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Economy
- Service : English
- Category : Economy
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Saudi CPC acquires Egypt’s Sphinx Glass Co. for EGP 816M
Date: 2014-08-27 07:11:38 GMT - Egypt - Economy - SN:13 - ID:893210
Construction Products Holding Company (CPC), part of the Saudi Binladin Group, signed a contract on Tuesday to acquire 100% shares of Egypt’s Sphinx Glass company for 816 million pounds. The two companies held a press conference on Tuesday to ....
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Egypt, Mali sign investment memo
Date: 2014-08-26 17:06:20 GMT - Egypt - Economy - SN:72 - ID:892797
A memorandum of understanding was signed Tuesday between the Egypt's General Authority For Investment and Free Zones (GAFI) and a Malian investment promotion agency. The signing ceremony was attended by Prime Minister Ibrahim Mahlab. "The memo ....
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47 ships transit Suez Canal
Date: 2014-08-26 15:07:20 GMT - Egypt - Economy - SN:38 - ID:892345
Forty seven ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.380 million tons. The south-bound convoy included 25 ships, carrying 1.330 million tons, while the north-bound convoy included 22 ships, carrying 1.05 million ....
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EGX indexes go down on back of profit taking
Date: 2014-08-26 13:23:54 GMT - Egypt - Economy - SN:42 - ID:892407
Indexes of the the Egyptian Exchange went down Tuesday on the backdrop of profit taking. The EGX 30 benchmark index lost 0.47 percent to close at 9,359.18 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) ....
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Egypt, Mali review investment opportunities
Date: 2014-08-26 12:59:48 GMT - Egypt - Economy - SN:36 - ID:892305
Egyptian-Malian talks that were held here under the co-chairmanship of the prime minister of both countries reviewed investment opportunities in the two countries. A statement issued by the Egyptian Cabinet on Tuesday indicated that several ....
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Challenges facing textile industry 'solvable' - Min.
Date: 2014-08-26 11:43:13 GMT - Egypt - Economy - SN:25 - ID:892106
Investment Minister Ashraf Salman said on Tuesday that challenges facing the textile industry are solvable. These issues can be settled through establishing new projects and preparing scientific studies to revive this vital industry, the ....
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Minister unveils investment opportunities of New Suez Canal during US visit
Date: 2014-08-26 11:39:20 GMT - Egypt - Economy - SN:24 - ID:892096
Minister of Supply and Internal Trade Dr Khaled Hefny and his accompanying delegation, currently on a visit to the US, held a series of meetings with members of Chicago Chamber of Commerce, the Egyptian community and Egypt's consul general in ....
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Suez Canal investment certificates not to affect banking saving: CBE
Date: 2014-08-26 05:11:47 GMT - Egypt - Economy - SN:1 - ID:891351
Governor of the Central Bank of Egypt (CBE) Hisham Ramez said on Monday that the new Suez Canal investment certificates will not affect the rate of banking saving or liquidity in Egypt. In a phone call with Sada el-Balad satellite channel, Ramez ....
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Bourse Indexes down on Monday on backdrop of profit taking
Date: 2014-08-25 14:25:24 GMT - Egypt - Economy - SN:61 - ID:890793
Indexes of the the Egyptian Exchange on Monday went back on the backdrop of profit taking with the market capital losing 2.3 billion pounds. The EGX 30 benchmark index lost 0.97 percent to close at 9,403.39 points. The broader EGX 70 index ....
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Tourism ministry spares no effort to promote tourism - min.
Date: 2014-08-25 11:59:26 GMT - Egypt - Economy - SN:51 - ID:890400
Tourism Minister Hisham Zazou stressed on Monday that the ministry exerts utmost efforts to bring tourism back to what it has been before the 25 January revolution. All state bodies are working hard to promote tourism, the minister said at a ....
