Egypt’s business digest Aug. 24: Egypt, India to increase bilateral trade exchange to $8 bln in 2017: MP
The Prime Minister, Shri Narendra Modi Meeting The President Of Egypt, Mr. Abdel Fattah Al-Sisi, On The Sidelines Of The 3rd India Africa Forum Summit 2015, In New Delhi On October 29, 2015.

CAIRO: No more browsing from site to site, view the top business news stories on August 24 here:


Egypt’s Orascom Construction Q2 net falls to $26.4 mln

(REUTERS): Egypt’s Orascom Construction reported a 25 percent fall in second quarter net income to $26.4 million on Wednesday.

The engineering and building business, which is dual listed in Cairo and Dubai, reported a 0.7 percent rise in revenue to $1.024 billion.


EGAS imports 12 gas tankers in June: official

The Egyptian Natural Gas Holding Company (EGAS) has imported 12 liquefied gas tankers via Ain Sokhna Port in June, Youm7 quoted official sources in Petroleum department.

The imported amount of gas will be used to meet market’s needs.


Egypt to receive Italian grant to develop education policies

Minister of International Cooperation Sahar Nasr is scheduled to sign Wednesday an agreement with the Italian Ambassador in Cairo, to receive a grant for the education development fund.

The fund belongs to the cabinet and is a service organization aiming to improve and adjust education policies; it was established in 2004.


USD exchange rate ‘stable,’ reaches 8.88 EGP

The USD exchange rate has been stable against the Egyptian Pound, where it reached Wednesday 8.88 EGP for sale and 8.86 for purchase.


Egypt, India to increase bilateral trade exchange to $8 bln in 2017: MP

Member of Parliament Mohamed Salim said in a statement that there is an Egyptian- Indian desire to increase the volume of trade exchange between both countries to $8 billion by the year 2017.

Salim added that India looks to increase its investments in Egypt up to $10 billion.

The statement comes in coincidence with President Sisi’s visit to Indian, aiming to boost bilateral cooperation in different fields.



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