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Economy
- Service : English
- Category : Economy
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EEDC contracts with private sector to be signed late May, says minister
Date: 2015-05-08 12:09:41 GMT - Egypt - Economy - SN:12 - ID:2544109
The drafts of six contracts reached during the Egypt Economic Development Conference (EEDC) were sent to the private companies for review, Housing Minister Mostafa Madboly said on Friday. In press statements, Madboly expected such deals to be ....
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Bourse gains EGP 1.9 bln in week amid mixed performance
Date: 2015-05-08 11:05:37 GMT - Egypt - Economy - SN:10 - ID:2543709
The Egyptian Exchange closed this week with gains amounting to EGP 1.9 million. During the course of the week, the benchmark index EGX 30 increased by 0.81 percent to 8,742 points, said a weekly report issued by the Egyptian Exchange, of which ....
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Italian businessmen interested in Egypt's market -- minister
Date: 2015-05-08 10:23:03 GMT - Italy - Economy - SN:8 - ID:2543497
Minister of Industry and Trade Munir Fakhry Abdel Nour said on Thursday that Italy is increasingly interested in expanding business in Egypt. The minister made the remarks following meetings with Italian businessmen, economists and Egyptian ....
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Budget deficit rises to EGP 218.3 billion in 9 months
Date: 2015-05-08 09:18:26 GMT - Egypt - Economy - SN:7 - ID:2543109
The budget deficit rose to EGP 218.3 billion, constituting 9.4 percent of the gross domestic product (GDP), during the period from July to March, the Ministry of Finance said Thursday. The new figure is compared to EGP 145 billion during the same ....
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67 vessels transit Suez Canal
Date: 2015-05-06 13:27:51 GMT - Egypt - Economy - SN:49 - ID:2531625
Sixty-seven ships transited the Suez Canal on Wednesday, carrying a total cargo of 3.413 million tons. The south-bound convoy included 29 vessels carrying 1.625 million tons, while the north-bound convoy included 38 ships carrying 1.788 million ....
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CBE says net int'l reserves up to $20.525bn at end of April
Date: 2015-05-06 12:59:17 GMT - Egypt - Economy - SN:44 - ID:2531173
The Central Bank of Egypt (CBE) said Wednesday that the net international reserves increased to 20.525 billion dollars at the end of April compared to 15.290 billion at the end of March. International reserves are used to secure basic ....
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Minister: Egypt will be a destination for marketing by all Arabs
Date: 2015-05-06 11:48:13 GMT - Lebanon - Economy - SN:35 - ID:2530337
Egyptian Minister of Supply and Home Trade Khaled Hanafy said on Wednesday that a marketing and trade city that will be set up in Ain Sokhna in Egypt will be a destination for marketing by all Arabs. In statements to MENA during a Beirut visit, ....
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Damietta logistics center to turn Egypt into hub for grain, food industries trade - minister
Date: 2015-05-05 18:36:03 GMT - Lebanon - Economy - SN:53 - ID:2526305
Supply Minister Khaled Hanafy on Tuesday said Damietta logistics center would turn Egypt into a hub for grain and food industries trade. On the sidelines of the Arab Economic Forum in Beirut, the minister added that Egypt has large alliances with ....
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Egyptian GDRs in London up
Date: 2015-05-05 18:10:25 GMT - United Kingdom - Economy - SN:52 - ID:2526121
The Egyptian global depository receipts (GDRs) on London Stock Exchange traded up on Tuesday. The GDRs of Commercial International Bank (CIB) went up 0.15 pts or 2.17 pct to reach 7.05 dollars. The GDRs of Edita Food Industries went up 0.25 ....
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EGX gains more than EGP 6.3bn
Date: 2015-05-05 17:26:47 GMT - Egypt - Economy - SN:50 - ID:2525833
The Egyptian Exchange (EGX) gained more than 6.3 billion pounds at the end of trading Tuesday on the back of intensive purchase of shares following statements by Prime Minister Ibrahim Mahlab on the Capital Gains Tax (CGT) law. On Monday, Mahlab ....
