UPDATE: Egypt’s business digest Sept. 24: Cairo hosts SAHARA int’l agricultural exhibit
SAHARA International Agricultural Exhibition for Africa and the Middle East. Youm7


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

International Agricultural Exhibition for Africa and the Middle East kicks off in Cairo

Agriculture Minister Essam Fayed inaugurated on Saturday the 29th edition of SAHARA International Agricultural Exhibition for Africa and the Middle East, which will take place in Cairo Sep. 24-27, Youm7 reported.

The exhibit is a meeting place for agriculture professionals and aiming to develop farmers’ advanced cultivation awareness, said Fayed during his tour inspecting the pavilions of African countries participating in the event.


Trade, Industry minister inaugurates technical jobs forum

Trade and Industry Minister Tarek Qabel on Saturday inaugurated the 5th technical jobs forum, which aims to provide 6,000 job opportunities for Egyptian youth, Youm7 reported.

This year’s edition is being held in participation of 35 domestic and international companies and firms in various fields.

Thousands of Youth flocked to the Social Fund headquarters in Cairo to fill in job applications.


EU wheat drifts lower despite India, Egypt demand hopes

(Reuters) – European wheat futures edged lower on Friday, pressured by earlier weakness in Chicago as hefty global supplies continued to hang over the market despite hopes of renewed import demand from India and Egypt.

Benchmark December milling wheat on Euronext settled down 0.75 euro, or 0.5 percent, at 161.25 euros a tonne. The contract was up more than 1 percent for the week after hitting a two-week high of 162.50 euros on Tuesday.

CME Group’s December EU wheat contract settled down 0.50 euro, or 0.3 percent, at 162.75 euros a tonne, as it maintained its premium over the rival Euronext contract.

Volumes remained light in European futures as the market lacked clear direction and physical activity was also muted.

“Volatility is low and wheat prices seem to have found their range,” Alexandre Boy of consultancy Agritel said.

Main EGX index declines by 0.82% last week 

The main Stock exchange index EGX30 has seen a decline by 0.82 percent during last week’s transactions, Youm7 reported.


6K job opportunities offered at ministry’s employment hub

Ministry of industry opened Saturday an employment forum to provide 6,000 job opportunities.

Thousands of youth have flocked into the forum to fill the registration documents.


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 8.85 for purchase. Euro exchange rate reached 9.95 EGP for purchase and 9.98 EGP for sale.


Petroleum Min. signs 3 deals for natural gas, oil excavation

Ministry of Petroleum has signed three agreements with Italian Company Eny and British Petroleum for natural gas and oil excavation in Nile Delta.

The three deals stipulate investments of $595 million at the excavation sites.

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