Economy

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  • 54 ships transit Suez Canal Sunday

    54 ships transit Suez Canal Sunday

    Date: 2015-05-31 13:22:16 GMT - Egypt - Economy - SN:38 - ID:2701397

    Fifty-four ships transited the Suez Canal on Sunday, carrying a total cargo of about 2,150,312 million tons. The south-bound convoy included 37 vessels carrying 1,511,252 million tons, while the north-bound convoy included 17 ships carrying ....

  • Governor, investment minister meet Alexandria businessmen

    Governor, investment minister meet Alexandria businessmen

    Date: 2015-05-29 10:23:14 GMT - Egypt - Economy - SN:8 - ID:2688729

    Alexandria Governor Hany el-Messiry and Investment Minister Ashraf Salman met on Friday with investors at Alexandria's Burg el-Arab free zone. They discussed plans for boosting development and mechanisms to revive the country's economy. The ....

  • Bourse loses EGP 3.4 bn last week

    Bourse loses EGP 3.4 bn last week

    Date: 2015-05-29 10:00:35 GMT - Egypt - Economy - SN:5 - ID:2688633

    The Egyptian Exchange closed last week with losses amounting to EGP 3.4 billion and its indexes were all down. The capital market declined to EGP 501.1 billion, 0.7 percent less than the week before. During the course of the week, the ....

  • Egypt's bourse shows varied performance

    Egypt's bourse shows varied performance

    Date: 2015-05-27 14:24:39 GMT - Egypt - Economy - SN:50 - ID:2677565

    The Egyptian Stock Exchange (EGX) indexes showed varied performance at the close of Wednesday's trading amid purchases by Egyptian investors and Arab individuals and sales by foreign institutions and investment funds. The market capital lost ....

  • June salaries to be paid earlier in month - ministry

    June salaries to be paid earlier in month - ministry

    Date: 2015-05-27 08:03:06 GMT - Egypt - Economy - SN:3 - ID:2673729

    The Finance Ministry said June salaries will be paid to all public servants on day 15 due to the closing of 2014/2015 fiscal year. The move will be valid even on salaries transferred to bank accounts, a ministry official told MENA. Also, July ....

  • Russian minister calls for providing privileges for Russian industries in Egypt

    Russian minister calls for providing privileges for Russian industries in Egypt

    Date: 2015-05-26 17:20:39 GMT - Egypt - Economy - SN:51 - ID:2671189

    Russian Minister of Industry and Trade Denis Manturov on Tuesday said the current Egyptian-Russian talks aim to create the conditions to enhance bilateral cooperation. In statements at the end of the commercial industrial dialogue between Egypt ....

  • 1,067 companies established in March, says GAFI chairman

    1,067 companies established in March, says GAFI chairman

    Date: 2015-05-26 16:23:17 GMT - Lebanon - Economy - SN:47 - ID:2670741

    Up to 1,067 new companies have been established in March, Chairman of the General Authority for Investment and Free Zones (GAFI) Hassan Fahmy said on Tuesday. "This rate is the highest in the past eight years," Fahmy said during his participation ....

  • FEI chairman urges increasing volume of trade in Africa

    FEI chairman urges increasing volume of trade in Africa

    Date: 2015-05-26 14:39:00 GMT - Egypt - Economy - SN:22 - ID:2668777

    Chairman of the Federation of Egyptian Industries (FEI) Mohammad el Sweidi called on Tuesday for increasing the volume of trade in Africa through exchanging commodities with the African countries. Sweidi made the statement after a meeting with ....

  • UN report shows growth in world economy in 2015

    UN report shows growth in world economy in 2015

    Date: 2015-05-26 12:24:32 GMT - Egypt - Economy - SN:14 - ID:2668237

    A UN biannual report on World Economic Situation and Prospects (WESP) showed that the world economy continues to grow at a modest pace, according to UN. Growth of world gross product is projected to accelerate slightly from 2.6 per cent in 2014 ....

  • FDIs in Egypt hit dlrs 3 billion - GAFI

    FDIs in Egypt hit dlrs 3 billion - GAFI

    Date: 2015-05-26 10:11:45 GMT - Lebanon - Economy - SN:8 - ID:2666953

    Head of the Egyptian General Authority For Investment and Free Zones (GAFI) Hassan Fahmi said the volume of foreign direct investments in Egypt during the first half of fiscal 2014/2015 hit around dlrs 3 billion. In statements to MENA Tuesday on ....

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