Economy

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  • EGX down, loses EGP 1.5bn

    EGX down, loses EGP 1.5bn

    Date: 2014-12-31 17:20:06 GMT - Egypt - Economy - SN:37 - ID:1651981

    The Egyptian Exchange (EGX) indices went down on Wednesday due to intensive share sales and declined Gulf stock markets. The market capital lost about EGP 1.5 billion to reach EGP 500 billion after transactions reached EGP 790 million. The ....

  • 44 ships transit Suez Canal

    44 ships transit Suez Canal

    Date: 2014-12-31 17:11:17 GMT - Egypt - Economy - SN:35 - ID:1651949

    Forty-four ships transited the Suez Canal on Wednesday, carrying a total cargo of around 2.6 million tons. The south-bound convoy included 16 vessels carrying 1.7 million tons, while the north-bound convoy included 28 ships carrying 895,000 ....

  • 44 ships transit Suez Canal

    44 ships transit Suez Canal

    Date: 2014-12-31 13:19:15 GMT - Egypt - Economy - SN:32 - ID:1650213

    Forty-four ships transited the Suez Canal on Wednesday, carrying a total cargo of around 2.6 million tons. The south-bound convoy included 16 vessels carrying 1.7 million tons, while the north-bound convoy included 28 ships carrying 895,000 tons. ....

  • Egyptian GDRs in London show stable performance

    Egyptian GDRs in London show stable performance

    Date: 2014-12-30 18:41:54 GMT - United Kingdom - Economy - SN:60 - ID:1645193

    The Egyptian Global Depository Receipts (GDRs) in the London Stock Exchange showed stable performance at the close of Tuesday’s trading. The GDRs of EFG Hermes, Orascom Telecom and Orascom Construction Industries remained unchanged at 4.00, 0.87 ....

  • Egypt's economic growth 2.1% in 2013/14 FY

    Egypt's economic growth 2.1% in 2013/14 FY

    Date: 2014-12-30 17:08:16 GMT - Egypt - Economy - SN:54 - ID:1644789

    The growth of Egypt's economy hit 2.1 percent in the fiscal year 2013/2014 , according to Governor of the Central Bank of Egypt Hisham Ramez. Ramez's remarks came on Tuesday during meeting of the ministerial economic panel, under Prime Minister ....

  • EGX indexes show mixed performance ahead of New Year

    EGX indexes show mixed performance ahead of New Year

    Date: 2014-12-30 13:30:17 GMT - Egypt - Economy - SN:36 - ID:1642921

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Tuesday's trading. The main benchmark EGX 30 index was up 0.53 percent to record 9,005.75 points. The broader EGX 70 index of the leading small and medium sized ....

  • Egypt records $410m balance of payment surplus

    Egypt records $410m balance of payment surplus

    Date: 2014-12-30 13:19:06 GMT - Egypt - Economy - SN:32 - ID:1642853

    Egypt's Balance of Payments (BOP) registered an overall surplus of 410 million dollars during the period from July to September of the 2014/2015 fiscal year compared to a 3.7 million during the same period last year, according to an official ....

  • EBRD upgrades sanitation standards in Egypt

    EBRD upgrades sanitation standards in Egypt

    Date: 2014-12-29 17:00:11 GMT - United Kingdom - Economy - SN:54 - ID:1637769

    The European Bank for Reconstruction and Development (EBRD) is improving the living standards of almost 500,000 inhabitants of the Egyptian towns of Motobas, Desouk and Burullus with a €55 million loan for the expansion of wastewater treatment in ....

  • Bourse indexes rise slightly

    Bourse indexes rise slightly

    Date: 2014-12-28 13:40:26 GMT - Egypt - Economy - SN:51 - ID:1629349

    The Egyptian Exchange (EGX) indexes were slightly up at the close of trading on Monday backed by share purchases by foreign investment funds and institutions against sale operations by Egyptian individuals and investment funds. The market ....

  • 54 ships cross Suez Canal

    54 ships cross Suez Canal

    Date: 2014-12-28 12:21:30 GMT - Egypt - Economy - SN:46 - ID:1628637

    Fifty-four ships transited the Suez Canal on Sunday, carrying a total cargo of over 2.486 million tons. The north-bound convoy included 31 vessels, carrying 1.163 million tons, while the south-bound convoy included 23 ships, carrying 1.323 ....

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