ar
en
fr
Economy
- Service : English
- Category : Economy
-
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 ....
-
Gov't sets plan to decrease budget deficit to 5 instead of 10 % - minister
Date: 2015-02-23 16:30:32 GMT - Egypt - Economy - SN:65 - ID:2028441
Investment Minister Ashraf Salman said that the Egyptian government has a comprehensive program for economic reform which includes decreasing budget deficit to reach 5 percent instead of 10. The minister's remark came during his speech in the ....
-
Bourse gains EGP 3.9bn, index up 1.2 pct
Date: 2015-02-23 16:22:24 GMT - Egypt - Economy - SN:60 - ID:2028377
Egypt's bourse indices recorded collective gains at the end of Monday's trading, backed by announcement of Orascom Telecom Media and Technology (OTMT) to sell all shares in the Egyptian Company for Mobile Services, which runs the Mobinil brand to ....
-
Siemens Middle East pledges to increase its investments in Egypt, partake in economic conf.
Date: 2015-02-23 13:38:18 GMT - Egypt - Economy - SN:50 - ID:2026589
Prime Minister Ibrahim Mahlab met on Monday with the regional president of Siemens Middle East, head of the power stations construction department at the company and head of the Canadian solar power company Skypower, said. During the meeting, ....
-
Industry minister proposes developing regulatory statute of waste management body
Date: 2015-02-23 11:42:11 GMT - Egypt - Economy - SN:21 - ID:2024165
Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour on Monday said a meeting, of the technical secretariat of a ministerial committee assigned with discussing alternatives to develop the regulatory statute of a waste management body, ....
-
41 vessels transit Suez Canal
Date: 2015-02-23 10:38:04 GMT - Egypt - Economy - SN:28 - ID:2024629
Forty-one ships crossed the Suez Canal on Monday, carrying a total cargo of 2.851 million tons. The south-bound convoy included 21 ships carrying 1.4373 million tons, while the north-bound convoy included 20 vessels carrying 1.478 million tons. ....
-
Economic summit to be launch pad for new chapter in national economy - CEO of EFG Hermes
Date: 2015-02-23 10:35:17 GMT - Egypt - Economy - SN:26 - ID:2024597
The economic summit which will be held in Sharm el Sheikh mid March will be a launch pad for a new chapter in Egypt's economy, said CEO of EFG Hermes Group Karim Awad. In statements to MENA, the CEO of one of the most leading investment banks in ....
-
Orange buys-out Orascom’s participation and rights in Mobinil (ECMS)
Date: 2015-02-23 09:47:27 GMT - Egypt - Economy - SN:18 - ID:2024073
Orange and Orascom Telecom Media and Technology (OTMT) have agreed that Orange will purchase all the shares and voting rights held directly or indirectly by OTMT in the Egyptian Company for Mobile Services (ECMS). ECMS is a company listed on the ....
-
Big bids at EGX to lure investors -- Official
Date: 2015-02-23 09:38:04 GMT - Egypt - Economy - SN:16 - ID:2023945
After years of lame offers, the Egyptian Exchange (EGX) is finally getting big bids that will sure lure more local, Arab and foreign investments, the CEO of EFG Hermes has said. The Arabian Cement Company (ACC) made the first big bid mid 2014, ....
-
World's biggest cargo ship crosses Suez Canal
Date: 2015-02-23 07:57:59 GMT - Egypt - Economy - SN:10 - ID:2023209
The world's biggest cargo ship transited the Suez Canal Monday, coming from Indonesia en route to the Port of Rotterdam in the Netherlands. The container ship was hoisting the flag of Panama, a source with the Suez Canal Authority told ....
