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Economy
- Service : English
- Category : Economy
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EGX gains EGP 3.1bn, main index up 0.85 %
Date: 2014-08-19 14:24:11 GMT - Egypt - Economy - SN:48 - ID:881477
The Egyptian Exchange (EGX) gained 3.1 billion pounds at the end of trading Tuesday on the back of intensive purchase operations by foreign investment funds and Egyptians optimistic about the announcement of the consortium that will implement the ....
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WB: It's time for Egypt to reap benefits of Suez Canal project
Date: 2014-08-19 13:21:02 GMT - Egypt - Economy - SN:38 - ID:881367
World Bank's Country Director for Egypt Hartwig Schafer expressed his happiness over joining the mega project of the new Suez Canal by providing technical advice and partnership activities to assist in the preparation of the strategic and master ....
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39 vessels transit Suez Canal
Date: 2014-08-19 13:00:54 GMT - Egypt - Economy - SN:33 - ID:881337
Thirty-nine ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.3 million tons. The south-bound convoy included 21 ships, carrying 1.1 million tons, while the north-bound convoy included 18 ships, carrying 1.2 million tons. ....
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60 vessels transit Suez Canal
Date: 2014-08-18 15:22:35 GMT - Egypt - Economy - SN:66 - ID:880060
Sixty ships transited the Suez Canal on Monday, carrying a total cargo of 2.736 million tons. The south-bound convoy included 30 ships, carrying 1.449 million tons, while the north-bound convoy included 30 ships, carrying 1.287 million tons. ....
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Egypt seeks no loans from IMF -- min.
Date: 2014-08-18 15:20:05 GMT - Egypt - Economy - SN:62 - ID:880054
Egypt seeks no loans from the International Monetary Fund, the finance minister said on Monday. "Reports that the government plans to ask for negotiations with the fund to get a loan of $10.4 billion are unfounded," said Hany Qadry. He ....
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Egypt bourse loses EGP 3mln, main index down by 1.35%
Date: 2014-08-18 12:24:12 GMT - Egypt - Economy - SN:54 - ID:879699
The Egyptian Exchange (EGX) indices went down on Monday amid intensive sale operations by foreign investors and local institutions and investment funds. The market capital lost about 3 billion pounds to reach 516.7 billion pounds, amid ....
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Gov't ponders issuing Suez Canal investment certificates in dollars, euros
Date: 2014-08-18 11:21:48 GMT - Egypt - Economy - SN:43 - ID:879531
Minister of Finance Hani Qadri said the government is studying the possibility of issuing New Suez Canal investment certificates in dollars and euros in response to demands of Egyptian expatriates. In statements on Monday, Qadri said the ....
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Electricity min. witnesses inking of 2 contracts of steam-electric power stations in Suez
Date: 2014-08-18 09:31:56 GMT - Egypt - Economy - SN:29 - ID:879252
Electricity Minister Mohamed Shaker witnessed Monday the inking of two contracts of steam-powered electricity stations in Suez with a cost of 102 million pounds. The capacity of the station is 650 megawatt. This comes to resume efforts of the ....
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New Suez Canal certificates available for individuals, institutions -- Minister
Date: 2014-08-18 09:15:50 GMT - Egypt - Economy - SN:20 - ID:879165
The five-year investment vehicles for the New Suez Canal will be up for grabs by individuals and institutions alike, the planning minister has said. The investment certificates, to be offered by Misr Banque, Banque Du Caire and the National Bank ....
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Beltone to run 1st investment fund in Egypt with capital worth LE 100 mn
Date: 2014-08-18 08:58:37 GMT - Egypt - Economy - SN:22 - ID:879179
Beltone Mena Equity Fund (BMENAEA) has been chosen to run the first investment fund for deposits, liquidity and treasury bills to Misr Insurance Company after the Egyptian Financial Supervisory Authority approved for such companies to establish ....
