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Economy
- Service : English
- Category : Economy
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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 ....
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5 banks offer EGP 10bn in loan to petroleum sector
Date: 2014-10-01 08:52:10 GMT - Egypt - Economy - SN:24 - ID:1048197
Five banks in Egypt will offer a 10-billion-pound loan to the petroleum sector to help it pay its debt. As of Wednesday, the National Bank of Egypt, Banque Misr, the Commercial International Bank, the Arab African International Bank and Qatar ....
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Bourse gains 48.6 billion pounds in 3 months
Date: 2014-10-01 08:48:31 GMT - Egypt - Economy - SN:23 - ID:1048145
The Egyptian Exchange made gains during the third quarter of 2014 that hit 477.6 billion pounds, bringing market capital to 526.2 billion pounds compared to 477.6 billion pounds in the previous quarter, according to a report by the bourse on ....
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Egyptian GDRs in London stable
Date: 2014-09-30 18:14:39 GMT - United Kingdom - Economy - SN:53 - ID:1045965
The Egyptian global depository receipts (GDRs) in the London Stock Exchange showed stable performance at the close of Tuesday's trading. The GDRs of the Commercial International Bank (CIB) increased by 0.08 percent. Meantime, the GDRs of EFG ....
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UAE official optimistic about Egypt's economic conference
Date: 2014-09-30 15:31:03 GMT - Egypt - Economy - SN:43 - ID:1045085
UAE State Minister Sultan al-Jaber said on Tuesday he is optimistic that Egypt's economic conference would be a success. Jaber said that President Abdel Fattah El Sisi's recent visit to the US heralded the beginning of a success story that should ....
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Final draft of unified investment bill to be ready in 3 weeks -- Minister
Date: 2014-09-30 14:38:26 GMT - Egypt - Economy - SN:40 - ID:1044565
A final draft of the unified investment bill will be over in as early as three weeks, the investment minister has said. The final draft should be reviewed in a meeting of the economic group for ratification, said Ashraf Salman in statements on ....
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EGX gains EGP 640mn
Date: 2014-09-30 14:31:07 GMT - Egypt - Economy - SN:35 - ID:1044485
The Egyptian Exchange made gains at the close of Tuesday's trading session backed by purchases of leading shares by Egyptian and Arab investors. The market capital achieved gains worth 640 million pounds to reach 526.2 billion after transactions ....
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Egypt to pay part of gas companies' dues by end of 2014 – Minister
Date: 2014-09-30 14:10:57 GMT - Egypt - Economy - SN:32 - ID:1044349
The Egyptian government will pay a large part of the dues of the foreign oil and gas companies working here before the end of this year, Investment Minister Ashraf Salman said on Tuesday. In his speech before a conference on Egypt's economic ....
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44 ships transit Suez Canal
Date: 2014-09-30 13:53:20 GMT - Egypt - Economy - SN:28 - ID:1044185
Forty-four ships transited the Suez Canal on Tuesday carrying around 2.5 million tons. The south-bound convoy included 23 ships carrying 1.4 million tons, while the north-bound convoy included another 21 ships carrying 1.1 million tons. ....
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Egypt auctions T-bonds
Date: 2014-09-29 15:30:21 GMT - Egypt - Economy - SN:58 - ID:1037697
The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 4 billion. In an online statement, the ministry said it sold EGP 2.25 billion of 3-year, EGP 750 million of 7-year and EGP 1 billion of zero-coupon treasury ....
