Economy

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  • EGX end week at mixed trading

    EGX end week at mixed trading

    Date: 2015-03-12 18:29:21 GMT - Egypt - Economy - SN:30 - ID:2149809

    The Egyptian Exchange (EGX) indices ended the week at mixed trading due to intensive share sales by Arab and Egyptian investors and purchase of foreign institutions and investment funds. The market capital lost 1.3 billion pounds to end trading ....

  • EGX listing committee approves requests of some companies ahead of EEDC

    EGX listing committee approves requests of some companies ahead of EEDC

    Date: 2015-03-11 12:40:17 GMT - Egypt - Economy - SN:22 - ID:2138909

    With the Egyptian Economic Development Conference (EEDC) just around the corner, the listing committee of the Egyptian Exchange (EGX) has been meeting to look into requests to list and increase capitals of a number of companies. For the first ....

  • CIB GDRs in London down

    CIB GDRs in London down

    Date: 2015-03-10 18:15:36 GMT - United Kingdom - Economy - SN:50 - ID:2133901

    The Egyptian global depository receipts (GDRs) of Commercial International Bank (CIB) traded on the London Stock Exchange went down while the other receipts remained unchanged at the close of Tuesday's session. The GDRs of the CIB dropped 0.57 ....

  • Fuel crisis 'feigned' to cause confusion before economic conf.: Minister

    Fuel crisis 'feigned' to cause confusion before economic conf.: Minister

    Date: 2015-03-10 18:06:02 GMT - Egypt - Economy - SN:49 - ID:2133865

    Petroleum Minister Sherif Ismael said on Tuesday that the current fuel crisis is fabricated and aimed at causing confusion before Sharm el Sheikh economic conference. Ismael's remarks came during a meeting of the ministerial economic committee ....

  • Qalaa Holdings to sponsor Egypt’s economic summit

    Qalaa Holdings to sponsor Egypt’s economic summit

    Date: 2015-03-10 17:37:49 GMT - Egypt - Economy - SN:45 - ID:2133641

    Qalaa Holdings will be a participant and sponsor in Egypt’s economic summit this week, the company said Tuesday. The Egypt Economic Development Conference (EEDC), under the theme of “Egypt the Future,” will take place on March 13-15 in the Red ....

  • 66 vessels transit Suez Canal

    66 vessels transit Suez Canal

    Date: 2015-03-10 15:57:42 GMT - Egypt - Economy - SN:35 - ID:2132961

    Sixty-six ships transited the Suez Canal on Tuesday, carrying a total cargo of 4.2 million tons. The south-bound convoy included 33 vessels carrying 2.2 million tons, while the north-bound convoy included 33 ships carrying 2 million tons. ....

  • Egypt owns great economy; government makes courageous reforms - EBRD president

    Egypt owns great economy; government makes courageous reforms - EBRD president

    Date: 2015-03-10 15:54:38 GMT - United Kingdom - Economy - SN:33 - ID:2132933

    President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti on Tuesday praised measures taken by Egypt's Government to reform the national economy. In an interview with MENA in London, Chakrabarti said that Egypt has ....

  • EGX loses EGP 1.3bn

    EGX loses EGP 1.3bn

    Date: 2015-03-10 15:48:26 GMT - Egypt - Economy - SN:31 - ID:2132889

    The Egyptian Exchange (EGX) lost 1.3 billion pounds at the end of Tuesday's trading. The EGX 30 benchmark index dropped by 0.04 percent to close at 9,709.5 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) ....

  • EGX chairman to take part in Mideast financial markets forum in UAE

    EGX chairman to take part in Mideast financial markets forum in UAE

    Date: 2015-03-10 15:01:07 GMT - Egypt - Economy - SN:30 - ID:2132529

    Chairman of the Egyptian Exchange (EGX) Mohamed Omran will be taking part in a forum of Middle East financial markets to kick off in the UAE on Wednesday. Omran will be delivering Egypt's speech at the forum, which will be attended by more than ....

  • Bourse indexes show varied performance

    Bourse indexes show varied performance

    Date: 2015-03-09 18:34:53 GMT - Egypt - Economy - SN:53 - ID:2125825

    The Egyptian Stock Exchange (EGX) indexes showed varied performance at the close of Monday's tradings over anticipation of the Egypt Economic Development Conference (EEDC), which will kick off next Friday. The market capital recorded gains worth ....

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