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Economy
- Service : English
- Category : Economy
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Value of US dollar remains unchanged against Egyptian pound
Date: 2015-02-04 16:10:08 GMT - Egypt - Economy - SN:53 - ID:1896093
The exchange rate of the US dollar remained unchanged Wednesday against the Egyptian pound traded on the official market. The value of the Egyptian pound has been depreciating against the dollar over the past two weeks. The buying price of the ....
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EGX gains EGP 2.4bn
Date: 2015-02-04 16:06:22 GMT - Egypt - Economy - SN:52 - ID:1896057
The Egyptian Exchange (EGX) gained 2.4 billion pounds at the end of Wednesday's trading on the back of purchases by Egyptian investment funds and Arab individuals. The EGX 30 benchmark index leapfrogged by 0.92 percent to close at 10,046.93 ....
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Cabinet okays World Bank loan
Date: 2015-02-04 12:48:58 GMT - Egypt - Economy - SN:45 - ID:1894137
The Cabinet decided on Wednesday to start procedures to obtain a USD 400-million loan from the World Bank. The loan is to finance the cash support program and systems of social safety nets that target 500,000 impoverished families in six ....
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Suez Canal fixes vessels transit fees
Date: 2015-02-04 12:45:49 GMT - Egypt - Economy - SN:44 - ID:1894121
Transit fees for vessels passing through the Suez Canal will remain unchanged during 2015, said Head of the Suez Canal Authority Mohab Mamish on Wednesday. He added that the discount granted to liquefied natural gas carriers would be 25 percent ....
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Egyptian customs to meet int'l standards, says finance minister
Date: 2015-02-03 17:17:42 GMT - Egypt - Economy - SN:65 - ID:1888221
Minister of Finance Hany Kadry Dimian has said Egyptian customs will meet international standards adopted by World Customs Organization (WCO) to facilitate trade exchange and combat smuggling. During a meeting with WCO Secretary General Kunio ....
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Egypt buys 300,000 tons of French, Romanian wheat
Date: 2015-02-03 16:44:07 GMT - Egypt - Economy - SN:61 - ID:1888037
The General Authority for Supply Commodities signed Tuesday a contract to buy 300 thousand tons of French and Romanian wheat at $ 236.25 per ton. The governmental body signed the contract on behalf of the Ministry of Supply and Home Trade. The ....
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EFSA grants first micro-finance license to company
Date: 2015-02-03 16:04:20 GMT - Egypt - Economy - SN:56 - ID:1887721
The Egyptian Financial Supervisory Authority (EFSA) has agreed to grant a micro-finance license to a company under a new law that allows firms to practice such activity. The Microfinance Enterprise Services Company, or Reefy, will be the first ....
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EGX indexes up at end of trading
Date: 2015-02-03 14:26:06 GMT - Egypt - Economy - SN:40 - ID:1886697
The Egyptian Exchange (EGX) indexes went up at the end of Tuesday's trading on the back of purchases by Arab and foreign individuals. The EGX 30 benchmark index leapfrogged by 1.26 percent to close at 9,954.34 points. The broader EGX 70 index ....
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EGP 415 bln needed to achieve 3.8 pct development rate
Date: 2015-02-02 13:29:58 GMT - Kuwait - Economy - SN:43 - ID:1878997
Minister of Investment Ashraf Salman has said Egypt needs 415 billion pounds in local and foreign investments to achieve a development rate of 3.8 pct in the current financial year. The government has only 58 billion pounds of the needed sum for ....
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Investment law to be endorsed before economic summit -- Minister
Date: 2015-02-02 10:34:52 GMT - Kuwait - Economy - SN:27 - ID:1877149
A law on investment will be endorsed before Egypt's economic summit in March, said Investment Minister Ashraf Salman Monday. Salman, who is accompanying Prime Minister Ibrahim Mahlab on a visit to Kuwait, is set to meet with the chairman of the ....
