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Economy
- Service : English
- Category : Economy
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Varied performance at EGX at start of week
Date: 2015-02-08 14:15:36 GMT - Egypt - Economy - SN:51 - ID:1920757
The Egyptian Exchange (EGX) witnessed varied performance at the close of Sunday's trading amid purchases by Egyptian investors against sale operations by foreign and Arab investors. The market capital lost about 3.1 billion pounds to hit 536.7 ....
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EGX named as model of promotion of sustainability, communication with stakeholders
Date: 2015-02-08 13:25:08 GMT - Egypt - Economy - SN:40 - ID:1920205
The UN Sustainable Stock Exchanges Initiative (UN SSE) has chosen the Egyptian Exchange (EGX) as a reference model of promotion of sustainability and dialogue with market stakeholders. The panel appreciated EGX's efforts in the sustainability ....
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41 ships transit Suez Canal
Date: 2015-02-08 10:26:16 GMT - Egypt - Economy - SN:19 - ID:1918409
Forty-one ships crossed the Suez Canal on Sunday, carrying a total cargo of 2.847 million tons. The south-bound convoy included 20 ships carrying 1.547 million tons, while the north-bound convoy included 21 vessels carrying 1.300 million tons. ....
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Value of US dollar remains unchanged against Egyptian pound
Date: 2015-02-04 16:10:08 GMT - Egypt - Economy - SN:53 - ID:1896093
The exchange rate of the US dollar remained unchanged Wednesday against the Egyptian pound traded on the official market. The value of the Egyptian pound has been depreciating against the dollar over the past two weeks. The buying price of the ....
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EGX gains EGP 2.4bn
Date: 2015-02-04 16:06:22 GMT - Egypt - Economy - SN:52 - ID:1896057
The Egyptian Exchange (EGX) gained 2.4 billion pounds at the end of Wednesday's trading on the back of purchases by Egyptian investment funds and Arab individuals. The EGX 30 benchmark index leapfrogged by 0.92 percent to close at 10,046.93 ....
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Cabinet okays World Bank loan
Date: 2015-02-04 12:48:58 GMT - Egypt - Economy - SN:45 - ID:1894137
The Cabinet decided on Wednesday to start procedures to obtain a USD 400-million loan from the World Bank. The loan is to finance the cash support program and systems of social safety nets that target 500,000 impoverished families in six ....
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Suez Canal fixes vessels transit fees
Date: 2015-02-04 12:45:49 GMT - Egypt - Economy - SN:44 - ID:1894121
Transit fees for vessels passing through the Suez Canal will remain unchanged during 2015, said Head of the Suez Canal Authority Mohab Mamish on Wednesday. He added that the discount granted to liquefied natural gas carriers would be 25 percent ....
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Egypt buys 300,000 tons of French, Romanian wheat
Date: 2015-02-03 16:44:07 GMT - Egypt - Economy - SN:61 - ID:1888037
The General Authority for Supply Commodities signed Tuesday a contract to buy 300 thousand tons of French and Romanian wheat at $ 236.25 per ton. The governmental body signed the contract on behalf of the Ministry of Supply and Home Trade. The ....
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EGX indexes up at end of trading
Date: 2015-02-03 14:26:06 GMT - Egypt - Economy - SN:40 - ID:1886697
The Egyptian Exchange (EGX) indexes went up at the end of Tuesday's trading on the back of purchases by Arab and foreign individuals. The EGX 30 benchmark index leapfrogged by 1.26 percent to close at 9,954.34 points. The broader EGX 70 index ....
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EGP 415 bln needed to achieve 3.8 pct development rate
Date: 2015-02-02 13:29:58 GMT - Kuwait - Economy - SN:43 - ID:1878997
Minister of Investment Ashraf Salman has said Egypt needs 415 billion pounds in local and foreign investments to achieve a development rate of 3.8 pct in the current financial year. The government has only 58 billion pounds of the needed sum for ....
