Economy

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  • EGX loses EGP 7.1bn

    EGX loses EGP 7.1bn

    Date: 2014-12-09 16:35:43 GMT - Egypt - Economy - SN:31 - ID:1504937

    The Egyptian Exchange (EGX) indices went down on Tuesday following suit of most Gulf states. The market capital lost about 7.1 billion pounds to reach 518.9 billion pounds after transactions wroth 1.4 billion pounds. The EGX 30 benchmark index ....

  • EU first trade partner to Egypt: CBE report

    EU first trade partner to Egypt: CBE report

    Date: 2014-12-09 07:40:04 GMT - Egypt - Economy - SN:7 - ID:1499645

    Egypt's foreign trade went up by 1.5 percent to 85.9 billion dollars during the fiscal year 2013/2014. According to a report by the Central Bank of Egypt (CBE), the payments surpassed commodity imports by 3.7 percent to 59.8 billion dollars, and ....

  • US commerce delegation on visit to Egypt

    US commerce delegation on visit to Egypt

    Date: 2014-12-08 15:45:28 GMT - Egypt - Economy - SN:47 - ID:1496865

    US Deputy Under Secretary of Commerce for International Trade Ken Hyatt has arrived in Cairo leading a delegation of 11 US companies on an Infrastructure Business Development Mission to Egypt. The mission will give companies the ability to ....

  • 37 vessels transit Suez Canal

    37 vessels transit Suez Canal

    Date: 2014-12-08 12:51:27 GMT - Egypt - Economy - SN:40 - ID:1495109

    Thirty-seven ships crossed the Suez Canal on Monday, carrying a total cargo of 1.927 million tons. The south-bound convoy included 21 ships carrying 1.116 million tons, while the north-bound convoy included 16 vessels carrying 811,000 tons. ....

  • Tourism min. calls for more US flights to Egypt

    Tourism min. calls for more US flights to Egypt

    Date: 2014-12-07 16:21:50 GMT - Egypt - Economy - SN:36 - ID:1489793

    Tourism Minister Hisham Zaazoua urged on Sunday the U.S. tour operators to increase their flights into Egypt during the coming period to get acquainted with the real situation here. This came during the minister's participation in the ....

  • Banks begin to disburse yields of Suez Canal certificates

    Banks begin to disburse yields of Suez Canal certificates

    Date: 2014-12-07 15:26:18 GMT - Egypt - Economy - SN:33 - ID:1489337

    The National Bank of Egypt, Banque Misr, Banque du Caire and Suez Canal Bank started to pay out Sunday the first returns on Suez Canal investment certificates, which represent a total sum of 1.9 billion pounds, throughout eight days. In ....

  • Abdel-Nour: Gov seeks to raise growth rate to 7%

    Abdel-Nour: Gov seeks to raise growth rate to 7%

    Date: 2014-12-07 14:53:19 GMT - Egypt - Economy - SN:32 - ID:1489081

    Minister of Trade and Industry Monir Fakhry Abdel-Nour said Sunday the government planed to raise the growth rate to 7% during the coming stage. During a meeting with a delegation of major U.S. companies operating in the fields of infrastructure, ....

  • 1st batch of New Suez Canal certificates inerest to be paid Sunday - CBE

    1st batch of New Suez Canal certificates inerest to be paid Sunday - CBE

    Date: 2014-12-06 10:37:36 GMT - Egypt - Economy - SN:28 - ID:1480965

    The first batch of Suez Canal investment certificate interest yields will be paid to certificate-holders as of Sunday, said a well-placed source in the Central Bank of Egypt. The certificates come with 12% interest rates, which is considered the ....

  • Egypt bourse up, main index gains 1.28 pct

    Egypt bourse up, main index gains 1.28 pct

    Date: 2014-12-03 17:41:00 GMT - Egypt - Economy - SN:54 - ID:1466145

    Intensive purchases by foreign investors drove up the Egyptian Exchange (EGX) indices at the close of Wednesday's trading. The market capital gained about 3.8 billion pounds to hit 517.4 billion pounds, amid transactions which reached about 802 ....

  • Minster of tourism visits US to  boost tourist movement

    Minster of tourism visits US to boost tourist movement

    Date: 2014-12-03 17:20:49 GMT - Egypt - Economy - SN:51 - ID:1466001

    Tourism Minister Hisham Zazoua will visit the United States on Thursday as part of a plan to push Egyptian tourism industry back on track. The minister is expected to attend conference in Florida and meet with representatives of travel agencies ....

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