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Economy
- Service : English
- Category : Economy
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Bourse indexes show varied performance
Date: 2014-10-02 14:44:56 GMT - Egypt - Economy - SN:17 - ID:1058057
The Egyptian Stock Exchange (EGX) indexes showed varied performance at the close of Thursday's trading amid sales by Arab and foreign institutions and investment funds. The capital market gained about 1 billion pounds to hit 529.03 billion ....
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EGP 328M for natural gas delivery in Q1
Date: 2014-10-02 13:53:12 GMT - Egypt - Economy - SN:14 - ID:1057709
Finance Minister Hany Qadry has allocated 328 million pounds to natural gas delivery programs to 146,000 houses during the first quarter of the current financial year. The figures stand against 601,131 housing units that benefited from the ....
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Digging new Suez Canal project costs EGP 30b - minister
Date: 2014-10-02 11:19:47 GMT - Egypt - Economy - SN:8 - ID:1056169
Investment Minister Ashraf Salman said on Thursday that the cost of digging the new Suez Canal project will hit 30 billion pounds. The six tunnels, which will be set up under the newly-launched project, will cost the same, Salman said. He ....
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LE 1.5-billion hotel to be built in Ain Sokhna
Date: 2014-10-01 18:36:49 GMT - Egypt - Economy - SN:61 - ID:1052973
Investment Minister Ashraf Salman witnessed the signing ceremony for establishing a major hotel in the Red Sea resort of Ain Sokhna. The hotel will be built at a cost of 1.5 billion pounds. The deal was signed between the Egyptian General ....
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Bourse indices show mixed performance
Date: 2014-10-01 17:02:05 GMT - Egypt - Economy - SN:56 - ID:1052477
The Egyptian Stock Exchange (EGX) indices showed varied performance at the close of Wednesday's trading. The capital market gained about 1.7 billion pounds to stand at EGP 527.97 billion, amid transactions worth about EGP 528 million. The ....
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Egypt's budget deficit reaches 12.5% of GDP in 2014
Date: 2014-10-01 17:00:50 GMT - Egypt - Economy - SN:55 - ID:1052469
Finance Minister Hany Qadry said on Wednesday the budget deficit of 2013/2014 financial year is set at EGP 252 billion, equivalent to 12.5 percent of the gross domestic product (GDP). He added that the deficit is 3 percent higher than the ....
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Qadry: Fuel distribution by smart cards to cover all Egypt as of January
Date: 2014-10-01 16:50:33 GMT - Egypt - Economy - SN:51 - ID:1052417
Minister of Finance Hany Qadry on Wednesday said that the system of distribution of fuel by smart cards will cover all Egypt as of January next year. At a press conference, he added that the new system will start operation in Port Said by the end ....
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Egypt will pay back Qatari deposit on time
Date: 2014-10-01 15:20:19 GMT - Egypt - Economy - SN:45 - ID:1051905
An official source with the Ministry of Finance said that Egypt will pay back the Qatari deposit, which the Doha government has placed with the Central Bank of Egypt, on time. In press statements, he did not however explain how the deposit will ....
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Exchange gains in September hit 2.4bn pounds
Date: 2014-10-01 12:16:47 GMT - Egypt - Economy - SN:36 - ID:1050341
The Egyptian Exchange made gains during the past month hitting 2.4 billion pounds, bringing the market capital to 526.2 billion pounds compared to 523.8 billion pounds in August, indicated a monthly report by the bourse on Wednesday. Bourse ....
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EDPR offloads 49% French stake
Date: 2014-10-01 09:52:29 GMT - Egypt - Economy - SN:26 - ID:1048793
The private equity arm of Arab investment bank EFG Hermes has acquired a 49% equity shareholding and outstanding shareholders loans in EDPR France for $208m. The bank said the deal, its first beyond the Middle East and Africa, is part of a ....
