CAIRO: No more browse from site to another, here is Egypt’s business news digest for September 11:
Minister, EIB discuss 500 mln Euro loan to purchase 13 metro trains
Minister of International Cooperation Sahar Nasr held discussions with official from the European Investment Bank (EIB) over a 500 million Euro loan to purchase 13 new metro trains, Youm7 reported.
60% increase in prices of imported clothes: official
An increase has been spotted in prices of garments, where imported clothes witnessed increase of more than 60%, while the increase reached 35 percent for the local ones, said Yasser el-Sheikh, member of garments division at Cairo Chamber of Commerce.
Misr Petroleum Co. pumps 15.2 m liters of diesel during Eid al-Adha
Misr Petroleum Company increased the amount of petrol pumped into gas stations by 30 percent, Youm7 reported.
The company also said it will pump 15.2 million liters of diesel during the Eid el-Adha (Feast of Sacrifice.)
USD exchange rate ‘stable,’ reaches 8.88 EGP
The USD exchange rate has been stable against the Egyptian Pound, where it reached Sunday 8.88 EGP for sale and 8.85 for purchase.