Economy

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  • Category : Economy
  • Egypt bourse bounces back, index up 1.34 pct

    Egypt bourse bounces back, index up 1.34 pct

    Date: 2014-12-15 17:11:07 GMT - Egypt - Economy - SN:42 - ID:1544577

    The Egyptian Exchange (EGX) indices rebounded on Monday, backed by the rebound of Gulf bourse. The market capital managed to make up for yesterday's losses to close today at 492.6 billion pounds, after transactions hit 823 million pounds. ....

  • 28.2% rise in treatment at state's expense in Nov: IDSC

    28.2% rise in treatment at state's expense in Nov: IDSC

    Date: 2014-12-15 09:01:25 GMT - Egypt - Economy - SN:16 - ID:1539825

    Treatment at the state expense in Egypt increased by 28.2% in November reaching to 327.8 million pounds in comparison to 255.6 million pounds in October, Information and Decision Support Center (IDSC) said in a social and economic report. The ....

  • EFSA successfully solves 90% of investors' problems -- Official

    EFSA successfully solves 90% of investors' problems -- Official

    Date: 2014-12-15 08:51:48 GMT - Egypt - Economy - SN:9 - ID:1539381

    The Egyptian Financial Supervisory Authority has in one year managed to solve more than 90 percent of pending problems of investors, especially those involving the capital market, EFSA vice chairman Khaled el-Nashar has said. EFSA has submitted ....

  • Egypt bourse plagued by 4th largest ever loss

    Egypt bourse plagued by 4th largest ever loss

    Date: 2014-12-14 19:10:28 GMT - Egypt - Economy - SN:43 - ID:1537749

    The Egyptian Exchange closed on Sunday with heavy losses amounting to EGP 21.3 billion, the fourth largest daily loss in its history and second in two years, due to random and intensive share sales by local and foreign investment funds and Arab ....

  • EFSA: Major Arab, Foreign companies set to invest in insurance market

    EFSA: Major Arab, Foreign companies set to invest in insurance market

    Date: 2014-12-14 19:07:35 GMT - Egypt - Economy - SN:41 - ID:1537733

    Head of the Egyptian Financial Supervisory Agency (EFSA) Sherif Samy unveiled on Sunday that the EFSA received many requests from major global and Arab Gulf companies to invest in the Egyptian insurance market. They took that step to make good ....

  • Direct-order land allocation law to be approved within 2 weeks - minister

    Direct-order land allocation law to be approved within 2 weeks - minister

    Date: 2014-12-14 12:29:45 GMT - Egypt - Economy - SN:18 - ID:1533077

    Within two weeks, the Egyptian presidency will approve a law allowing the Industrial Development Authority (IDA) to allocate industrial lands through direct order as part of government efforts to speed up licensing procedures, said Investment ....

  • IDSC: Egypt's natural gas exports drop 77.71 percent in October

    IDSC: Egypt's natural gas exports drop 77.71 percent in October

    Date: 2014-12-14 12:25:00 GMT - Egypt - Economy - SN:29 - ID:1534873

    Egyptian natural gas exports saw a 77.71% drop to dlrs 25.6 million in October 2014, down from dlrs 115 million in the corresponding month a year earlier, according to a report by the cabinet information and decision support center ....

  • Agriculture min. asserts importance of using flood water for agriculture

    Agriculture min. asserts importance of using flood water for agriculture

    Date: 2014-12-14 11:12:32 GMT - Egypt - Economy - SN:26 - ID:1534157

    Minister of Agriculture and Land Reclamation Adel el-Beltagui asserted the importance of benefiting from the torrential rain water for agricultural purposes. This came during a meeting Sunday with Minister of Local Development Adel Labib on ....

  • Industry minister: Gov't keen on luring investments in automobile industry

    Industry minister: Gov't keen on luring investments in automobile industry

    Date: 2014-12-14 10:26:35 GMT - Egypt - Economy - SN:22 - ID:1533589

    Minister of Industry and Trade Munir Fakhri Abdel Nour asserted that the government is keen on providing incentives to lure investments into the automobile industry to produce 100,000 cars per year to compete with the European market that will enjoy ....

  • Bourse loses 8.5 billion pounds

    Bourse loses 8.5 billion pounds

    Date: 2014-12-14 09:22:52 GMT - Egypt - Economy - SN:15 - ID:1532837

    The Egyptian Exchange began trading this week with losses amounting to EGP 8.5 billion pounds prompted by a sharp decline in Arab and world money markets. The capital market declined to EGP 499.5 billion. The bourse administration was forced ....

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