Economy

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  • Egypt's bourse wins 3.5 billion pounds

    Egypt's bourse wins 3.5 billion pounds

    Date: 2015-06-28 12:33:47 GMT - Egypt - Economy - SN:29 - ID:2880857

    The Egyptian Exchange started this week trading with gains amounting to EGP 3.5 billion and its indexes were all up. The capital market climbed to EGP 489.6 billion. The benchmark index EGX 30 rose by 1.26 percent to 8511,98 points. The ....

  • Trade ministry keen on taking necessary measures to establish indusrial city for furniture industry - minister

    Trade ministry keen on taking necessary measures to establish indusrial city for furniture industry - minister

    Date: 2015-06-27 11:00:22 GMT - Egypt - Economy - SN:16 - ID:2873521

    The Trade and Industry Ministry is keen on taking all the necessary measures to establish a new industrial city for furniture industry in Damietta governorate, said Minister Mounir Fakhry Abdel Nour. Efforts are underway to coordinate with all ....

  • Egypt bourse loses EGP 4bn in week

    Egypt bourse loses EGP 4bn in week

    Date: 2015-06-26 10:28:17 GMT - Egypt - Economy - SN:6 - ID:2867269

    The Egyptian Exchange closed this week with losses amounting to EGP 4 billion and its indexes were all down. The capital market declined to EGP 486.1 billion, 0.8 percent less than the week before. During the course of the week, the benchmark ....

  • Finance ministry proposes reducing tax on income of investment projects

    Finance ministry proposes reducing tax on income of investment projects

    Date: 2015-06-25 17:40:02 GMT - Egypt - Economy - SN:12 - ID:2864701

    The Finance Ministry sent a proposal to the legislative reform panel to reduce the income tax rate on the investment projects to reach 22.5% instead of 25%. The Finance Ministry's proposal aims to prevent double taxation, sources with the ....

  • Investment min. welcomes ideas to develop GAFI

    Investment min. welcomes ideas to develop GAFI

    Date: 2015-06-22 18:12:35 GMT - Egypt - Economy - SN:22 - ID:2845805

    Investment Minister Ashraf Salman said he welcomes all ideas that contribute to developing the work system at the General Authority for Investment and Free Zones. During a meeting with GAFI employees on Monday, Salman underlined the importance of ....

  • Minister: Project to turn used cooking oil to diesel to be applied in all governorates

    Minister: Project to turn used cooking oil to diesel to be applied in all governorates

    Date: 2015-06-22 10:26:20 GMT - Egypt - Economy - SN:6 - ID:2842049

    Minister of Supply and Internal Trade Khaled Hanafi inked a cooperation protocol with the Ministry of Petroleum and Alexandria Company for Petroleum Additives (ACPA) to apply a project that transforms used cooking oil into diesel in all the ....

  • Agriculture min. to inaugurate outlet for food products in New Valley

    Agriculture min. to inaugurate outlet for food products in New Valley

    Date: 2015-06-20 13:41:37 GMT - Egypt - Economy - SN:35 - ID:2832441

    Agriculture and Land Reclamation Minister Salah el Helaly will inaugurate on Sunday an outlet for selling food stuff at low prices for citizens in the New Valley governorate. The minister will also inspect agricultural projects in the ....

  • EBCC lauds economic performance in Egypt

    EBCC lauds economic performance in Egypt

    Date: 2015-06-20 13:30:54 GMT - United Kingdom - Economy - SN:30 - ID:2832341

    The Egyptian British Chamber of Commerce is pleased with the economic performance in Egypt one year after President Abdel Fattah El Sisi has taken office. The economic performance over the past year has been excellent despite political and ....

  • Logistics, commercial centers to be established in Gharbiya: min.

    Logistics, commercial centers to be established in Gharbiya: min.

    Date: 2015-06-19 10:33:22 GMT - Egypt - Economy - SN:6 - ID:2826097

    Minister of Internal Trade Khaled Hanafy said that integrated commercial and logistics areas will be established in the city of Tanta in el Gharbiya governorate. The planned project will be established on nearly 82 feddans with total investments ....

  • Gov't determined to re-balance economy, says minister

    Gov't determined to re-balance economy, says minister

    Date: 2015-06-16 15:52:17 GMT - Egypt - Economy - SN:47 - ID:2810329

    The government is determined to re-balance the Egyptian economy, Trade and Industry Minister Mounir Fakhry Abdel-Nour said on Tuesday. During a meeting with members of the Egyptian-French Business Council, Abdel-Nour called on the French ....

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