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Economy
- Service : English
- Category : Economy
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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 ....
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Egypt's bourse loses EGP 1.3 bn in four sessions
Date: 2015-01-09 11:36:34 GMT - Egypt - Economy - SN:13 - ID:1705217
The Egyptian Exchange closed the last week with losses of EGP 1.3 billion. The last week's sessions were limited to only four sessions over the Christmas holiday. The capital market declined to EGP 498.7 billion, 3 percent less than the ....
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Egypt bourse gains EGP 5 bn
Date: 2015-01-08 15:26:20 GMT - Egypt - Economy - SN:31 - ID:1701281
The Egyptian Exchange (EGX) closed on Thursday with gains backed by strong share purchases by Arab and local investors. The market capital achieved gains worth EGP 5 billion to reach EGP 498.7 billion, after transactions hit EGP 1.1 billion. ....
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EGX loses EGP 9.5bn
Date: 2015-01-06 15:06:40 GMT - Egypt - Economy - SN:34 - ID:1686969
The Egyptian Exchange (EGX) lost some 9.5 billion pounds at the end of trading Tuesday on the back of intensive sales by Egyptian investment funds and Arab individuals. The main benchmark EGX 30 index went down by 2.35 percent, reaching 8,798.94 ....
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Steel production should be raised to fulfill needs – min.
Date: 2015-01-04 16:38:25 GMT - Egypt - Economy - SN:45 - ID:1673053
Iron and steel are a strategic industry that its production should be raised to fulfill the needs of the Egyptian market, Investment Minister Ashraf Salman said. The iron and steel industry should be given special attention in light of the ....
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State no longer to support Egyptian cotton – min.
Date: 2015-01-04 12:11:26 GMT - Egypt - Economy - SN:30 - ID:1671017
The state will no longer support cotton farmers in the coming cultivation season, Agriculture Minister Adel el-Beltagy said. Farmers willing to cultivate cotton have to be sure first that they will be able to sell it as the state will no longer ....
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Egypt pays 28% of arrears to Dana Gas
Date: 2015-01-04 12:05:09 GMT - Egypt - Economy - SN:28 - ID:1670929
The UAE's Dana Gas Company said it has received from the Egyptian government a payment of US$ 60 million (AED 220 million) or 28% of the total overdue receivables of US$ 212 million (AED 778 million). In a statement, Dana Gas said the payment ....
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Budget deficit rises to EGP 107.9 billions in November
Date: 2015-01-03 12:33:11 GMT - Egypt - Economy - SN:19 - ID:1665829
Budget deficit rose to EGP 107.9 billions, or 4.6 percent of forecasted for this fiscal from July to November, the Ministry of Finance said Saturday. In its monthly report, the ministry said the latest increase in the budget deficit came compared ....
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Supply minister, Othaim group confer on establishing mutual projects
Date: 2015-01-03 11:07:41 GMT - Egypt - Economy - SN:15 - ID:1665281
Minister of Supply Khaled Hanafi conferred with the Saudi group of Al Othaim Holding on establishing mutual projects. The group offered establishing commercial zones and logistics centers for food supplies and retail markets. This comes as ....
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Egyptians expect better economic conditions in 2015- IDSC
Date: 2015-01-03 11:02:27 GMT - Egypt - Economy - SN:12 - ID:1665245
The Egyptian people expect an improvement in economic conditions during 2015, the Information and Decision Support Center (IDSC) revealed Saturday. In its release of the consumer confidence index on the economic performance in January, the IDSC ....
