Egypt’s business digest Sept. 1: Egypt, Canada discuss monorail financing; EGX closes at collective decline Thursday
Proposed design of the first Monorail in Egypt

CAIRO: No more browsing from site to site, view the top business news stories on Sept. 1 here:

 

PM, Engie Global LNG discuss renewable energy cooperation

Prime Minister Sherif Ismail discussed Thursday with Philip Oliver, the CEO of Engie Global LNG Company cooperation in the field of renewable energy.

Cabinet spokesperson Hossam Qawish said that the state is eager to attract more foreign investment into the energy sector, which would help in achieving more discoveries and exchange expertise.

 

Egypt, Canada discuss monorail financing

Minister of International Cooperation Sahar Nasr discussed Thursday with the Canadian Ambassador to Cairo Troy Lulashnyk, Executive Chairman of the Board Bombardier Inc. Pierre Beaudoin the financing the to-be-established monorail in 6 of October city, Giza.

 

EGX closes at collective decline Thursday

The Egyptian Stock Exchange has closed its transaction session Thursday at a collective decline to indexes, due to Egyptians and Arabs sales, while foreign traders were mostly purchasing.

However, the EGX20 increased by 0.04 percent.

 

USD exchange rate ‘stable,’ reaches 8.88 EGP

The USD exchange rate has been stable against the Egyptian Pound, where it reached Saturday 8.88 EGP for sale and 8.83 for purchase.

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