The economic bulletin from the Al-Ahram Gate today, February 12 2020.
– The dollar loses “penny” and reaches 15.68 in government banks.
– Gold loses 21 pounds, and 21,000 pounds touches 685 pounds, and gold pound costs 5530 pounds.
– Declining performance of stock indexes during today’s trading.
Egypt’s production of edible oils is 2%.
– Pumping a billion dollars into new petroleum projects in Egypt for the coming period.
Swiss company in Cairo to start developing the textile sector.
the details..
On Wednesday, dollar prices witnessed a decrease in the amount of “piasters”, as it was recorded in Banque Misr, the National Bank of Egypt, and Baraka, 15.68 pounds for purchase, and 15.78 pounds for sale.
– Gold prices fell today, Wednesday, by one pound, affected by the decline in global stock exchanges at the level of $ 1566 an ounce, where 18 carat recorded about 587 pounds, and 21 caliber yesterday touched 685 pounds, and 24 carat reached 782.85 pounds, while the pound recorded gold about 5530 pounds.
– The Egyptian Stock Exchange indices closed the trading session today, Wednesday, on a declining performance, as the main index of the Egyptian Stock Exchange EGX 30 decreased by 1.20%, to close at 13841.55 points, where the index of medium and small companies EGX 70 “EWI” equal weights decreased by 0.93% , To end the session at 1257.56 points.
– A symposium for the Chamber of Food Industries, in which Zakaria Al-Shafi’i, head of the oils division in the chamber, revealed that Egypt imports 2 quarter of a million tons of food oils annually, while Egypt’s production does not exceed 2% of the local market’s needs, pointing out that the food industries sector exceeded its agricultural and industrial exports more Of the $ 5 billion annually and over 7 million workers are employed directly or indirectly.
Eng. Tariq Al Mulla, Minister of Petroleum and Mineral Resources, received today, Wednesday, President of Air Product, on the sidelines of the Egypt International Petroleum Exhibition and Exhibition 2020, where the company aims to invest about one billion dollars in petroleum projects during the coming period.
– Hisham Tawfiq, Minister of Public Business Sector, received today a delegation of the Swiss company “Ritter”, the world leader in the textile machinery industry, to start activating the agreement to develop and restructure the textile sector in the subsidiary companies. An amount of about 700 million pounds was allocated to raise the efficiency of workers, according to the ministry statement.
Economic bulletin on Wednesday 12-2 2020
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