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Egyptian exchange opens on mixed note, EGX30 adds 0.15%
The Egyptian Exchange (EGX) opened on mixed note in Wednesday’s early trading, as the benchmark index EGX30 added 0.15 percent, Youm7 reported.
The small and medium caps index EGX70 dropped by 0.13 percent, while the broader index EGX100 edged down 0.04 percent.
The benchmark index went down 0.89 percent or 73.5 points closing at 8,199.65 points on Tuesday.
Egypt’s annual urban consumer price inflation stood at 14 pct in July: CAPMAS
Egypt’s annual urban consumer price inflation stood at 14 percent in July, the statistics agency CAPMAS said on Wednesday.
Egypt’s urban consumer price inflation figure had been rising since April, when it entered double-digit territory propelled by currency devaluation and the lead up to the fasting month of Ramadan, when food prices tend to temporarily spike.
60m EGP allocated for road rehabilitation plan in Giza: governor
A total of 60 million EGP from the 2016-2017 fiscal year budget has been allocated to raise the efficiency of 22 roads in Giza governorate, Governor Mohamed al Daly was quoted by Youm7 on Wednesday.
The road rehabilitation plan includes paving, maintenance and repaving works for important roads in 23 cities across the governorate, he added.
50% drop in Egypt’s inbound tourism rate during 1st half of 2016: official
The number of tourists visited Egypt during the first half of 2016 dropped by 50 percent to register three million down from around 6 million during the same time last year, Mahmoud Sami, head of Egypt’s Tourism Promotion Authority told Al Ahram on Tuesday.
Number of tourists visiting Egypt has sharply declined following the crash of the Russian passenger plane over Sinai in October 2015.
Tourism revenue totaled $500 million in the first quarter of 2016, around 66 percent down compared to the same quarter a year earlier, a tourism ministry adviser told Reuters in April.
196 ships transit Suez Canal in past 4 days: chairman
A total of 196 vessels have transited the Suez Canal during the past four days with a total cargo of 11.3 million tons, Suez Canal Authority Chairman was quoted by Youm7 on Wednesday.
The south-bound convoy included 113 vessels carrying 6.2 million tons, while the north-bound convoy included 83 ships carrying 5.1 million tons, said Mamish.