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Economy
- Service : English
- Category : Economy
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Oil minister: Iran, China to broaden energy cooperation
Date: 2015-04-11 12:25:03 GMT - Iran - Economy - SN:17 - ID:2357621
Iranian Oil Minister Bijan Namdar Zanganeh announced on Saturday that Tehran and Beijing are set to increase their cooperation in the energy sector after the western sanctions imposed against Iran are removed. "Iran and China will increase their ....
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Egyptian GDRs in London show mixed performance
Date: 2015-04-10 17:29:31 GMT - United Kingdom - Economy - SN:26 - ID:2353517
The Egyptian global depository receipts (GDRs) traded on London Stock Exchange showed mixed performance at the close of Friday's trading. The GDRs of Orascom Telecom and Commercial International Bank (CIB) went down by 6.47 percent and 0.94 ....
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Decision to ban imports of Ramadan lanterns to encourage local industry: official
Date: 2015-04-10 17:21:14 GMT - Egypt - Economy - SN:25 - ID:2353489
A decision to ban imports of Ramadan lanterns would encourage local industry, said chairman of the Federation of Egyptian Industries (FEI) Mohamed el Sewedi. In statements to MENA on Friday, Sewedi hailed as "audacious" the decision that was ....
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Egypt Bourse indexes up
Date: 2015-04-08 12:22:57 GMT - Egypt - Economy - SN:27 - ID:2338233
The Egyptian Exchange (EGX) indexes were up at the start of trading on Wednesday due to purchases by local institutions and investment funds. The market capital reached 501.7 billion pounds after one hour of transactions up by 4.5 billion ....
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55 ships transit Suez Canal
Date: 2015-04-08 10:12:09 GMT - Egypt - Economy - SN:15 - ID:2336753
Fifty-five vessels crossed the Suez Canal on Wednesday, carrying a total cargo of 2,403 million tons. The south-bound convoy included 29 ships carrying 908,000 tons, while the north-bound convoy included 26 vessels carrying 1.495 million tons. ....
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Bourse loses 4.5 billion pounds in early trading
Date: 2015-04-08 10:07:28 GMT - Egypt - Economy - SN:12 - ID:2336705
The Egyptian bourse lost EGP 4.5 billion to hit 498 billion pounds at the first hours of Wednesday session prompted by the release of the executive statutes of the tax law. The EGX 30 benchmark index dropped by 1.8 percent to 8,555 points in the ....
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Supply Minister, Afreximbank official confer on funding ITDA projects
Date: 2015-04-08 09:53:39 GMT - Egypt - Economy - SN:8 - ID:2336537
Supply Minister Khaled Hanafy met with Afreximbank Executive Vice President Dr Benedict Oramah Wednesday to discuss funding projects implemented by the Internal Trade Development Authority (ITDA). Hanafy and Oramah also talked about supporting ....
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Egyptian GDRs in London show mixed performance
Date: 2015-04-07 17:14:21 GMT - United Kingdom - Economy - SN:47 - ID:2333109
The Egyptian Global Depository Receipts (GDRs) traded on London Stock Exchange showed mixed performance at the close of Tuesday’s trading. The GDRs of the Commercial International Bank (CIB) went down by 2.61 percent to reach 6.72 dollars. The ....
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CBE says net int'l reserves down to $15.290bn at end of March
Date: 2015-04-07 14:49:33 GMT - Egypt - Economy - SN:22 - ID:2331269
The Central Bank of Egypt (CBE) said Tuesday that the net international reserves decreased to 15.290 billion dollars at the end of March compared to 15.456 billion at the end of February. International reserves are used to secure basic ....
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EGX gains EGP 7.4bn
Date: 2015-04-07 14:47:26 GMT - Egypt - Economy - SN:29 - ID:2331957
The Egyptian Exchange (EGX) gained 7.4 billion pounds at the end of Tuesday's trading on the back of purchases by investment funds amid high hopes that the government would delay a decision to impose taxes on capital profits. The EGX 30 benchmark ....
