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Economy
- Service : English
- Category : Economy
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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 ....
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51 ships transit Suez Canal
Date: 2015-04-07 12:35:07 GMT - Egypt - Economy - SN:10 - ID:2330589
Fifty-one vessels crossed the Suez Canal on Tuesday, carrying a total cargo of 2,341 million tons. The south-bound convoy included 32 ships carrying 1,429 million tons, while the north-bound convoy included 19 vessels carrying 912,000 tons. ....
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Collective decline in Egypt bourse indices
Date: 2015-04-06 15:31:39 GMT - Egypt - Economy - SN:34 - ID:2324769
The Egyptian Exchange (EGX) indices shut on Monday's session collectively down over sales by local and foreign investment funds and institutions as the government is about to impose 10 percent on capital gains tax on profits and dividends of listed ....
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31 vessels transit Suez Canal
Date: 2015-04-06 13:30:08 GMT - Egypt - Economy - SN:23 - ID:2323625
Thirty-one ships crossed the Suez Canal on Monday, carrying a total cargo of 1.2 million tons. The south-bound convoy included 27 ships carrying 1.132 million tons, while the north-bound convoy included four vessels carrying 64,000 tons. ....
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Stock exchange chief urges govt not to implement capital gains tax
Date: 2015-04-06 13:09:50 GMT - Egypt - Economy - SN:21 - ID:2323409
Egypt's Stock Exchange Chairman Mohammad Omran on Monday called on the government to delay the implementation of the new law on capital gains tax. "The current situation shows that it would be hard for the law to come into effect," Omran said in ....
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Supply minister says Egypt not to import sugar
Date: 2015-04-06 09:56:01 GMT - Egypt - Economy - SN:11 - ID:2321577
Supply Minister Khaled Hanafi said Monday that he will act to remove all obstacles facing Egyptian sugar companies to be able to compete on the local and international markets. Hanafi touched upon action taken to protect national sugar firms ....
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EGX loses 7 bln pounds at end of Sunday trading
Date: 2015-04-05 15:00:36 GMT - Egypt - Economy - SN:34 - ID:2317853
The Egyptian Exchange (EGX) lost 7 billion pounds at the end of Sunday's trading. The EGX 30 benchmark index dropped 3.2 percent to close at 8,607.66 points, the biggest daily loss in 2015. The broader EGX 70 index of the leading smaller and ....
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91-, 273-day T-bills auctioned
Date: 2015-04-05 14:43:10 GMT - Egypt - Economy - SN:30 - ID:2317745
The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 7 billion. In an online statement, the ministry said it sold EGP 3 billion of 91-day T-bills with an average yield of 11.128%, adding it accepted bids at rates ....
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Egyptian side in business council with Ethiopia to be reformed
Date: 2015-04-05 12:09:12 GMT - Egypt - Economy - SN:23 - ID:2316349
Trade and Industry Minister Monier Fakhri Abdel Nour ordered on Sunday the re-formation of the Egyptian side in the business council with Ethiopia. The new formation will be in office for three years under Board Chairman of Suwaidi Electrics ....
