September

Remittances of Egyptians abroad hit $3bn in 2 months

Cairo - MENA

The Central Bank of Egypt (CBE) said on Sunday that remittances of Egyptians abroad increased by 33.2 percent in November to hit $1.7 billion compared to $1.3 billion in October. In a statement, the CBE pointed out that Egyptian expats transferred a total of 937.3 million dollars in SeptemberRead more

US Stocks Rise on Robust Corporate Earnings

New York - QNA

US stocks closed higher Tuesday on better-than-expected corporate results which lifted the S&P 500 to its biggest advance since September. The Dow Jones Industrial Average rose 75.54 points, or 0.4%, to 18161.94. The S&P 500 gained 13.10, or 0.6%, to 2139.60. The Nasdaq Composite rose 44.01, or 0.8%, 5243.84. Read more

Russian Oil Output Rises to 11.11 Million Barrels Per Day in September

Moscow - QNA

Russian oil output jumped by almost 4% in September from the previous month to 11.11 million barrels per day (mbp), a new record-high, as companies ramped up drilling amid improved oil prices, the Russian Energy Ministry data showed on Sunday. In tones, Russian oil output reached 45.483 million versus 45.309 million in August. Last month, oil output in millionRead more

Finance Ministry to auction EGP 97.7bn T-bills in September

Cairo - MENA

The Finance Ministry will auction treasury bills and bonds at a total value of EGP 97.75 billion during September. In a statement Thursday, the ministry said that 91-day T-bills worth EGP 23.5 billion will be auctioned in September. Also, 182-day and 273-day T-bills worth EGP 22 billion each and 364-day T-bills worth EGP 24 billion will be auctioned in September,Read more

Abe, Putin To Meet in Russia

Tokyo - Arab Today

Japanese Prime Minister Shinzo Abe will hold a meeting with Russian President Vladimir Putin in Vladivostok in early September, Japan's Kyodo News agency reported Friday. The two leaders will hold talks on September 2 on the sidelines of the Eastern Economic Forum, Kyodo reported. Putin and Abe are likely to discuss a possible meeting in Japan, a plan theRead more

Cairo to receive Mexican commercial mission end of September

Cairo - Arab Today

Trade and Industry Minister Tarek Qabil said that Cairo will receive a Mexican commercial mission end of September. The mission will group representatives of great firms which are members in the Arab Mexican Chamber of Industry and Commerce (CAMIC) and interested in the Egyptian market. A forum will be organized in cooperation with Egyptian Businessmen Association to probe investment opportunitiesRead more