Egypt’s Business digest June 19: CBE auctions 9.5b EGP in treasury bonds Sunday
U.s.dollar - AFP/Shawn Thew
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CAIRO: No more browsing from site to site, view the top business news stories of Egypt on June 19.

 

Finance Ministry puts forward treasury bonds totaling 9.5 b EGP

The Ministry of Finance, represented in the Central bank of Egypt (CBE,) is set to put forward a total of 9.5b EGP (around $1 billion) in treasury bonds Sunday.

The T-bonds are to be offered in two installments; the first valued at 4.5 billion EGP with 91-day term, while the second worth 5 billion EGP with a 266-day term.

 

USD exchange rate steady at 8.88 EGP Sunday

The U.S. dollar exchange rate remained steady against the Egyptian pound in the official market at the beginning of this week’s trading, where the USD reached 8.8575 EGP in purchasing and 8.8794 EGP for selling. The Euro exchange rate against the EGP reached 9.91 EGP for purchasing and 9.94 for selling.

 

Gov’t signs protocol with NGOs to distribute food for free in Ramadan

The Ministry of Supply is scheduled to sign a cooperation protocol Sunday with the Misr el-Kheir Foundation and the Egyptian Food Bank; a charitable association to distribute free food commodities among the needy during the holy month of Ramadan.

 

CAPMAS to announced Monday results of time-use survey

The Central (CAPMAS) will hold a press conference Monday to announce the results of a survey on how Egyptians, including males and females, spend their time and whether the activities they do are related to paid labor market or unpaid.

 

South Sinai Investors Association launches promotional campaign abroad

Chairman of the South Sinai Investors Association, Hisham Ali announced that the association is preparing to launch a huge promotional campaign in 10 countries to promote tourism in Sinai, attract more tourists and court holidaymakers from different countries, according to Youm7.

Ali added that the campaign will include visits to several countries including: Lithuania, Georgia, Romania, Germany and some Arab countries.

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