Economy

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  • Egypt bourse loses EGP 1.9bn

    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 ....

  • US dollar exchange rate unchanged today against EGP

    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 ....

  • Italian companies seek to invest in Egypt

    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 ....

  • Supply minister meets Japan's Hitachi officials

    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 ....

  • IMF chief to attend Egypt economic conf. in March

    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 ....

  • Egypt's bourse loses EGP 15.6bn in Feb

    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 ....

  • CBE keeps interest rates unchanged

    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. ....

  • Egypt bourse loses EGP 6.4bn

    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 ....

  • EGX indexes show mixed performance

    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 ....

  • Afreximbank to provide Egypt with $500 million, says minister

    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 ....

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