Economy

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  • Financial entanglements hit over EGP one trillion – min.

    Financial entanglements hit over EGP one trillion – min.

    Date: 2015-04-03 10:43:32 GMT - Egypt - Economy - SN:5 - ID:2304373

    The size of financial entanglements among the different state sectors has reached over one trillion pounds, Planning Minister Ashraf el Araby said. Among the involved sides are the National Organization for Social Insurance, Finance Ministry, ....

  • Bourse indexes show mixed performance last week

    Bourse indexes show mixed performance last week

    Date: 2015-04-03 07:26:55 GMT - Egypt - Economy - SN:1 - ID:2303101

    The Egyptian Exchange closed last week with gains amounting to EGP 9.4 billion and its indexes showed mixed performance. The capital market increased 1.9 percent to hit EGP 509.3 billion. During the course of the week, the benchmark index EGX ....

  • Protocol signed between Supply Ministry, AADO

    Protocol signed between Supply Ministry, AADO

    Date: 2015-03-31 17:26:00 GMT - Egypt - Economy - SN:73 - ID:2286905

    A protocol for developing human resources at the Ministry of Supply was signed between the ministry and the Arab Administrative Development Organization (AADO). Signed by Supply Minister Khaled Hanafy, and head of the AADO, affiliated to the Arab ....

  • EGX indexes show mixed performance

    EGX indexes show mixed performance

    Date: 2015-03-31 14:41:06 GMT - Egypt - Economy - SN:55 - ID:2285521

    The Egyptian Exchange (EGX) witnessed varied performance at the close of trading on Tuesday amid limited operations due to liquidity shortage. The benchmark index EGX 30 upped by 0.17 percent to 9,134.78 points. The broader EGX 70 index of the ....

  • 70 ships cross Suez Canal

    70 ships cross Suez Canal

    Date: 2015-03-31 11:13:23 GMT - Egypt - Economy - SN:20 - ID:2283357

    Seventy ships crossed the Suez Canal Tuesday, carrying a combined cargo of 3.9 million tons. The south-bound convoy included 46 ships carrying 2.572 tons, while the north-bound convoy included 24 ships carrying 1.159 tons. ....

  • China welcomes Egypt's bid to join AIIB

    China welcomes Egypt's bid to join AIIB

    Date: 2015-03-30 18:42:32 GMT - China - Economy - SN:56 - ID:2279545

    China has welcomed Egypt's bid to join the Asian Infrastructure Investment Bank (AIIB) one day before a deadline to join the bank as a founding member. Egypt will become a founding member on April 14, should all existing members approve, ....

  • Egypt bourse indexes up

    Egypt bourse indexes up

    Date: 2015-03-30 18:29:40 GMT - Egypt - Economy - SN:52 - ID:2279449

    The Egyptian Exchange (EGX) indexes closed on Monday up backed by purchases by local institutions and investment funds. The market capital achieved gains worth 3 billion pounds to reach 505.18 billion pounds, after transactions hit 698.3 million ....

  • Egypt auctions T-bonds

    Egypt auctions T-bonds

    Date: 2015-03-30 12:56:40 GMT - Egypt - Economy - SN:36 - ID:2276481

    The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 4 billion. In an online statement, the ministry said it sold EGP 2.25 billion of 5-year and EGP 1.5 million of 10-year. A coupon of 12.599% was offered on the ....

  • 28 vessels transit Suez Canal

    28 vessels transit Suez Canal

    Date: 2015-03-30 10:47:26 GMT - Egypt - Economy - SN:20 - ID:2275021

    Twenty-eight ships crossed the Suez Canal on Monday, carrying a total cargo of 1,632 million tons. The south-bound convoy included 24 ships carrying 1,453 million tons, while the north-bound convoy included four vessels carrying 179,000 tons. ....

  • World Bank says ready to offer financial, technical aid to support reform in Jordan

    World Bank says ready to offer financial, technical aid to support reform in Jordan

    Date: 2015-03-30 10:30:33 GMT - Jordan - Economy - SN:17 - ID:2274841

    The World Bank said it stands fully ready to provide technical and financial aid to support reform in Jordan. This came during a meeting held between Jordanian Planning and International Cooperation Minister Imad Fakhoury and a delegation from ....

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