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Economy
- Service : English
- Category : Economy
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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 ....
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91-, 266-day T-bills auctioned
Date: 2014-08-17 14:39:03 GMT - Egypt - Economy - SN:34 - ID:878356
The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 5.5 billion. In an online statement, the ministry said it sold EGP 2.5 billion of 91-day T-bills with an average yield of 11.558%, adding it accepted bids at rates ....
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Bourse gains EGP 2.9 bn
Date: 2014-08-17 14:34:40 GMT - Egypt - Economy - SN:32 - ID:878346
The Egyptian Exchange made gains at the close of the week's first trading session backed by wide share purchases by foreign mutual funds and institutions. The market capital achieved gains worth EGP 2.9 billion to reach EGP 519.78 billion after ....
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EGP 15 billion expected to be paid on Suez Canal IT domain - min.
Date: 2014-08-17 12:15:45 GMT - Egypt - Economy - SN:25 - ID:878073
Communication and Information Technology Minister Atef Helmi said on Sunday that investments worth 12 to 15 billion pounds are expected to be pumped into the IT domain at the New Suez Canal project. Of all, nine to 11 billion pounds will be paid ....
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Speculative companies excluded from Egyptian Exchange – chairman
Date: 2014-08-16 08:43:04 GMT - Egypt - Economy - SN:20 - ID:876224
Chairman of the Egyptian Exchange Mohamed Omran said he will not allow the enlistment of companies that could distort the reputation of EGX. EGX has been receiving subscription requests from companies that have no actual activities and are aiming ....
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Surplus of incentives to go to top-priority projects -- Minister
Date: 2014-08-15 13:54:15 GMT - Egypt - Economy - SN:22 - ID:875523
Finance Minister Hani Qadri said Friday that any surplus of economic incentives will be used to finance top-priority projects approved by the Cabinet. Qadri has demanded that the transport, housing and industry ministers, as well as the governor ....
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Bourse indexes up last week
Date: 2014-08-15 12:48:24 GMT - Egypt - Economy - SN:17 - ID:875405
The Egyptian Exchange indexes closed last week up and the market capital gained EGP 6.9 billion to hit EGP 516.9 billion. During the course of the week, the benchmark index EGX 30 jumped 2.55 percent to 9,387 points, said a weekly report issued ....
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NUCA budget doubled - min.
Date: 2014-08-15 11:29:58 GMT - Egypt - Economy - SN:14 - ID:875271
Housing Minister Mostafa Madboly said on Friday that the budget dedicated to the development plan of the New Urban Communities Authority (NUCA) will be increased from 7.3 to 14 billion pounds. "This is to accomplish the underway projects as soon ....
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Imbaba airport land to be offered for investment - governor
Date: 2014-08-15 08:00:48 GMT - Egypt - Economy - SN:4 - ID:874958
Imbaba airport’s 70-feddan area will be offered to investors, Giza Governor Ali Abdel-Rahman said. A meeting was held with the governorate’s officials to offer alternatives on dividing the plot to be submitted to the prime minister in a report, ....
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Bourse hits record gains of EGP 3.8bln
Date: 2014-08-14 14:23:23 GMT - Egypt - Economy - SN:19 - ID:874210
The Egyptian Exchange (EGX) continued its upward trend at the close of Thursday trading, backed by intensive purchases by local and foreign investment funds. The market capital gained about 3.8 billion pounds to hit 516.9 billion pounds, after ....
