Economy

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  • IMF delegation here to prepare report on Egypt economy – Min.

    IMF delegation here to prepare report on Egypt economy – Min.

    Date: 2014-11-12 18:19:39 GMT - Egypt - Economy - SN:59 - ID:1321869

    Finance Minister Hany Qadry said on Wednesday that an International Monetary Fund (IMF) delegation arrived here to prepare a report on Egypt's economy. "It is the first IMF delegation to visit Egypt since 2010," Qadry said during the cabinet ....

  • EGX down 1.55 pct

    EGX down 1.55 pct

    Date: 2014-11-12 14:22:27 GMT - Egypt - Economy - SN:47 - ID:1320017

    The Egyptian Exchange (EGX) indices went down Wednesday on the backdrop of intensive sales by Egyptian and Arab investors. The market capital hit about 534.3 billion pounds after transactions wroth 765 billion pounds. The EGX 30 benchmark ....

  • Developing Upper Egypt villages project funded by KRCS

    Developing Upper Egypt villages project funded by KRCS

    Date: 2014-11-12 12:52:02 GMT - Egypt - Economy - SN:41 - ID:1318933

    The Egyptian Financial Group EFG-Hermes for social development has signed a memorandum of understanding with the Kuwaiti initiative to support the Egyptian people to fund the project of developing a village in Qus district in Qena province, Upper ....

  • Budget deficit up to EGP 65.8bn during 1st quarter of 2014-15

    Budget deficit up to EGP 65.8bn during 1st quarter of 2014-15

    Date: 2014-11-12 11:22:19 GMT - Egypt - Economy - SN:34 - ID:1317993

    Egypt's budget deficit increased to 65.8 billion pounds in the period between July and September 2014. The budget deficit stood at 59.9 billion in the same period in the last fiscal year, according to a Finance Ministry statement. Budget ....

  • Washington seeking real cooperation with Egypt, says diplomat

    Washington seeking real cooperation with Egypt, says diplomat

    Date: 2014-11-12 09:17:32 GMT - Egypt - Economy - SN:14 - ID:1316581

    The US administration is acting to support the Egyptian economy, said Senior Adviser to the US Secretary of State David Thorne Wednesday. Washington is keen on cooperating with Cairo at all levels, Thorne said, praising positive steps taken by ....

  • Minister: Egypt, France have great opportunities for joint investments in mega projects

    Minister: Egypt, France have great opportunities for joint investments in mega projects

    Date: 2014-11-12 08:34:21 GMT - Egypt - Economy - SN:11 - ID:1316133

    Supply and Internal Trade Dr Khaled Hefni asserted that Egypt and France have good relations in all fields and could join hands in establishing investments in the mega national projects which are currently under construction in Egypt. Addressing ....

  • Egypt, IMF start talks in Cairo

    Egypt, IMF start talks in Cairo

    Date: 2014-11-11 16:22:07 GMT - Egypt - Economy - SN:20 - ID:1311477

    A talking session between the Central Bank of Egypt and the International Monetary Fund started in Cairo on Tuesday. The session, the first in a series of talks on economic reforms in Egypt, focused on steps taken by the government to fix its ....

  • CAEU head calls for comprehensive Arab economic integration

    CAEU head calls for comprehensive Arab economic integration

    Date: 2014-11-11 16:08:21 GMT - Egypt - Economy - SN:45 - ID:1313133

    Secretary-General of the Council of Arab Economic Unity (CAEU) Mohamed al-Rabea has called for a comprehensive Arab economic integration. Speaking at the 42nd meeting of the CAEU in Jordan, al-Rabea said that many countries were moving under a ....

  • Investment min., businessmen discuss challenges facing investors

    Investment min., businessmen discuss challenges facing investors

    Date: 2014-11-11 14:53:44 GMT - Egypt - Economy - SN:40 - ID:1312401

    Minister of investment Ashraf Salman held a meeting on Tuesday with businessmen to discuss ways to overcome challenges facing investors. The participants presented a number of proposals to develop work in the investment zones and industrial ....

  • Trade min., Italian amb. meet over Sisi visit to Italy

    Trade min., Italian amb. meet over Sisi visit to Italy

    Date: 2014-11-11 14:13:01 GMT - Egypt - Economy - SN:36 - ID:1311973

    Minister of Trade and Industry Munir Fakhry Abdel Nour held on Tuesday a meeting with Italian Ambassador to Egypt Maurizio Massari. They discussed preparations for a visit to be paid by President Abdel Fattah El Sisi to Italy this month. They ....

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