Economy

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  • EGX index up 0.61%

    EGX index up 0.61%

    Date: 2014-11-18 15:52:23 GMT - Egypt - Economy - SN:39 - ID:1360109

    Egyptian Exchange (EGX) indexes were all up at the close of Tuesday’s trading session backed by purchases by foreign investors. The EGX 30 benchmark index rose 0.61 percent to close at 9,177.81 points. The broader EGX 70 index of the leading ....

  • Minister: 1st quarter of FY 2014/2015 witnessed 6.8 percent growth rate

    Minister: 1st quarter of FY 2014/2015 witnessed 6.8 percent growth rate

    Date: 2014-11-18 15:51:01 GMT - Egypt - Economy - SN:38 - ID:1360097

    Minister of Investment Ashraf Salman said the first quarter of the fiscal year 2014/2015 witnessed a growth rate valued at 6.8 percent while the unemployment recorded 13.1 percent in the same period. During a press conference on Tuesday to ....

  • Trade min. meets IFC official

    Trade min. meets IFC official

    Date: 2014-11-18 14:55:05 GMT - Egypt - Economy - SN:33 - ID:1359617

    Minister of Trade and Industry Munir Fakhry Abdel Nour met on Tuesday with Jin-Yong Cai, the Chief Executive Officer of the International Finance Corporation (IFC) for Middle East and North Africa. They discussed ways of bolstering cooperation ....

  • Egyptian Exchange chairs meetings of Euro-Asian Exchanges Union

    Egyptian Exchange chairs meetings of Euro-Asian Exchanges Union

    Date: 2014-11-18 14:22:38 GMT - Egypt - Economy - SN:26 - ID:1359321

    The Egyptian Stock Exchange will preside over meetings of the general assembly and executive committee of the Euro-Asian Exchanges Union, that will be held in Zagreb, Croatia on November 19-21. According to a statement by the Egyptian Exchange, ....

  • No intention to take IMF loans now -- investment minister

    No intention to take IMF loans now -- investment minister

    Date: 2014-11-17 11:13:54 GMT - Egypt - Economy - SN:49 - ID:1349609

    Egypt does not intend to take loans from the International Monetary Fund, at least not for the time being, the investment minister has said. An IMF delegation is currently in Egypt to get firsthand information about economic reforms in the ....

  • Ministry committed to

    Ministry committed to "environment" regulations in using coal as energy source

    Date: 2014-11-17 11:11:41 GMT - Egypt - Economy - SN:48 - ID:1349585

    Minister of Industry and Trade Munir Fakhri Abdel Nour said the Ministry is committed to the regulations set by the Environment Ministry in the use of coal as a source of energy in cement production. At a press conference held at the Ministry on ....

  • 51 ships cross Suez Canal

    51 ships cross Suez Canal

    Date: 2014-11-17 11:00:36 GMT - Egypt - Economy - SN:46 - ID:1349473

    Fifty-one ships transited the Suez Canal on Monday, carrying a total cargo of over 3.2 million tons. The north-bound convoy included 25 vessels, carrying 1.556 million tons, while the south-bound convoy included 26 ships, carrying 1.466 million ....

  • EGX indexes show mixed performance

    EGX indexes show mixed performance

    Date: 2014-11-16 16:06:47 GMT - Egypt - Economy - SN:37 - ID:1345317

    The Egyptian Exchange (EGX) indexes showed mixed performance on Sunday amid share sales by Egyptian and Arab investors. The market capital lost about 1.5 billion pounds to reach 537.9 billion after transactions worth 472 billion. The main ....

  • 3 Egyptian companies secured 1st place in Arab Quality Award

    3 Egyptian companies secured 1st place in Arab Quality Award

    Date: 2014-11-16 09:21:06 GMT - Egypt - Economy - SN:20 - ID:1341821

    Three Egyptian companies secured the first place in the Arab Quality Award offered by the Arab Organization for Industrial Development and Mining, said Industry and Trade Minister Monier Fakhri Abdel Nour. The companies are Sidi Krir Co. for ....

  • 51 ships cross Suez Canal

    51 ships cross Suez Canal

    Date: 2014-11-15 12:00:20 GMT - Egypt - Economy - SN:23 - ID:1337277

    Fifty-one ships transited the Suez Canal on Saturday, carrying a total cargo of 3.089 million tons. The north-bound convoy included 23 vessels, carrying 1.503 million tons, while the south-bound convoy included 28 ships, carrying 1.586 million ....

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