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Economy
- Service : English
- Category : Economy
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Egypt bourse loses EGP 6bn
Date: 2015-05-13 16:19:27 GMT - Egypt - Economy - SN:32 - ID:2582297
The Egyptian Exchange (EGX) indices collectively went down on Wednesday over sales by Egyptian, Arab and foreign institutions and investment funds. The market capital lost about 6 billion pounds to hit 491.8 billion pounds, after transactions ....
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Study underway to re-operate stalled factories, says minister
Date: 2015-05-13 15:34:58 GMT - Egypt - Economy - SN:29 - ID:2582005
The ministerial economic committee is currently studying an integrated program to re-operate the factories suspended for non-commercial reasons, Finance Minister Hany Qadry said on Wednesday. In statements, Qadry said there is a program currently ....
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62 ships transit Suez Canal
Date: 2015-05-13 13:00:52 GMT - Egypt - Economy - SN:17 - ID:2580145
Sixty-two ships transited the Suez Canal Wednesday, carrying a total cargo of 3.295 million tons. The south-bound convoy included 27 vessels carrying 1.287 million tons, while the north-bound convoy included 35 ships carrying 2.8 million tons on ....
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EGX loses EGP 1.4bn
Date: 2015-05-12 14:47:19 GMT - Egypt - Economy - SN:37 - ID:2573301
The Egyptian Exchange (EGX) indices went down on Tuesday on the back of share sales by Egyptian investment funds. The market capital lost about 1.4 billion pounds to reach 497.8 billion after transactions worth 1.6 billion. The main benchmark ....
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Fifty-one vessels cross Suez Canal
Date: 2015-05-12 13:56:19 GMT - Egypt - Economy - SN:31 - ID:2572917
Forty-nine vessels crossed the Suez Canal on Tuesday, carrying a total cargo of about 2.6 million tons. The south-bound convoy included 23 ships carrying 952,000 tons, while the north-bound convoy included 26 vessels carrying about 1.7 million ....
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Minister: $30bn to be invested in coal industry in 5 years
Date: 2015-05-12 13:36:26 GMT - Egypt - Economy - SN:25 - ID:2572713
Minister of Investment Ashraf Salman said the government pays attention to coal industry as an alternative to electricity. During the second day of an economic conference to support Egypt's economy, the minister pointed out to cooperation between ....
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Subsidies for food commodities hit EGP 37bn-- minister
Date: 2015-05-12 13:18:31 GMT - Egypt - Economy - SN:23 - ID:2572485
The government's subsidies for food commodities hit 37 billion pounds in the 2014-2015 fiscal year against 37.3 billion in the past year, Supply Minister Khalid Hanafy said on Tuesday. The minister made the statements while opening an outlet for ....
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Agriculture Minister declares war on corruption inside ministry
Date: 2015-05-11 15:43:04 GMT - Egypt - Economy - SN:52 - ID:2566101
Agriculture Minister Salah Helal formed a panel that would be tasked to combat corruption inside the ministry. The committee will put a strategy for fighting corruption at all institutions affiliated to the ministry, Helal said. He said the ....
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Investment minister, Italian amb. in Cairo probe increasing investments
Date: 2015-05-11 15:36:38 GMT - Egypt - Economy - SN:51 - ID:2566057
Investment Minister Ashraf Salman said he supports efforts to increase Italian investments in Egypt. This remark came during the meeting held between Salman and the Italian Ambassador here Maurizio Massari and his accompanying ....
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Egypt auctions T-bonds
Date: 2015-05-11 15:34:25 GMT - Egypt - Economy - SN:50 - ID:2566041
The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 4.75 billion. In an online statement, the ministry said it sold EGP 3 billion of 5-year and EGP 1.75 billion of 10-year treasury bonds. A coupon of 12.701% was ....
