Economy
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Egypt bourse loses EGP 1.9bn
Date: 2015-03-01 15:17:26 GMT - Egypt - Economy - SN:36 - ID:2067481
The Egyptian Exchange (EGX) indices shut on Sunday's session collectively down over sales by Arab and foreign institutions and investment funds. The market capital lost about 1.9 billion pounds to hit 509.2 billion pounds, after transactions ....
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US dollar exchange rate unchanged today against EGP
Date: 2015-03-01 14:29:43 GMT - Egypt - Economy - SN:30 - ID:2067109
The exchange rate of the US dollar remained unchanged Sunday against the Egyptian pound traded on the official market. The buying price of the US dollar stood at 7.63 pounds, while the selling price reached 7.6301 pounds. The Central Bank of ....
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Italian companies seek to invest in Egypt
Date: 2015-02-28 11:31:51 GMT - Italy - Economy - SN:35 - ID:2059381
Egypt's Consul General in Milani Ambassador Ali al Halawani said Minister of Investment Ashraf Salman reviewed investment potentials in Egypt at a conference he held during his visit to Italy. In statements on Saturday, the Egyptian ....
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Supply minister meets Japan's Hitachi officials
Date: 2015-02-28 09:30:07 GMT - Egypt - Economy - SN:22 - ID:2058405
Supply Minister Khaled Hanafy met on Saturday with the visiting president of Tokyo-based Hitachi company and its executive director. During the meeting, the minister discussed with the two Japanese officials ways to establish global logistics ....
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IMF chief to attend Egypt economic conf. in March
Date: 2015-02-28 07:51:12 GMT - USA - Economy - SN:4 - ID:2057517
Managing Director of the International Monetary Fund (IMF) Christine Lagarde will participate in Egypt's economic conference on March 13-15, an IMF spokesperson has said. Earlier, Director of the IMF's Middle East and Central Asia Department ....
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Egypt's bourse loses EGP 15.6bn in Feb
Date: 2015-02-27 09:28:15 GMT - Egypt - Economy - SN:8 - ID:2053193
The Egyptian bourse lost EGP 15.6 billion during February trading, The market capital plunged by around 3 percent to reach EGP 511.1 billion compared to 526.7 billions in January. All major and secondary indices declined as the EGX 30 benchmark ....
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CBE keeps interest rates unchanged
Date: 2015-02-26 19:25:34 GMT - Egypt - Economy - SN:21 - ID:2051241
The Monetary Policy Committee at the Central Bank of Egypt (CBE) has kept the overnight interest rate unchanged. The rate is kept at 8.75 percent for deposit and 9.75 percent for lending, the CBE said in a statement on Thursday. ....
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Egypt bourse loses EGP 6.4bn
Date: 2015-02-25 14:16:04 GMT - Egypt - Economy - SN:30 - ID:2041965
The Egyptian Exchange (EGX) indices shut on Wednesday's session collectively down amid heavy sells by local and Arab investors in preparation for the economic summit in Sharm El Sheikh in March. The market capital lost about 6.4 billion pounds to ....
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EGX indexes show mixed performance
Date: 2015-02-24 15:30:31 GMT - Egypt - Economy - SN:35 - ID:2035401
The Egyptian Exchange (EGX) witnessed varied performance at the close of trading on Tuesday. The market capital lost some 1.9 billion pounds to hit 517.3 billion. The benchmark index EGX 30 upped by retreated 0.11 percent to 6,911.66 ....
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Afreximbank to provide Egypt with $500 million, says minister
Date: 2015-02-24 15:11:02 GMT - Egypt - Economy - SN:31 - ID:2035261
Minister of Trade and Industry Mounir Fakhry Abdel Nour said on Tuesday that the African Export-Import Bank (Afreximbank) will provide Egypt with 500 million dollars to facilitate the movement of trade between Egypt and 37 African ....