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Economy
- Service : English
- Category : Economy
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EGX gains EGP 2.6bn
Date: 2015-06-16 14:27:42 GMT - Egypt - Economy - SN:34 - ID:2809765
The Egyptian Exchange (EGX) gained about 2.6 billion pounds at the end of Tuesday's trading on the back of purchases by Arab and local institutions that turned a blind eye to death sentences issued earlier in the day against a number of Muslim ....
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CAPMAS: Rise in trade balance deficit in March
Date: 2015-06-16 11:35:42 GMT - Egypt - Economy - SN:16 - ID:2808157
A survey issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday showed a 10.9 percent rise in the trade balance deficit last March reaching 26.7 billion pounds against 24 billion in the same month last year. The ....
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Egypt's bourse loses 1.7 billion pounds; index down 0.22%
Date: 2015-06-15 15:01:20 GMT - Egypt - Economy - SN:18 - ID:2802753
All bourse indices showed on Monday a downward trend amid sales of corporations and investors and plans by Emaar Misr to float shares worth 2.7 billion pounds. At closing today, the bourse reported 1.7 billion pound losses. The EGX 30 ....
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Egypt's bourse announces trading hours during Ramadan
Date: 2015-06-15 14:47:41 GMT - Egypt - Economy - SN:16 - ID:2802621
Egypt Exchange announced on Monday trading hours during the fasting month of Ramadan. In a statement, the bourse set the new trading hours as follows: Listed Securities Market (Main Market) Official Trading Session from 10:00 a.m 01:30 ....
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221 mn cubic meters of water-saturated sand removed from new Suez Canal
Date: 2015-06-15 14:44:42 GMT - Egypt - Economy - SN:15 - ID:2802585
A total of 221.569 million cubic meters of water-saturated sand have so far been lifted by 39 dredgers at the new Suez Canal lane project, head of the Suez Canal Authority Mohab Mamish said. The figure represents 85.88% of the target of 258,000 ....
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NBE to put up investment funds to attract Egyptian expatriates savings
Date: 2015-06-14 13:46:54 GMT - Egypt - Economy - SN:35 - ID:2795045
National Bank of Egypt (NBE) Financial Sector Head Hussein el Refaie said the bank agreed on putting up new investment funds during the coming period. This comes after Al Ahly Capital Holding gained a license to manage funds and money from Dubai ....
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Egypt bourse loses EGP 8.7bn last week
Date: 2015-06-12 11:02:22 GMT - Egypt - Economy - SN:10 - ID:2782249
The Egyptian Exchange closed last week with losses amounting to EGP 8.7 billion and its indexes were all down. The capital market declined to EGP 489.3 billion, 1.7 percent less than the week before. During the course of the week, the ....
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New Fund to start with EGP 5bn capital – min.
Date: 2015-06-12 11:01:19 GMT - Egypt - Economy - SN:9 - ID:2782237
The new sovereign wealth fund “Amlak” will start with a capital of EGP 5 billion as of the new financial year 2015-2016, Planning Minister Ashraf el Araby said. Speaking to MENA, Araby said the fund will be entirely owned by the State represented ....
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Egypt auctions 182-, 364-day T-bills
Date: 2015-06-11 16:36:51 GMT - Egypt - Economy - SN:20 - ID:2779141
The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 7 billion. In an online statement, the ministry said it sold EGP 3 billion of 182-day T-bills. The average yield was 12.522%, it said, adding it accepted bids at ....
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Egyptian banks to open branches in Africa in upcoming period - CBE governor
Date: 2015-06-10 13:00:15 GMT - Egypt - Economy - SN:41 - ID:2770025
Egyptian banks will open branches in all African countries within the coming period in order to help Egyptian businessmen to open wider trade areas and contribute to boosting trade movement between Egypt and the continent's countries, said Central ....
