Egypt’s business digest Nov. 25: USD exchange rate reaches 17.81 EGP; USD exchange rate reaches 17.81 EGP
A man walks past an exchange bureau advertisement showing images of the U.S dollar in Cairo, Egypt, February 21, 2016. REUTERS

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USD exchange rate reaches 17.81 EGP

The exchange rate of the U.S. dollar has increased reaching 17.36 EGP for purchase and 17.81 for sale, according to Central Bank of Egypt’s statement at the end of Thursday’s transactions.


Main EGX index rises by 1.17% at end of last week’s transactions

The main stock exchange index (EGX30) has recorded an increase by 1.17 percent at the end of last week’s sessions, Youm7 reported Thursday.

Other indexes have witnessed increase as well including: EGX70 by 4.55 percent; EGX100 rose by 4.29 percent and EGX20 increased by 2.79 percent.


Natural gas transmission debut in Beheira housing units: Ministry

Ministry of Petroleum announced that it has for the first time transmitted natural gas to housing units in Rasheed City in Beheira governorate, read a statement.

The ministry’s statement added that the plan aims to transmit natural gas to 15,000 clients over two phases; 10,000 residents during the fiscal year 2016/2017 and 5,000 others during the next FY.

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