Trends - Egypt - Business Recorder

Egypt

Egypt raises domestic fuel prices in quarterly pricing review

The prices of 80-octane, 92-octane and 95-octane petrol were raised to 6.75 Egyptian pounds ($0.43) per litre

Published 23 Jul, 2021 12:05pm

World

Egypt frees activists amid criticism of rights record

CAIRO: Egypt on Sunday freed six activists including journalist Esraa Abdel-Fattah, a symbol of the 2011 revolution,...

Published 19 Jul, 2021 06:17am

World

Nile dam deal between Egypt, Ethiopia and Sudan is possible, UN says

The Grand Ethiopian Renaissance Dam (GERD) has drawn the ire of Egypt and Sudan since construction began in 2011, with both fearing for their water resources

Published 09 Jul, 2021 03:20pm

World

Egypt to release megaship impounded over Suez blockage

The nearly 200,000-tonne container vessel became wedged across the canal during a sandstorm on March 23

Updated 07 Jul, 2021 01:25pm

World

Megatanker that blocked Suez Canal to be released

CAIRO: The megatanker retained by Egypt since it blocked the Suez Canal in March will be released Wednesday, after...

Published 05 Jul, 2021 04:57am

World

Egypt opens strategic Mediterranean naval base

MARSA MATROUH, (Egypt): Egyptian President Abdel Fattah al-Sisi on Saturday opened a strategic naval base on the...

Published 04 Jul, 2021 03:41am

World

Egypt upholds death penalty for 12 Brotherhood members: judicial sources

Egypt's Muslim Brotherhood held power briefly for a year before their military ouster in 2013.

Published 14 Jun, 2021 06:10pm

World

Israel, Egypt hold talks toward Gaza ‘permanent ceasefire’

CAIRO: Israeli and Egyptian officials held talks in both countries Sunday aimed at bolstering the Cairo-brokered...

Published 31 May, 2021 03:12am

Markets

Egypt lifts price of subsidised vegetable oils

Egypt's strategic supplies of vegetable oils were sufficient to last five months, the ministry said in a statement.

Published 30 May, 2021 01:59pm

Pakistan

Pakistan-Egypt first joint air defence exercise begins

Joint exercise is aimed at bolstering military cooperation between two countries
Troops of Pakistan and Egyptian Air Defence tentacles will participate in the first-ever joint air defence exercise

Published 29 May, 2021 10:37am

World

Blinken visits Cairo as US seeks to secure Gaza ceasefire

Blinken arrived in Egypt after stops in Jerusalem and Ramallah and he is also due to visit Jordan.

Published 26 May, 2021 01:58pm

World

Egypt slashes compensation claim to $550m over Suez canal blockage

CAIRO: Egypt has slashed millions of dollars off its compensation claim against the Japanese owner of a megaship ...

Published 25 May, 2021 04:40am

World

Biden sees 'genuine opportunity' after Gaza ceasefire

"I believe we have a genuine opportunity to make progress and I'm committed to working toward it ".

Published 21 May, 2021 11:11am

World

All sides must make 'welcome' Gaza ceasefire durable: UK's Raab

Israel and Hamas, announced the ceasefire earlier Thursday aimed to close 11 days of deadly fighting that pounded the Palestinian enclave and forced countless Israelis to seek shelter from rockets.

Published 21 May, 2021 10:59am

Pakistan

Ashrafi lauded Saudi, Egypt efforts for peace in Palestine

He said that the efforts of Egypt for ceasefire and the sentiments of the Egyptian government and people for the Palestinians were commendable.

Published 19 May, 2021 06:15pm

World

France files Israel-Gaza ceasefire resolution at UN: presidency

The three countries agreed on the resolution during a video-conference with Egyptian counterpart Abdel Fattah al-Sisi and Jordan's King Abdullah II, said the statement.

Published 19 May, 2021 10:25am

World

Egypt pledges $500mn to rebuild Gaza, sends medical aid

Cairo has sought to mediate a ceasefire between Gaza's Islamist rulers Hamas and Israel since the deadly violence erupted on May 10.

Published 18 May, 2021 06:38pm

World

Twenty killed as Israel strikes Gaza after Hamas rocket barrage

Israel seized east Jerusalem in 1967 and later annexed it, in a move not recognised by most of the international community.

Published 11 May, 2021 10:41am

Business & Finance

Egyptian electrical giant acquires Pakistani transformers manufacturer

The multi-billion dollar company said that it plans to introduce its power inverters technology to boost the growth of the Pakistani company, in order to reach a production capacity of 5,500 MW.

Published 10 May, 2021 01:35pm

World

Egypt sacks rail authority chief after string of deadly accidents

Kamel el-Wazir's shuffle of 10 top officials in Egypt's embattled railways authority, including its head Ashraf Raslan.

Published 20 Apr, 2021 04:20pm

Pakistan

FO expresses sympathies on tragic train accident in Egypt which killed at least 11 people

Eleven people were killed and 98 injured on Sunday in a train accident in Egypt's Qalioubia province north of Cairo.
"Our thoughts and prayers are with the government, the brotherly people of Egypt and the families of those who have lost their lives," FO said.

Published 19 Apr, 2021 11:43am

World

Berbers mark 20 years since Algeria's 'Black Spring' protests

Instead, the boy's death sparked the "Black Spring" riots, as people took to the streets of villages and towns to demand the closure of all gendarmerie posts in the region.

Published 18 Apr, 2021 11:46am

World

Investigation begins into how ship got stuck on Suez Canal

The investigation will include examining the seaworthiness of the ship and its captain’s actions to help determine the causes, Rabie advisor Captain Sayed Sheasha said.

Published 31 Mar, 2021 02:11pm

World

Israel reopens Egypt crossing for first time since pandemic

To cross, individuals must be inoculated or have recovered from Covid-19. A negative laboratory test is also required in both directions.

Published 30 Mar, 2021 05:37pm

Pakistan

50 officials from Egypt, Jordan, Bahrain observe air force drill in Pakistan

The ACES Meet is an aerial exercise to maximise combat readiness of participating air forces through air-to-air combat training.
The exercise kicked off on Monday at a launch ceremony at the Operational Air Base of the PAF.

Published 30 Mar, 2021 02:13pm

World

Mega-ship in Suez Canal moved '80%' in right direction

The MV Ever Given, longer than four football fields, became wedged diagonally across the canal during a sandstorm last Tuesday, strangling world supply chains.
Egypt is losing some $12-14 million in revenue from the canal for each day it is closed, Suez Canal Authority (SCA) chief Osama Rabie said.

Updated 29 Mar, 2021 02:47pm

World

Suspension of Suez Canal traffic deepens global container crunch

In the latest challenge, more than 30 container ships are unable to sail after the 400-metre (430-yard) Ever Given boxship ran aground in the Suez Canal, blocking transit, the sources said.

Published 26 Mar, 2021 02:28pm

Pakistan

Pakistan, Egypt agree to work for cooperation in multiple areas, multilateral organizations

The bilateral ties were discussed in the 9th round of Pakistan-Egypt ABC held at the Egyptian Ministry of Foreign Affairs in Cairo on Wednesday (March 24).

Published 25 Mar, 2021 09:38pm

World

Ship in blocked convoy in Egypt's Suez Canal on move: report

Port agent GAC said the stranded ship, Ever Given, had been partially refloated and moved alongside the canal bank.
Dozens of vessels were stuck, waiting for rescue boats to free the 400m-long (1,312ft) ship, which was knocked off course by strong winds.

Published 24 Mar, 2021 06:31pm

World

France, Germany, Egypt, Jordan hail unity govt in Libya

Oil-rich Libya descended into conflict after dictator Moamer Kadhafi was toppled and killed in a NATO-backed uprising in 2011.

Published 11 Mar, 2021 06:55pm

Gainers
Losers
Leaders

Stock	Price
Security Bank / Jul 29 Security Investment Bank Limited(SIBL)	7.35 ▲ 0.91 (14.13%)
S.G. Power Ltd. / Jul 29 S.G. Power Limited(SGPL)	4.96 ▲ 0.54 (12.22%)
Dewan Farooque Motors / Jul 29 Dewan Farooque Motors Limited(DFML)	11.68 ▲ 1.00 (9.36%)
Ghazi Fab. / Jul 29 Ghazi Fabrics International Limited(GFIL)	13.60 ▲ 1.00 (7.94%)
Arpak Int. / Jul 29 Arpak International Investments Ltd.(ARPAK)	87.09 ▲ 6.07 (7.49%)
Sardar Chemical / Jul 29 Sardar Chemical Industries Limited(SARC)	38.19 ▲ 2.66 (7.49%)
Maqbool Tex. / Jul 29 Maqbool Textile Mills Limited(MQTM)	35.78 ▲ 2.49 (7.48%)
Shahtaj Sug. / Jul 29 Shahtaj Sugar Mills Limited(SHJS)	57.03 ▲ 3.97 (7.48%)
Sapphire Fib. / Jul 29 Sapphire Fibres Limited(SFL)	924.00 ▲ 64.00 (7.44%)
Leiner Gelatine / Jul 29 Leiner Pak Gelatine Limited(LPGL)	26.61 ▲ 1.84 (7.43%)

Stock	Price
SME Leasing Ltd. / Jul 29 SME Leasing Limited(SLL)	2.97 ▲ -0.97 (-24.62%)
Image Pakistan / Jul 29 Image Pakistan Limited(IMAGE)	27.91 ▲ -6.29 (-18.39%)
Saudi Pak Leas. / Jul 29 Saudi Pak Leasing Company Limited(SPLC)	2.35 ▲ -0.24 (-9.27%)
Gatron Ind. / Jul 29 Gatron (Industries) Limited(GATI)	520.78 ▲ -42.22 (-7.50%)
Dawood Equities / Jul 29 Dawood Equities Limited(DEL)	19.68 ▲ -1.59 (-7.48%)
ECOPACK / Jul 29 Ecopack Limited(ECOP)	35.13 ▲ -2.83 (-7.46%)
TPL Ins. / Jul 29 TPL Insurance Limited(TPLI)	37.35 ▲ -2.99 (-7.41%)
Khairpur / Jul 29 Khairpur Sugar Mills Limited(KPUS)	65.71 ▲ -5.19 (-7.32%)
K.S.B. Pumps / Jul 29 KSB Pumps Company Limited(KSBP)	225.00 ▲ -16.99 (-7.02%)
Jubilee Sp. / Jul 29 Jubille Spinning & Weaving Mills Limited(JUBS)	7.21 ▲ -0.54 (-6.97%)

Stock	Volume
Byco Petroleum / Jul 29 Byco Petroleum Pakistan Limited(BYCO)	37,433,500 ▼ 0.00
Worldcall / Jul 29 Worldcall Telecom Limited(WTL)	35,153,000 ▼ 0.00
Unity Foods / Jul 29 Unity Foods Limited(UNITY)	11,826,661 ▼ 0.00
Aisha Steel / Jul 29 Aisha Steel Mills Limited(ASL)	7,067,500 ▼ 0.00
Hum Network / Jul 29 Hum Network Limited(HUMNL)	6,562,000 ▼ 0.00
TPL Corp / Jul 29 TPL Corp Limited(TPL)	5,871,500 ▼ 0.00
TRG Pakistan / Jul 29 TRG Pakistan Limited(TRG)	5,856,156 ▼ 0.00
Telecard Ltd. / Jul 29 Telecard Limited(TELE)	5,464,500 ▼ 0.00
Silkbank / Jul 29 Silkbank Limited(SILK)	5,222,500 ▼ 0.00
Hascol Petroleum / Jul 29 Hascol Petroleum Limited(HASCOL)	5,148,929 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	162.00
USD PKR Interbank Buying / Jul 29	161.90
USD to Japanese Yen / Jul 29	109.85
USD to Swiss Franc / Jul 29	0.91
Pound Sterling to USD / Jul 29	1.39
Euro to USD / Jul 29	1.18
UK LIBOR % / Jul 29	0.08

Stock	Volume
S&P 500 / Jul 29	4400.64
India Sensex / Jul 29	52443.71
Tokyo Nikkei / Jul 29	27725.72
Nasdaq / Jul 29	14762.59
Hang Seng / Jul 29	25473.88
FTSE 100 / Jul 29	7016.63
Dow Jones / Jul 29	34930.93
Germany DAX 30 / Jul 29	15570.36
France CAC40 / Jul 29	6609.31

Item	Value
Crude Oil / Jul 29	72.32
Karachi Cotton Assoc. / Jul 29	13080.00
Gold 10 Grams / Jul 29	94050.00
Gold Spot / Jul 29	1810.11
Cotton / Jul 29	90.52

Egypt

Egypt raises domestic fuel prices in quarterly pricing review

Egypt frees activists amid criticism of rights record

Nile dam deal between Egypt, Ethiopia and Sudan is possible, UN says

Egypt to release megaship impounded over Suez blockage

Megatanker that blocked Suez Canal to be released

Egypt opens strategic Mediterranean naval base

Egypt upholds death penalty for 12 Brotherhood members: judicial sources

Israel, Egypt hold talks toward Gaza ‘permanent ceasefire’

Egypt lifts price of subsidised vegetable oils

Pakistan-Egypt first joint air defence exercise begins

Blinken visits Cairo as US seeks to secure Gaza ceasefire

Egypt slashes compensation claim to $550m over Suez canal blockage

Biden sees 'genuine opportunity' after Gaza ceasefire

All sides must make 'welcome' Gaza ceasefire durable: UK's Raab

Ashrafi lauded Saudi, Egypt efforts for peace in Palestine

France files Israel-Gaza ceasefire resolution at UN: presidency

Egypt pledges $500mn to rebuild Gaza, sends medical aid

Twenty killed as Israel strikes Gaza after Hamas rocket barrage

Egyptian electrical giant acquires Pakistani transformers manufacturer

Egypt sacks rail authority chief after string of deadly accidents

FO expresses sympathies on tragic train accident in Egypt which killed at least 11 people

Berbers mark 20 years since Algeria's 'Black Spring' protests

Investigation begins into how ship got stuck on Suez Canal

Israel reopens Egypt crossing for first time since pandemic

50 officials from Egypt, Jordan, Bahrain observe air force drill in Pakistan

Mega-ship in Suez Canal moved '80%' in right direction

Suspension of Suez Canal traffic deepens global container crunch

Pakistan, Egypt agree to work for cooperation in multiple areas, multilateral organizations

Ship in blocked convoy in Egypt's Suez Canal on move: report

France, Germany, Egypt, Jordan hail unity govt in Libya

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