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Economy
- Service : English
- Category : Economy
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Egypt, Kenya to sign trade agreement Wednesday
Date: 2015-01-13 15:53:11 GMT - Kenya - Economy - SN:45 - ID:1735285
Egypt and Kenya will Wednesday sign a framework agreement to establish a joint trade committee, Trade and Industry Minister Mounir Fakhri Abdel Nour has said. The committee should convene every six months to assess the trade situation and remove ....
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EMPC plans to repay all NBE loans by end of 2015
Date: 2015-01-13 12:35:44 GMT - Egypt - Economy - SN:22 - ID:1733241
The Egyptian Media Production City Co.(EMPC) has resumed the repayment of loans to the National Bank of Egypt (NBE). EMPC plans to finish the repayment by end of 2015, it said in a statement sent to the Egyptian Exchange Tuesday. The firm said ....
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Egypt bourse gains EGP 5bn, index up 2.24 pct
Date: 2015-01-12 14:42:36 GMT - Egypt - Economy - SN:64 - ID:1726557
The Egyptian Exchange (EGX) rebounded at the close of Monday's trading, backed by purchases of institutions and Arab and foreign investment funds. The market capital achieved gains worth about 5 billion pounds to reach 501.5 billion pounds, ....
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Kellogg Company acquires majority stake in Bisco Misr
Date: 2015-01-12 12:48:34 GMT - Egypt - Economy - SN:55 - ID:1725365
The US-based Kellogg Co., world's largest cereal maker, said that it has secured an 85.93% stake in Bisco Misr. Kellogg offered 89.86 pounds per share for a stake in the snack-maker. The public Mandatory Tender Offer process started three ....
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Industry minister, Kenyan officials confer on efforts to double trade exchange
Date: 2015-01-12 10:52:23 GMT - Kenya - Economy - SN:31 - ID:1723861
In a meeting with Kenyan officials Monday, Industry and Trade Minister Mounir Fakhri Abdel Nour discussed ways to double the volume of trade exchange to reach one billion dollars in two years. The current volume of trade exchange stands at 500 ....
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More than 4mn tourists visit Red Sea resorts in 2014
Date: 2015-01-12 10:25:39 GMT - Egypt - Economy - SN:24 - ID:1723593
Some 4.126 million tourists visited Red Sea resorts in 2014, a report by the information center at the city hall said Monday. In 2013, about 3.255 million tourists visited 255 Red Sea resorts and hotels in Hurghada, Safaga, Qussair and Marsa ....
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Egyptian cotton exports exceed 22,000 tons
Date: 2015-01-12 09:46:04 GMT - Egypt - Economy - SN:19 - ID:1723201
The total exports of Egyptian cotton to different countries around the world reached 22,427 tons. India, Pakistan, China, Italy, Turkey and the UAE come on top of states importing cotton from Egypt. ....
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All bourse indexes down
Date: 2015-01-11 17:29:08 GMT - Egypt - Economy - SN:40 - ID:1719921
The Egyptian Exchange closed on Sunday with losses amounting to EGP 2.3 billion and its indexes were all down due to share sales by foreign and Arab investors. The capital market declined to EGP 496.3 billion after transactions hit EGP 215.8 ....
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Govt sends 42 investment projects to banks for study – min.
Date: 2015-01-11 12:20:02 GMT - Egypt - Economy - SN:34 - ID:1717265
Forty-two large investment projects were sent to investment banks for study in order to be floated at the economic conference Sharm El Sheikh will be hosting in March, Investment Minister Ashraf Salman said. The government has invited 120 ....
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WB to fund five-billion-dollar projects in Egypt, region - official
Date: 2015-01-11 12:11:40 GMT - Egypt - Economy - SN:31 - ID:1717181
The World Bank plans to finance five-billion-dollar projects in Egypt and the region to help boost economy and fight poverty, the director of WB projects in the Middle East said. Within the coming period, the bank will help a number of Arab ....
