Mubasher Exclusive

Egypt imported 11 million tonnes of wheat in 2018

20 August 04:53 PM Egypt inspects Russian wheat shipments after explosion – Official

By: Mohamed Mowafy Cairo – Mubasher: The Egyptian Atomic Energy Authority (EAEA) will examine shipments of wheat and other food products coming from Russia, head of Egypt’s National Food Safety Authority (NFSA), Hussein Mansour, said. All …

Macroeconomics

Dana Gas is considering new discoveries at El Matareya Concession in Egypt later this year

28 July 02:26 PM Dana Gas eyes new discoveries in Egypt - IR Head

By: Mahmoud Gamal Abu Dhabi – Mubasher: Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), is considering new discoveries at El Matareya Concession in Egypt later this year, the company’s head of investor relations Mohammed Mubaideen …

Corporate Actions

Egypt will pay farmers between EGP 655 and EGP 685 per ardeb

24 June 04:38 PM Egypt pays EGP 14.5bn for local wheat since April

By: Mohamed Mowafy Cairo – Mubahser: Egypt’s government has paid about EGP 14.5 billion for the amount of wheat delivered by local farmers since the beginning of this harvest season, assistant to the country’s minister of supply Wael Abbas said. …

Commodities

Egypt has purchased 3.2 million tonnes of local wheat

10 June 06:17 PM Egypt’s strategic wheat reserves sufficient for 5M

By: Mohamed Mowafy Cairo – Mubasher: Egypt's strategic wheat reserves are enough to cover the country's needs for up to five months, assistant to the minister of supply said. The increase in strategic wheat reserves was attributed to the growth in …

Commodities

The supply ministry aims to buy 3.6 million tonnes of local wheat

10 June 01:48 PM Egypt pays EGP 14bn for local wheat since April – Minister

By: Mohamed Mowafy Cairo – Mubasher: Egypt’s government has paid about EGP 14 billion for the amount of wheat delivered by local farmers since the beginning of this harvest season, the country’s minister of supply and internal trade said. Egypt, …

9 June 01:33 PM Egypt receives 3.2m tonnes of local wheat since April

By: Mohamed Mowafy Cairo – Mubasher: Egypt’s government has purchased 3.2 million tonnes of wheat from local farmers since the beginning of this harvest season, assistant to the country’s minister of supply said. The world’s largest wheat importer …

‘Ai Everything Summit 2019’ kicked off in Dubai on 30 April

19 May 10:17 AM UAE leads GCC in adopting Fourth industrial revolution

Mubasher: The current industrial revolution will not include organisations that do not adapt by using new digital technologies, including the internet of things (IoT) and Artificial Intelligence (AI). Such entities are expected to fail to be ready …

Global Economy

Autonomous transport something that the UAE is already actively involved in

16 May 10:44 AM Genomic medicine amid UAE’s goals in Fourth Industrial Revolution – Colliers

Mubasher: The Fourth Industrial Revolution (4IR) is becoming an endorsing factor for economies all over the world and it is currently being seen in various sectors such as real estate, banking, entertainment, healthcare, and the new trend of …

International Agreements

The greenback recorded around EGP 17.24 for buying and EGP 17.35 for selling on Thursday

21 March 04:35 PM Will USD hover below EGP 17 at national banks? – Analysis

By: Eslam Fadl Cairo – Mubasher: The US dollar has been notably falling against the Egyptian pound since the Central Bank of Egypt’s (CBE) governor stated that the USD/EGP exchange rate would see further volatility. The USD exchange rate against …

Currencies

The USD rate fell by EGP 0.3 to EGP 17.35 for buying and EGP 17.45 for selling at Egypt’s two largest state-owned lenders

14 March 04:55 PM USD edges down against EGP Thursday

Cairo – Mubasher: The US dollar exchange rate on Thursday slipped by EGP 0.3 to EGP 0.6 against the Egyptian pound at national banks. The USD rate fell by EGP 0.3 to EGP 17.35 for buying and EGP 17.45 for selling at Egypt’s two largest state-owned …

Currencies

The USD rate settled at EGP 17.46 for buying and EGP 17.56 for selling at Egypt’s two largest state-owned lenders

26 February 04:12 PM USD stable against EGP Tuesday

Cairo – Mubasher: The US dollar exchange rate remained stable against the Egyptian pound at some Egyptian state-run banks on Tuesday. The USD rate settled at EGP 17.46 for buying and EGP 17.56 for selling at Egypt’s two largest state-owned …

Macroeconomics

24 February 04:13 PM USD slips against EGP at Egyptian national banks

Cairo – Mubasher: The US dollar exchange rate fell against the Egyptian pound at some national Egyptian banks on Sunday. The USD rate dropped to EGP 17.47 for buying and EGP 17.57 for selling at Egypt’s two largest state-run banks, namely the …

Currencies

The EGP has been also stable against the USD at both of Credit Agricole and ADIB

11 February 04:31 PM EGP mixed against USD Monday

By: Abdullah Bedeir Cairo – Mubasher: The Egyptian pound exchange rate slashed against the US dollar at some Egyptian banks on Monday, while it remained stable at state-run lenders. The USD rate remained stable at EGP 17.55 for buying and EGP …

Macroeconomics

5 February 02:37 PM EGP Jumps against USD Tuesday on IMF's 5th tranche disbursement

By: Eslam Fadl Cairo – Mubasher: The Egyptian pound rose against the US dollar at national banks on Tuesday by 2 piasters after Egypt received the fifth tranche worth $2 billion of the International Monetary Fund’s (IMF) $12 billion loan. By 1:00 …

Banking and Finance

The USD has recorded around EGP 17.6 for buying and EGP 17.7 for selling at Egypt’s two largest state-run lenders

3 February 12:24 PM EGP stable against USD early Sunday

By: Abdallah Bedeir Cairo – Mubasher: The Egyptian pound has remained stable against the US dollar at national banks early Sunday. The USD has recorded around EGP 17.6 for buying and EGP 17.7 for selling at Egypt’s two largest state-run …

Banking and Finance

EGP remained stable against USD at Egyptian banks early Tuesday

29 January 01:08 PM EGP stabilises against USD early Tuesday

By: Abdallah Bedeir Cairo – Mubasher: The Egyptian pound remained stable against the US dollar at the Egyptian banks early Tuesday after marking a two-day high since May 2018. National Bank of Egypt (NBE) offered the US dollar rate at EGP 17.58 …

Banking and Finance

The USD/EGP exchange rate has been falling since the beginning of the week

29 January 10:18 AM Why did the EGP jump against the USD? - Analysis

By: Eslam Fadl Cairo – Mubasher: The Egyptian pound has risen against the US dollar on the back of investors’ interest in local sovereign debt instruments, the Egyptian Exchange (EGX), the increase in remittances from expatriate Egyptians, added …

28 January 03:21 PM EGP mixed against FX currencies Monday

Cairo – Mubasher: The Egyptian pound showed a mixed performance on Monday against foreign currencies at national and private banks. Bank of Alexandria offered the highest US dollar rate at EGP 17.76 for buying and EGP 17.86 for selling, whereas …

Currencies

13 January 05:06 PM Why GCC equity markets expected to see refresh bounce?

The GCC stock markets are anticipating more positive performance over this week

Global Indices

3 January 07:55 PM 8 Arabs named among world’s richest people

8 Arabs were named among world’s richest people

Global Indices

26 December 2018 04:32 PM Indians lead Dubai’s top 10 visiting nationalities in 9M

Russian, German, and Chinese tourists visiting Dubai have increased in the first nine months of 2018

Global Markets brief

25 December 2018 03:03 PM Egyptians’ remittances rise despite new Saudi fees on expats

Cairo – Mubasher: Egyptians’ remittances, especially from the GCC, have increased recently despite the policies applied to decrease foreign employment and promote nationalisaiton.

Global Reports

20 December 2018 08:18 PM Indians top Dubai’s visitors, UK residents come 2nd

As Christmas approaches, millions of tourists from across the globe visit Dubai to indulge in its enchanting attractions

Global Reports

18 December 2018 09:24 PM Why has the Egyptian Pound stabilised in 2018?

By: Heba El-Kordy Cairo - Mubasher: The Egyptian pound was stable against the US Dollar during 2018, despite a crisis that struck emerging markets around the world. The majority of market analysts expect the Egyptian currency to slightly decline …

Macroeconomics