Economy

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  • Egypt's exports up 24 pct  in August

    Egypt's exports up 24 pct in August

    Date: 2014-09-09 16:46:01 GMT - Egypt - Economy - SN:57 - ID:914328

    Egypt's exports in August increased by 24 percent compared to the same period last year, said Trade and Industry Minister Mounir Fakhry Abdel-Nour. Addressing an economic conference hosted by state-run Akhbar el-Youm newspaper, he said that ....

  • Min. urges Chinese investors to pump more investments into Egypt

    Min. urges Chinese investors to pump more investments into Egypt

    Date: 2014-09-09 14:22:57 GMT - Egypt - Economy - SN:36 - ID:914071

    Investment Minister Ashraf Salman met on Tuesday with Chinese Vice Minister of Commerce Li Genzaw in Beijing. The meeting was attended by Egypt's Ambassador to China Magdy Amer, along with other Egyptian officials. During the meeting, Salman ....

  • EGX loses EGP 4.3bn

    EGX loses EGP 4.3bn

    Date: 2014-09-09 13:24:47 GMT - Egypt - Economy - SN:30 - ID:913957

    The Egyptian Exchange (EGX) indices went down on Tuesday amid intensive sale operations by foreign and Egyptian institutions. The market capital lost about 4.3 billion pounds to reach 523.93 billion pounds, amid transactions which hit about 935 ....

  • 52 vessels sail through Suez Canal

    52 vessels sail through Suez Canal

    Date: 2014-09-09 13:02:01 GMT - Egypt - Economy - SN:26 - ID:913907

    Fifty-two ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.661 million tons. The south-bound convoy included 27 ships, carrying 1.396 million tons, while the north-bound convoy included 25 ships, carrying 1.265 million tons. ....

  • Egypt's exports up 24% in August

    Egypt's exports up 24% in August

    Date: 2014-09-09 12:29:30 GMT - Egypt - Economy - SN:22 - ID:913819

    Trade and Industry Minister Mounir Fakhry Abdel-Nour said that Egypt's non-oil exports increased by 24.88 percent in August. He added that the exports hit EGP 11.917 billion in August against EGP 9.329 billion in the same month last year. ....

  • Economic conference to be held in Feb. in Sharm el-Sheikh: minister

    Economic conference to be held in Feb. in Sharm el-Sheikh: minister

    Date: 2014-09-08 11:49:06 GMT - Egypt - Economy - SN:37 - ID:911923

    An economic conference will be held in February in Sharm el-Sheikh, Minister of Planning Ashraf el-Arabi said. Many world leaders, heads of state, ministers, experts and senior representatives of international institutions will attend the ....

  • Oil minister chairs meeting of general assemblies of Petrogas, ASORC

    Oil minister chairs meeting of general assemblies of Petrogas, ASORC

    Date: 2014-09-08 11:41:35 GMT - Egypt - Economy - SN:43 - ID:911964

    Petroleum Minister Sherif Ismail chaired a meeting on Monday of the general assemblies of Petrogas and Assiut Oil Refining Co. (ASORC) to endorse the outcome of operations during the fiscal year 2013-2014. Petrogas was able to secure local ....

  • Int'l tourism, shopping city to be built at Suez Canal Corridor -- Minister

    Int'l tourism, shopping city to be built at Suez Canal Corridor -- Minister

    Date: 2014-09-08 07:52:23 GMT - Egypt - Economy - SN:19 - ID:911390

    Supply Minister Khaled Hanafi and Sheikh Ahmed Salem al-Seweden, the deputy board chairman of the Abu Dhabi chamber of commerce and industry, agreed on a memorandum of understanding to establish joint projects in tourism and trade cities in Arab ....

  • Revenues from sale of Suez's investment certificates hit EGP 8.5bn today

    Revenues from sale of Suez's investment certificates hit EGP 8.5bn today

    Date: 2014-09-07 17:07:14 GMT - Egypt - Economy - SN:29 - ID:910853

    Hisham Ramez, the Governor of the Central Bank of Egypt (CBE), said today's sales of investment certificates issued for funding the new Suez Canal project hit EGP 8.5 billion. Most of the buyers were individuals, he said. On August 5, President ....

  • CBE: Foreign reserves up in August

    CBE: Foreign reserves up in August

    Date: 2014-09-07 15:47:50 GMT - Egypt - Economy - SN:28 - ID:910742

    The Central Bank of Egypt (CBE) on Sunday said that the country's foreign reserves have increased to hit 16.835 billion dollars in August. In a press release on its website, the CBE added that the figure was 16.736 billion dollars in July. ....

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