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Economy
- Service : English
- Category : Economy
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Total debts of electricity ministry for petroleum sector reached EGP 44 bln
Date: 2014-12-28 11:12:59 GMT - Egypt - Economy - SN:29 - ID:1627929
Total debts of electricity ministry for the petroleum sector has reached about EGP 44 billion by the end of 2014 for the value of natural gas, mazut and diesel, an official source at Egyptian General Petroleum Authority (EGPC) said on Sunday. He ....
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Egypt not affected by Russian grain exports ban
Date: 2014-12-24 17:13:54 GMT - Egypt - Economy - SN:44 - ID:1607573
Egypt will not be affected by the Russian grain exports ban, said Deputy head of the General Authority For Supply Commodities (GASC) Mamdouh Abdel Fattah. Russia has stopped exporting grains, suspending shipments to customers including Egypt, ....
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Banks to be closed on January 1 - CBE
Date: 2014-12-24 16:34:57 GMT - Egypt - Economy - SN:40 - ID:1607369
The Central Bank of Egypt announced Wednesday that all banks working in Egypt will be off on January 1, 2015 due to the end the 2013/14 fiscal year on December 31, 2014. Work will be resumed on Sunday, January 4, 2015, said the CBE in a statement ....
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45 ships transit Suez Canal
Date: 2014-12-23 17:40:21 GMT - Egypt - Economy - SN:59 - ID:1600529
Forty-five ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.485 million tons. The south-bound convoy included 22 ships carrying 1.292 million tons, while the north-bound convoy included 23 vessels carrying 1.193 million tons. ....
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Egypt Bourse gains EGP 2.58bn
Date: 2014-12-23 14:50:42 GMT - Egypt - Economy - SN:40 - ID:1599169
The Egyptian Exchange (EGX) continued its upward trend at the close of Tuesday's trading, backed by intensive purchases by Arab and Egyptian investors. The market capital achieved gains worth 2.58 billion pounds to reach 489.4 billion pounds, ....
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Egypt bourse gains EGP 1.1bn, index up 0.15 pct
Date: 2014-12-22 13:17:52 GMT - Egypt - Economy - SN:45 - ID:1589757
The Egyptian Exchange (EGX) continued its upward trend at the close of Monday's trading, backed by intensive purchases by Arab and Egyptian investors. The market capital achieved gains worth 1.18 billion pounds to reach 485.5 billion pounds, ....
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New bread mechanism to be applied in 4 more governorates - minister
Date: 2014-12-22 13:07:42 GMT - Egypt - Economy - SN:9 - ID:1586485
The new state-subsidized bread distribution mechanism will be applied in four more governorates within the coming few days, Supply Minister Khaled Henfi said on Monday. The new governorates are Minya, Qalubiya, Kafr el Sheikh and Beheira. He ....
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Egypt bourse continues third-week running losses
Date: 2014-12-19 10:30:44 GMT - Egypt - Economy - SN:8 - ID:1569657
The Egyptian Exchange closed last week with losses amounting to EGP 32 billion and its indexes were all down for the third week running affected by the sharp decline of international oil prices. The capital market declined to EGP 476 billion, 3.6 ....
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EGX loses EGP 15.3bn
Date: 2014-12-17 13:55:19 GMT - Egypt - Economy - SN:47 - ID:1558017
The Egyptian Exchange (EGX) lost 15.3 billion pounds at the end of trading Wednesday on the back of intensive sales by investment funds and Egyptian institutions. The benchmark index EGX 30 dropped by 4.6 percent to 8124,68 points. The broader ....
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Non-conventional gas to be produced in Western Desert
Date: 2014-12-17 11:46:02 GMT - Egypt - Economy - SN:34 - ID:1556697
Minister of Petroleum and Mineral Wealth Sherif Ismail attended here on Wednesday the signing of the first contract on a new project to produce non-conventional gas in northeastern Abul Gharadeek area in the Western Desert. The contract was ....
