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Economy
- Service : English
- Category : Economy
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US dollar exchange rate unchanged against EGP
Date: 2015-03-03 17:25:36 GMT - Egypt - Economy - SN:71 - ID:2083781
The exchange rate of the US dollar remained unchanged Tuesday against the Egyptian pound traded on the official market, thanks to the measures adopted by the Central Bank of Egypt (CBE) to wipe out the black market. The buying price of the US ....
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Commerce chamber warns companies against using foreign currencies on local markets
Date: 2015-03-03 16:21:17 GMT - Egypt - Economy - SN:67 - ID:2083333
Ahmed el Wakil, the head of the General Union of Chambers of Commerce, has warned companies operating on the Egyptian market that they should only use Egyptian pound in purchase and sale operations. Companies operating on the Egyptian markets ....
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Egypt ready to train Somali cadres in agriculture domains
Date: 2015-03-03 15:45:31 GMT - Egypt - Economy - SN:56 - ID:2083045
Egypt is ready for training Somali cadres and research centers working in the fields of agriculture, livestock and fisheries. This came during a meeting held on Tuesday between Minister of Agriculture and land reclamation Adel Beltagy and his ....
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EGX indexes show mixed performance
Date: 2015-03-03 15:13:21 GMT - Egypt - Economy - SN:45 - ID:2082761
The Egyptian Exchange (EGX) witnessed varied performance at the close of trading on Tuesday amid purchase operations by local investment institutions and funds and profit-taking operations by foreign and Arab investors. The benchmark index EGX ....
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55 ships crossed Suez Canal
Date: 2015-03-03 12:40:30 GMT - Egypt - Economy - SN:21 - ID:2081177
Fifty-five ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.148 million tons. The south-bound convoy included 39 vessels carrying 1.330 million tons, while the north-bound convoy included 16 ships carrying 818,000 tons. ....
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Egypt mulling new way of tax collection from foreign investors in bourse
Date: 2015-03-02 11:12:37 GMT - United Arab Emirates - Economy - SN:10 - ID:2071861
Egyptian Investment Minister Ashram Salman said the government is mulling changing the way it collects taxes from foreign investors in the Stock Exchange. Now, the Egyptian government takes six percent of foreigners' profits on each bourse ....
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EFG Hermes expects rise in mergers, acquisitions on Egyptian market in 2015
Date: 2015-03-02 11:08:47 GMT - United Arab Emirates - Economy - SN:15 - ID:2072309
EFG Hermes is expecting an increase in merger and acquisition activities as Egypt's economy is becoming more attractive after political and economic changes in the country. Wael Ziada, the head of research at the investment bank, Monday on the ....
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EFG Hermes: Gulf investments influx to Egypt won't be affected by lower oil prices, regional unrest
Date: 2015-03-02 09:27:25 GMT - United Arab Emirates - Economy - SN:7 - ID:2071221
Chief Executive Officer (CEO) of the Financial Group EFG Hermes Karim Awad said the influx of Gulf investments to Egypt in the coming phase will not be affected by regional unrest and the lower oil prices, which have certainly influenced the budgets ....
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Egyptian annual transactions in black market worth $30 billion
Date: 2015-03-02 08:14:04 GMT - United Arab Emirates - Economy - SN:5 - ID:2070529
The volume of the annual financial transactions in the Egyptian market is 60 billion dollars, including 30 billion dollars in the black market, Egyptian Investment Minister Ashraf Salman said. The Central Bank of Egypt should have intervened to ....
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WB takes part with high-profile delegation in Egypt's economic conference
Date: 2015-03-02 07:50:48 GMT - USA - Economy - SN:2 - ID:2070397
The World Bank will take part with high-profile delegation in Egypt's economic conference, due to convene on March 13-15 in the Red Sea resort of Sharm El Sheikh. World Bank Managing Director and Chief Operating Officer Sri Mulyani Indrawati will ....
