ar
en
fr
Economy
- Service : English
- Category : Economy
-
Egypt bourse continues downward trend
Date: 2015-06-09 13:49:29 GMT - Egypt - Economy - SN:34 - ID:2762813
Egypt's bourse resumed its downward trend at end of trading Tuesday amid sales of corporations and limited purchase by investors. The market capital lost about 500 million pounds to reach 491.9 billion pounds against 492.4 billion pounds in ....
-
GAFI head: Economic reform aims at reducing budget deficit to less than 10%
Date: 2015-06-08 19:18:19 GMT - Egypt - Economy - SN:38 - ID:2757437
Head of the General Authority for Investment and Free Zones (GAFI) Hassan Fahmi said the government is focusing on the political and economic reforms. During a forum organized by the Egyptian businessmen association in cooperation with GAFI, ....
-
Agreement inked between Luxor, Jiangsu
Date: 2015-06-08 13:17:04 GMT - Egypt - Economy - SN:26 - ID:2754605
Luxor Governor Mohamed Badr signed Monday a cooperation protocol and agreement between Jiangsu Chinese province and the governorate. The protocol will enhance joint cooperation in the fields of tourism, education and technology. The inking ....
-
Electricity min. says Arab power grid tops priority
Date: 2015-06-08 13:10:03 GMT - Egypt - Economy - SN:25 - ID:2754517
Minister of Electricity Mohamed Shaker has said the Arab Executive Office of the Ministers of Electricity 31st meeting discusses the Arab electricity network. The Arab leaders pay great attention to the Arab power grid that has great economic ....
-
Egypt foreign reserves down by nearly $1 bn in May
Date: 2015-06-07 16:32:40 GMT - Egypt - Economy - SN:27 - ID:2749033
The Central Bank of Egypt (CBE) said Sunday the country's foreign currency reserves were down $965 million in May. Forex reserves hit $19.559 billion at the end of May against $20.525 billion in April and $15.3 billion in March, the CBE said in a ....
-
IMF plans $833m in emergency aid to Iraq
Date: 2015-06-06 10:23:16 GMT - USA - Economy - SN:9 - ID:2739669
The International Monetary Fund (IMF) says it's preparing $US833 million in emergency assistance to Iraq, as the country battles Daesh terrorist group, according to Sky News. The IMF says the aid, subject to final approval, is likely to come in ....
-
Budget deficit rises to EGP 230.9 billion in 10 months
Date: 2015-06-05 11:38:12 GMT - Egypt - Economy - SN:10 - ID:2734941
The budget deficit rose to EGP 230.9 billion, constituting 9.9 percent of the gross domestic product (GDP), during the period from July to April 2014/2015, the Ministry of Finance said Thursday. The new figure is compared to EGP 163 billion a ....
-
Bourse loses EGP 3.1 bn last week
Date: 2015-06-05 09:37:17 GMT - Egypt - Economy - SN:4 - ID:2734141
The Egyptian Exchange closed last week with losses amounting to EGP 3.1 billion and its indexes were all down. The capital market declined to EGP 498 billion, 0.6 percent less than the week before. During the course of the week, the benchmark ....
-
182-, 357-day T-bills auctioned
Date: 2015-06-04 16:29:30 GMT - Egypt - Economy - SN:21 - ID:2731321
CAIRO, June 4 (MENA) - The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 7.5 billion. In an online statement, the ministry said it sold EGP 3.5 billion of 182-day T-bills. The average yield was 12.041%, it said, ....
-
World Bank chief to visit Egypt June 9
Date: 2015-06-04 16:17:08 GMT - USA - Economy - SN:16 - ID:2731201
President of the World Bank Group Jim Yong Kim will visit Egypt on June 9-11 as part of the group's commitment to back development goals in Egypt. On June 10, the WB President will deliver a speech at the third COMESA-EAC-SADC Tripartite Summit ....
