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Economy
- Service : English
- Category : Economy
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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 ....
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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. ....
