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Economy
- Service : English
- Category : Economy
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Egypt working on bankruptcy law -- Minister
Date: 2014-10-14 14:30:46 GMT - Egypt - Economy - SN:47 - ID:1124529
Egypt is now working on its own bankruptcy law which is meant to expand small- and medium-sized enterprises in the country. Mounir Fakhry Abdel-Nour, the Trade and Industry Minister, said Tuesday that activating this law would encourage owners of ....
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Exchange maintains downward trend for third session running
Date: 2014-10-14 13:55:10 GMT - Egypt - Economy - SN:41 - ID:1124081
The Egyptian Exchange (EGX) on Tuesday maintained its downward trend for the third session running on the backdrop of sluggish international money market performance. Capital market lost around nine billion pounds, bringing the total losses to 25 ....
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EGX loses EGP 6.6bn
Date: 2014-10-14 12:27:04 GMT - Egypt - Economy - SN:23 - ID:1123073
The Egyptian Exchange (EGX) indices went down Tuesday on the backdrop of intensive sales by Egyptian and Arab investors. The market capital lost about 6.6 billion pounds. The EGX 30 benchmark index drew back by 2.25 percent to reach 8,910.61 ....
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Egypt foreign debt hits $46.1 bn in June - CBE
Date: 2014-10-14 12:19:22 GMT - Egypt - Economy - SN:20 - ID:1122997
Egypt's foreign debts increased by $2.9 billion to reach $46.1 billion in June 2014 compared to 43,2 billion dollars in June 2013, the Central Bank of Egypt (CBE) revealed on Tuesday. The external debt to the gross domestic product recorded 16.5% ....
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French economist wins Nobel Prize
Date: 2014-10-13 12:42:23 GMT - Sweden - Economy - SN:59 - ID:1115785
French economist Jean Tirole has won the Nobel Prize in economics for his work on market power and regulation, the BBC reported. The prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was set up ....
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IDB to participate in economic conf. in Cairo next Feb.
Date: 2014-10-13 09:44:00 GMT - USA - Economy - SN:20 - ID:1113709
The Islamic Development Bank will take part in an economic conference to take place in Egypt in February, the IDB president has said. The IDB will strongly and effectively participate in the conference, Ahmed Mohamed Ali told MENA. Ali said he ....
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Diplomatic missions in 28 states exempted from daily limit of withdrawal from banks - CBE
Date: 2014-10-12 15:25:40 GMT - Egypt - Economy - SN:30 - ID:1109781
Twenty-eight diplomatic missions have been exempted from the daily limit of withdrawal from banks, the Central Bank of Egypt said on Sunday. The decision includes several Arab, foreign and African countries. The CBE said the payee should be ....
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EGX slides down losing 9bln pounds due to slumping world stock markets
Date: 2014-10-12 10:57:11 GMT - Egypt - Economy - SN:21 - ID:1107209
The Egyptian Exchange (EGX) indexes plunged during mid-day trading on Sunday due to a sharp decline in world stock markets over concerns about a looming economic crisis. The market capital lost 9 billion pounds to reach 516 billion pounds, amid ....
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Beheira governor discusses establishing factory to produce paper pulp
Date: 2014-10-11 18:17:31 GMT - Egypt - Economy - SN:42 - ID:1103777
Beheira Governor Mostafa Hadhoud discussed on Saturday with a businessmen delegation steps to establish a factory to transform rice straw into paper pulp used in producing papers at a cost of a half billion pounds. "The project is eco-friendly ....
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Abdel Nour embarks on visit to Kazakhstan next week
Date: 2014-10-11 11:19:34 GMT - Egypt - Economy - SN:33 - ID:1101149
Minister of Industry and Trade Munir Fakhri Abdel Nour will embark next week on a visit to Kazakhstan that aims at bolstering joint trade and economic relations. A statement released on Saturday by the Ministry said Abdel Nour will meet with ....
