Economy

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  • 69 ships transit Suez Canal

    69 ships transit Suez Canal

    Date: 2015-05-03 11:58:53 GMT - Egypt - Economy - SN:36 - ID:2507781

    As many as 69 ships transited the Suez Canal on Sunday with a total cargo of 3.12 million tons. The south-bound convoy grouped 39 ships with a total cargo of 1.385 million tons. The north-bound convoy grouped 30 ships with a total cargo of ....

  • Egypt bourse denies hacking rumors

    Egypt bourse denies hacking rumors

    Date: 2015-05-03 08:52:56 GMT - Egypt - Economy - SN:11 - ID:2506109

    Egypt bourse administration denied on Sunday rumors that its trading systems were hacked, saying the news are totally void of truth. In a statement Sunday, it said the trading systems are highly protected and confidential. While going through ....

  • 40 suspended trains return to service

    40 suspended trains return to service

    Date: 2015-05-02 11:39:51 GMT - Egypt - Economy - SN:11 - ID:2501773

    Forty trains that have been suspended for a while will return to operation as of today, the Egyptian Railways Authority said. The move will mean that Egyptian rail lines are now working at full capacity, the authority said in a statement. ....

  • Egypt, Sudan border terminal to increase trade movement - minister

    Egypt, Sudan border terminal to increase trade movement - minister

    Date: 2015-05-02 11:36:18 GMT - Sudan - Economy - SN:10 - ID:2501729

    Egypt-Sudan border terminal of Qastal-Ashkit, which was officially opened on Thursday, will contribute to increasing trade movement and beefing up investments and tourism between the two countries, said Sudanese Trade Minister Osman Omar el Sherif. ....

  • PM follows up implementation of road network project

    PM follows up implementation of road network project

    Date: 2015-05-02 10:16:03 GMT - Egypt - Economy - SN:7 - ID:2500989

    Prime Minister Ibrahim Mahlab met with a number of his ministers on Friday night to discuss the implementation of the national road network project. Present in the meeting were the ministers of planning, petroleum, housing and transport. The ....

  • EGX gains EGP 4.7bn

    EGX gains EGP 4.7bn

    Date: 2015-04-29 14:19:21 GMT - Egypt - Economy - SN:35 - ID:2483965

    The Egyptian Exchange (EGX) gained 4.7 billion pounds at the end of Wednesday's trading on the back of intensive purchases by Arab and foreign investors following a meeting Tuesday night between Prime Minister Ibrahim Mahlab and Investment Minister ....

  • PM, investment minister discuss EGX developments

    PM, investment minister discuss EGX developments

    Date: 2015-04-29 11:00:58 GMT - Egypt - Economy - SN:26 - ID:2481637

    Prime Minister Ibrahim Mahlab met Tuesday night with Investment Minister Ashraf Salman and chairman of the Egyptian Exchange (EGX) Mohamed Omran to discuss the latest developments at the EGX. Attending the meeting were also a number of capital ....

  • 4.4% incease in number of tourists in 2014 - CAPMAS

    4.4% incease in number of tourists in 2014 - CAPMAS

    Date: 2015-04-29 10:52:17 GMT - Egypt - Economy - SN:24 - ID:2481513

    The Central Agency for Public Mobilization and Statistics (CAPMAS) Wednesday reported an increase in the number of tourists visiting Egypt from various world nations by 4.4% in 2014 reaching 9.9 million, compared with 9.5 million in 2013. A ....

  • Establishing unified Arab bank requires strenuous efforts, says UAB head

    Establishing unified Arab bank requires strenuous efforts, says UAB head

    Date: 2015-04-28 17:08:41 GMT - Egypt - Economy - SN:57 - ID:2477713

    Establishing a unified Arab bank requires exerting strenuous efforts, Chairman of the Union of Arab Banks (UAB) Mohamed Barakat said on Tuesday. In statements to MENA, Barakat noted that there are plans to establish an Arab trade zone, citing ....

  • Ambassador: British investors impressed by success of Sharm economic conference

    Ambassador: British investors impressed by success of Sharm economic conference

    Date: 2015-04-28 16:41:02 GMT - United Kingdom - Economy - SN:35 - ID:2475905

    Egyptian Ambassador here Nasser Kamel on Tuesday said that British investors who took part in last month's economic conference in Sharm el Sheikh were impressed by the success of the event. In statements to MENA, he added that the conference has ....

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