Egypt’s business digest Oct. 28: Petroleum Min. attends signing of natural gas pricing protocol with Jordan
A man looks as the world's biggest Liquefied Natural Gas (LNG) tanker DUHAIL as she crosses through the Suez Canal - REUTERS

CAIRO: No more browsing from site to site, view the top business news stories on Oct. 28 here:



Petroleum Min. attends signing of natural gas pricing protocol with Jordan

A protocol of pricing natural gas was signed between the Jordanian Ministry of Energy and the Egyptian-Jordanian Company Fajr, specialized in transporting and importing natural gas, read a Friday statement by the Egyptian Ministry of Petroleum.

The Minister of Petroleum Tareq el-Mulla has attended the signing of the protocol, urging to activate all protocols signed with other Arab countries, especially in the field of natural gas and petroleum.


1.6 bln EGP worth vehicles released from Alexandria Customs department

The total value of the trucks, private cars and spare parts released by Customs department in Alexandria in September reaches around 1.6 billion EGP, Youm7 reported.

Last month, the General Administration of Customs in Alexandria released 8,283 private cars, 1,026 trucks and microbuses and 839 spare parts.


USD exchange rate reaches 8.88 EGP

The USD exchange rate has been stable against the Egyptian Pound, where it reached Friday 8.88 EGP for sale and 8.85 for purchase. Euro exchange rate reached 9.67 EGP for purchase and 9.69 EGP for sale.


Telecommunication Min. talks sector’s growth Nov. 7

Minister of Telecommunications and Information Technology Yasser el-Qady is set to attend a meetig at the Canadian-Egyptian Business Council Nov. 7, Youm7 reported.

The minister will talked about the sector’s growth rates and its plans for development.


Orange Egypt for Telecommunications posts Q3 consol net loss – REUTERS

* Oct 27 Orange Egypt For Telecommunications Sae

* Q3 consol net loss EGP 99.5 million versus net profit EGP 70.5 million year ago

* Q3 consol operating revenue EGP 3.04 billion versus EGP 2.87 billion year ago

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