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Economy
- Service : English
- Category : Economy
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EGX gains EGP 6bn
Date: 2015-01-14 16:43:55 GMT - Egypt - Economy - SN:57 - ID:1743765
The Egyptian Exchange (EGX) gained 6 billion pounds at the end of Wednesday's trading on the back of purchases by local institutions and investment funds. The EGX 30 benchmark index leapfrogged by 2.53 percent to close at 9, 544.08 ....
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Finance minister says supporting SMEs key to Arab economic stability
Date: 2015-01-14 13:22:00 GMT - Egypt - Economy - SN:47 - ID:1742105
Finance Minister Hani Qadri said on Wednesday that the government is concerned with supporting small and medium-sized enterprises, believing this will help achieve Arab economic stability. For years the government has been working in vain on the ....
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SFD transfers $60mn to Palestinian Finance Ministry
Date: 2015-01-13 17:57:32 GMT - Egypt - Economy - SN:56 - ID:1736189
The Saudi Fund for Development (SFD) has transferred the equivalent of 60 million dollars to the account of the Palestinian Finance Ministry, the Saudi ambassador in Cairo said Tuesday. The three-month payment is meant to support the budget of ....
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Egypt bourse gains EGP 7.5bn, index up 2.19 pct
Date: 2015-01-13 17:38:25 GMT - Egypt - Economy - SN:51 - ID:1736069
The Egyptian Exchange (EGX) rebounded at the close of Tuesday's trading, backed by purchases of institutions and Arab and foreign investment funds. The market capital achieved gains worth about 7.5 billion pounds to reach 509 billion pounds, ....
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Investment min. meets Italian amb.
Date: 2015-01-13 17:24:56 GMT - Egypt - Economy - SN:47 - ID:1735977
Investment Minister Ashraf Salman met on Tuesday with Italian Ambassador in Cairo Mauricio Massari. They discussed ways of increasing Italian investments in Egypt. Massari noted that an Italian delegation, from 100 companies, will visit Egypt ....
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Egypt, Kenya to sign trade agreement Wednesday
Date: 2015-01-13 15:53:11 GMT - Kenya - Economy - SN:45 - ID:1735285
Egypt and Kenya will Wednesday sign a framework agreement to establish a joint trade committee, Trade and Industry Minister Mounir Fakhri Abdel Nour has said. The committee should convene every six months to assess the trade situation and remove ....
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Egypt bourse gains EGP 5bn, index up 2.24 pct
Date: 2015-01-12 14:42:36 GMT - Egypt - Economy - SN:64 - ID:1726557
The Egyptian Exchange (EGX) rebounded at the close of Monday's trading, backed by purchases of institutions and Arab and foreign investment funds. The market capital achieved gains worth about 5 billion pounds to reach 501.5 billion pounds, ....
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Kellogg Company acquires majority stake in Bisco Misr
Date: 2015-01-12 12:48:34 GMT - Egypt - Economy - SN:55 - ID:1725365
The US-based Kellogg Co., world's largest cereal maker, said that it has secured an 85.93% stake in Bisco Misr. Kellogg offered 89.86 pounds per share for a stake in the snack-maker. The public Mandatory Tender Offer process started three ....
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More than 4mn tourists visit Red Sea resorts in 2014
Date: 2015-01-12 10:25:39 GMT - Egypt - Economy - SN:24 - ID:1723593
Some 4.126 million tourists visited Red Sea resorts in 2014, a report by the information center at the city hall said Monday. In 2013, about 3.255 million tourists visited 255 Red Sea resorts and hotels in Hurghada, Safaga, Qussair and Marsa ....
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All bourse indexes down
Date: 2015-01-11 17:29:08 GMT - Egypt - Economy - SN:40 - ID:1719921
The Egyptian Exchange closed on Sunday with losses amounting to EGP 2.3 billion and its indexes were all down due to share sales by foreign and Arab investors. The capital market declined to EGP 496.3 billion after transactions hit EGP 215.8 ....
