Economy

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  • Egyptian economy recovering, says IMF

    Egyptian economy recovering, says IMF

    Date: 2014-11-26 08:47:24 GMT - USA - Economy - SN:22 - ID:1412809

    The International Monetary Fund (IMF) stressed that the Egyptian economy has begun to recover four years after a total economic slowdown. In a report issued at the end of the IMF delegation visit to Egypt, IMF's Midd East and Central Asia ....

  • Sisi welcomes AXA's intention to initiate business in Egyptian market

    Sisi welcomes AXA's intention to initiate business in Egyptian market

    Date: 2014-11-26 08:37:07 GMT - France - Economy - SN:18 - ID:1412685

    President Abdel Fattah El Sisi welcomed on Tuesday French AXA group's intention to start work in Egypt. The president made the remarks during a meeting with AXA's CEO Henri de Castries, presidential spokesman Alla Yusuf said. The boss of AXA ....

  • Egypt, Cyprus, Greece agree on fields of coop.

    Egypt, Cyprus, Greece agree on fields of coop.

    Date: 2014-11-26 08:20:18 GMT - Egypt - Economy - SN:9 - ID:1412513

    Egyptian Minister of Petroleum and Mineral Resources Sherif Ismail and his Cypriot and Greek counterparts discussed on Tuesday means of boosting cooperation in energy field. In a joint statement, the ministers said they held a fruitful ....

  • Petroleum min. meets Cypriot commerce min.

    Petroleum min. meets Cypriot commerce min.

    Date: 2014-11-25 15:14:33 GMT - Egypt - Economy - SN:29 - ID:1409365

    Minister of Petroleum Sherif Ismail met on Tuesday with Cypriot Minister of Commerce, Industry and Tourism Georgios Lakkotrypis in Nicosia. The meeting took up ways of boosting bilateral cooperation in the energy sector, a statement by Egypt's ....

  • 4 UK, German destroyers transit Suez Canal

    4 UK, German destroyers transit Suez Canal

    Date: 2014-11-25 12:50:45 GMT - Egypt - Economy - SN:18 - ID:1407565

    Four British and German destroyers transited the Suez Canal on Tuesday, an official source said. The battleships headed north from the Red Sea to the Mediterranean after a 12-hour journey through the canal, the source added. The vessels were ....

  • Economic growth expected to increase to 4% in FY 2014/15-- Minister

    Economic growth expected to increase to 4% in FY 2014/15-- Minister

    Date: 2014-11-25 12:31:01 GMT - Egypt - Economy - SN:19 - ID:1407597

    International Cooperation Minister Naglaa el-Ahawani has said the economic growth rate is expected to increase to 3.5-4 percent in the 2014/2015 fiscal year. The government is working on bringing down poverty levels, while providing more job ....

  • EFSA: Bourse records 70% gains in 12 months

    EFSA: Bourse records 70% gains in 12 months

    Date: 2014-11-25 06:12:33 GMT - Egypt - Economy - SN:2 - ID:1404117

    The Egyptian Financial Supervisory Authority chairman has said the Egyptian Exchange recorded gains close to 70 percent over 12 months ending in October. Speaking to Al-Arabiya news channel on Monday, Sherif Sami said the newly adopted economic ....

  • 31 ships transit Suez Canal

    31 ships transit Suez Canal

    Date: 2014-11-24 13:43:28 GMT - Egypt - Economy - SN:60 - ID:1400165

    Thirty-one ships transited the Suez Canal on Monday carrying around 1.264 million tons. The south-bound convoy included 10 ships carrying 361,000 tons, while the north-bound convoy included 21 ships carrying 903,000 tons. ....

  • Gov't, private sector agree on future of investments in Egypt - minister

    Gov't, private sector agree on future of investments in Egypt - minister

    Date: 2014-11-24 11:29:57 GMT - Egypt - Economy - SN:46 - ID:1398329

    International Cooperation Minister Naglaa el-Ahwani said the ongoing businessmen and investors conference reflects consensus between the government and the private sector regarding the future of investments in Egypt. In statements during the ....

  • UAE offers Egypt $200 billion to fund micro enterprises

    UAE offers Egypt $200 billion to fund micro enterprises

    Date: 2014-11-24 11:29:26 GMT - Egypt - Economy - SN:44 - ID:1398165

    Prime Minister Ibrahim Mahlab and UAE Minister of State Sultan Ahmed Al Jaber, witnessed the signing of a $200-million deal for funding micro enterprises. The money will be provided through the Khalifa Fund for Enterprise Development and the ....

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