Economy

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  • 5 banks offer EGP 10bn in loan to petroleum sector

    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 ....

  • Bourse gains 48.6 billion pounds in 3 months

    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 ....

  • Egyptian GDRs in London stable

    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 ....

  • UAE official optimistic about Egypt's economic conference

    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 ....

  • Final draft of unified investment bill to be ready in 3 weeks -- Minister

    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 ....

  • EGX gains EGP 640mn

    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 ....

  • Egypt to pay part of gas companies' dues by end of 2014 – Minister

    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 ....

  • 44 ships transit Suez Canal

    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. ....

  • Egypt auctions T-bonds

    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 ....

  • Egypt bourse indices up, main index jumps 1.84%

    Egypt bourse indices up, main index jumps 1.84%

    Date: 2014-09-29 13:39:06 GMT - Egypt - Economy - SN:55 - ID:1036765

    The Egyptian Exchange made gains at the close of Monday's trading session backed by purchases of local investors and institutions and investment funds. The market capital achieved gains worth EGP 2.5 billion to reach EGP 525.5 billion after ....

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