Economy

  • Service : English General
  • Category : Economy
  • PM issues decree authorizing NOMP to establish pharmaceutical company

    Date: 2017-01-22 16:59:17 GMT - Egypt - Economy - SN:65 - ID:6383525

    CAIRO, Jan 22 (MENA) - Prime Minister Sherif Ismail has issued a decree authorizing the National Organization for Military Production (NOMP) to establish a pharmaceutical company. The decree was published in the official newspaper Sunday. (MENA) M ....

  • House speaker says economic situation "very critical"

    Date: 2017-01-22 16:05:57 GMT - Egypt - Economy - SN:60 - ID:6382749

    CAIRO, Jan 22 (MENA) - Speaker of the House of Representatives Dr Aly Abdel Aal has said that the economic situation in Egypt is "very critical", urging all to live up to their responsibilities. It is not fair that the government alone shoulders ....

  • Egypt, Jordan discuss boosting agricultural cooperation

    Date: 2017-01-22 15:54:26 GMT - Jordan - Economy - SN:57 - ID:6382381

    AMMAN, Jan 22 (MENA) - Jordanian Minister of Agriculture Khaled Hnaifat on Sunday received head of the Egyptian Agriculture Export Council Abdel Hamid Demerdash. The two sides discussed various aspects of agricultural cooperation and ways to boost ....

  • Finance Ministry auctions EGP 11bn T-bills

    Date: 2017-01-22 13:51:38 GMT - Egypt - Economy - SN:44 - ID:6381969

    CAIRO, Jan 22 (MENA) - The Finance Ministry auctioned on Sunday treasury bills at a total value of 11 billion pounds. In an online statement, the Ministry said it sold 91-day T-bills worth 5.75 billion pounds, with an average revenue of 18.956 ....

  • EGX shows mixed performance at close of Sunday‚Äôs trading

    Date: 2017-01-22 13:38:30 GMT - Egypt - Economy - SN:42 - ID:6381673

    CAIRO, Jan 22 (MENA) - The Egyptian Exchange (EGX) indices showed varied performance at the close of trading on Sunday amid selling operations by Egyptian investors and purchase operations by institutions and Arab and foreign investment funds. The ....

  • Grain stock surpasses million tons at Alex. port

    Date: 2017-01-22 13:04:22 GMT - Egypt - Economy - SN:39 - ID:6381385

    ALEXANDRIA, Jan 22 (MENA) - As many as 135 ships are docked in Alexandria port and the grains stocks hit 2.294 millions tons, including 464 tons of wheat, Spokesman for the port Reda el Ghandour said. Meanwhile, up to 11,000 trucks left and entered ....

  • Growth rate up by 3.4% in 1st quarter of 2016-2017, says minister

    Date: 2017-01-22 13:02:54 GMT - Egypt - Economy - SN:38 - ID:6381229

    CAIRO, Jan 22 (MENA) - The first quarter of the fiscal year 2016-2017 saw an improvement in growth, which reached 3.4 percent, according to Planning Minister Ashraf el Araby. Investments upped by one percent in the same period last year, Araby said ....

  • 493 passengers leave Safaga port

    Date: 2017-01-22 12:33:19 GMT - Egypt - Economy - SN:33 - ID:6380817

    SUEZ, Egypt, Jan 22 (MENA) - As many as 493 passengers, 172 trucks and 24 cars left Safaga port on Sunday, said Spokesman for the Red Sea Harbors Authority Malak Youssef. A ferryboat with 327 passengers, six trucks and 24 cars on board arrived at ....

  • 38 ships transit Suez Canal

    Date: 2017-01-22 12:22:20 GMT - Egypt - Economy - SN:30 - ID:6381105

    ISMAILIA, Egypt, Jan 22 (MENA) - Thirty-eight ships transited the Suez Canal on Sunday, with a total cargo of 2.4 million tons. The south-bound convoy included 18 vessels carrying 1.2 million tons, while the north-bound convoy included 20 ships ....

  • Dlrs 100-mn aluminum factory to be established in Ataqa: Qabil

    Date: 2017-01-22 11:02:52 GMT - Egypt - Economy - SN:20 - ID:6380081

    CAIRO, Jan 22 (MENA) - A Mega Chinese company is set to establish a factory in Egypt to manufacture aluminum composite panels to build facades at a cost of dollars 100 million, said Trade Minister Tarek Qabil. Located in Ataqa industrial zone, in ....

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