Texas-based Noble Energy in association with the Israeli Dalek Drilling and Royal Dutch Shell through its acquisition of British Gas.

It is estimated that Aphrodite field, some 160 kilometres off the south shores of Cyprus, contains between 3.6 and 6 trillion cubic feet of natural gas.

The pipe will make use of existing Egyptian infrastructure from depleted gas fields to Idku.

الخميس, 20 سبتمبر 2018 01:25 م
Egypt -Morocco trade exchange hit 40% hike, senior official
The Egyptian-Moroccan Businessmen Association aims to increase trade exchange rates between the two countries by 40% to about 1.2 billion dollars in 2019, compared to about 730 million dollars currently.

Mohamed Adel Hosny, Head of the Egyptian-Moroccan Association revealed in an interview with «Al Mal» that the existence of contacts between several Egyptian companies and Moroccan importers to agree on commercial deals in the fields of timber and textiles.

Hosny added that there is a strong competition for Egyptian products in Morocco, especially by the products of Turkey, India and China, pointing out that the Egyptian products have competitive prices, high quality and compete strongly with products of those countries.

He stated that the agreement to export shipments of agricultural crops such as strawberries, mangoes, and some vegetables that were not imported by Morocco from Egypt


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