News
Egypt: Poultry and egg prices rise despite the decline in feed prices
On Friday, November 17, 2023, the Egyptian markets recorded a new increase in the prices of poultry and eggs, despite the recent decline in feed prices.
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CIB obtained a $150 million loan from the European Bank for Reconstruction and Development.
The European Bank for Reconstruction and Development announced that it has granted the Commercial International Bank - Egypt a loan worth $150 million.
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The Cabinet approved procedures for issuing new Japanese “Samurai” bonds.
The Cabinet approved the measures taken to issue the new batch of Japanese samurai bonds.
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The Egyptian Stock Exchange witnessed strong gains, amid optimism that the foreign exchange crisis will soon be resolved.
The Egyptian Stock Exchange recorded strong gains at the close of trading on Thursday. This increase is due to the strong demand witnessed by Arab institutions and investment funds. This rise comes in light of optimism about resolving the foreign exchange crisis, in light of the efforts made by the government and the Central Bank, especially in accelerating the government proposals programme.
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Unprecedented Speeds: China Unveils Fastest Internet Network in the World
Huawei Technologies Co., Ltd. and China Mobile Co., Ltd. have created an Internet network extending over a length of 3,000 kilometers, linking Beijing to the southern regions, using the latest technologies available to them, providing unprecedented connection speed.
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Saudi Arabia: “18” thousand decisions were issued against “violators”
Committees of the General Directorate of Administrative Passports in various regions of the Kingdom issued 18,000 administrative decisions during the month of Rabi’ al-Thani 1445 AH, against citizens and residents who violate the residency, work, and border security regulations.
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Increase in Daily Transaction Limits for Payment Cards and Mobile Phone Services by the Central Bank of Egypt
The Central Bank of Egypt increased the daily and monthly limits for financial transactions through bank accounts that support financial inclusion, in addition to prepaid payment cards and mobile payment services.
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Head of the Poultry Division in Egypt: Increased production costs during the winter.
Dr. Abdel Aziz Al-Sayed, Head of the Poultry Division, reported that poultry prices fell by 6 pounds, after the decline in feed prices. Chicken prices have now reached an average of 61 to 62 pounds.
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Dow Jones Closes Higher Amid Anticipation of US Inflation Data
The US stock trading session ended on Monday with mixed indicators, as investors evaluated Moody's latest decisions, in addition to their anticipation of a package of important economic data this week.
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