Economy

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  • Category : Economy
  • EGP 1.456 trn in total banking deposits in July - CBE

    EGP 1.456 trn in total banking deposits in July - CBE

    Date: 2014-10-02 14:47:55 GMT - Egypt - Economy - SN:19 - ID:1058077

    Total deposits of the banking system, other than the Central Bank of Egypt (CBE), hiked by about 23 billion pounds to reach 1.456 trillion pounds in July against 1.433 trillion pounds in the same period last year, the CBE said in a statement ....

  • Bourse indexes show varied performance

    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 ....

  • EGP 328M for natural gas delivery in Q1

    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 ....

  • Digging new Suez Canal project costs EGP 30b - minister

    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 ....

  • LE 1.5-billion hotel to be built in Ain Sokhna

    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 ....

  • Bourse indices show mixed performance

    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 ....

  • Egypt's budget deficit reaches 12.5% of GDP in 2014

    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 ....

  • Qadry: Fuel distribution by smart cards to cover all Egypt as of January

    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 ....

  • Egypt will pay back Qatari deposit on time

    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 ....

  • Exchange gains in September hit 2.4bn pounds

    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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