Economy

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  • Bourse indices show mixed performance

    Bourse indices show mixed performance

    Date: 2014-09-25 16:07:41 GMT - Egypt - Economy - SN:24 - ID:1013693

    The Egyptian Stock Exchange (EGX) indices showed varied Performance at the close of Thursday's trading. The capital market lost about EGP 350 million to end week-long trading at 524.49 billion pounds, amid transactions which reached about EGP 548 ....

  • FDIs hit $4.1b in 2013/14: CBE

    FDIs hit $4.1b in 2013/14: CBE

    Date: 2014-09-25 15:58:10 GMT - Egypt - Economy - SN:21 - ID:1013629

    Egypt's foreign direct investments (FDIs) for the fiscal year 2013-2014 have hit USD 4.1 billion, the Central Bank of Egypt (CBE) has said. The FDIs hike was due to the large capital inflow in the oil sector that reached USD 1.6 billion, the CBE ....

  • Egyptian tourism min. resumes meetings in France to support cultural tourism

    Egyptian tourism min. resumes meetings in France to support cultural tourism

    Date: 2014-09-24 17:02:12 GMT - Egypt - Economy - SN:63 - ID:1006657

    Tourism Minister Hisham Zazou resumed meetings in Paris to promote Egyptian cultural tourism. This comes as part of his European tour also including Italy and Germany. Zazou took part in IFTM Top Resa currently held in Paris. Ten Egyptian ....

  • EGX loses EGP 1.25bn

    EGX loses EGP 1.25bn

    Date: 2014-09-24 14:55:05 GMT - Egypt - Economy - SN:54 - ID:1005565

    The Egyptian Exchange (EGX) lost 1.25 billion pounds at the end of trading Wednesday on the back of selling operations by Egyptian institutions and funds. The EGX 30 benchmark index declined by 0.42 percent to reach 9,718.75 points. The EGX 70 ....

  • Tourist arrivals to Egypt up in July: CAPMAS

    Tourist arrivals to Egypt up in July: CAPMAS

    Date: 2014-09-24 10:59:18 GMT - Egypt - Economy - SN:41 - ID:1003253

    Egypt received almost 886,000 tourists in July, 15.8 percent more than the same period in 2013. The tourists came mainly from Eastern Europe, making up 46.7 percent of the total influx in July, according to a report by the Central Agency for ....

  • Egypt, Jordan to cooperate in nuclear energy

    Egypt, Jordan to cooperate in nuclear energy

    Date: 2014-09-24 07:16:40 GMT - Austria - Economy - SN:17 - ID:1001233

    Egypt and Jordan agreed to cooperate in the nuclear energy domain during their meeting on the sidelines of the general conference of the International Atomic Energy Agency here, a Jordanian energy official said on Wednesday. Khaled Toukan, head ....

  • Egypt bourse gains EGP 1.35 bn, all indexes up

    Egypt bourse gains EGP 1.35 bn, all indexes up

    Date: 2014-09-23 13:43:17 GMT - Egypt - Economy - SN:38 - ID:997589

    The Egyptian Exchange made gains at the close of Tuesday’s trading session backed by purchases of local and Arab investors. The market capital achieved gains worth EGP 1.35 billion to reach EGP 526 billion after transactions hit EGP 563 ....

  • Legislation reform panel receives draft investment law this week: PM

    Legislation reform panel receives draft investment law this week: PM

    Date: 2014-09-23 13:41:08 GMT - Egypt - Economy - SN:37 - ID:997573

    Prime Minister Ibrahim Mahlab said on Tuesday a draft investment law would be handed over to the legislation reform panel this week. Following a meeting with the panel, the premier told reporters that the meeting discussed speeding up issuance of ....

  • Egypt banks to allocate 2% of net profits for societal projects

    Egypt banks to allocate 2% of net profits for societal projects

    Date: 2014-09-23 12:28:00 GMT - Egypt - Economy - SN:26 - ID:996853

    Chairman of the Federation of Egyptian Banks Hisham Ezz el-Arab has launched an initiative by which all banks operating in Egypt, including foreign banks, will allocate 2 percent of their net profits for societal projects. Addressing a forum ....

  • Bourse indexes show mixed performance

    Bourse indexes show mixed performance

    Date: 2014-09-22 13:46:24 GMT - Egypt - Economy - SN:62 - ID:990153

    The Egyptian Stock Exchange (EGX) indexes showed varied performance at the close of Monday's trading. The capital market lost about 470 million pounds to hit 524.7 billion pounds, amid transactions which reached about 671 million pounds. ....

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