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Economy
- Service : English
- Category : Economy
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Egypt auctions T-bonds
Date: 2014-08-11 13:22:58 GMT - Egypt - Economy - SN:32 - ID:868841
The Finance Ministry auctioned on Monday treasury bonds at a total value of two billion pounds. In an online statement, the ministry said it auctioned five-year bonds (maturing on August 12, 2019) with average interest rate hitting 14.399%. The ....
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Liberian container ship rescued after drifting in Suez Canal
Date: 2014-08-11 13:20:05 GMT - Egypt - Economy - SN:27 - ID:868831
Suez Canal bodies managed to withdraw a Liberian container ship, after it drifted off course in the international waterway. The ship was coming from the Mediterranean Sea en route to the Red Sea. In exclusive statements to MENA, a ....
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Tourist buses to be used in public transportation soon - minister
Date: 2014-08-10 11:39:14 GMT - Egypt - Economy - SN:6 - ID:866901
Coordination is under way among the ministries concerned to use tourist buses in longer-distance public transportation, Local Development Minister Adel Labib said Sunday. In press statements, Labib said the new buses will ferry citizens from the ....
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Finance min. to meet 468 staff on reducing budget deficit
Date: 2014-08-09 15:02:51 GMT - Egypt - Economy - SN:23 - ID:865919
Minister of Finance Hany Qadry will meet Tuesday with 468 of the ministry's staff on discussing some unconventional ideas and visions to reduce the budget deficit and improving public financial management for Egyptian economy. The group includes ....
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Suez vital facilities to be excluded from power cuts - Min.
Date: 2014-08-08 14:07:50 GMT - Egypt - Economy - SN:21 - ID:864588
Electricity Minister Mohamed Shaker has excluded some vital facilities in Suez from power cuts. In a letter to Suez Governor el-Araby el-Sorory Friday, the minister said the excluded facilities include ports, industrial zones, water plants, ....
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Min. briefs Sisi on water resources management plan
Date: 2014-08-08 13:39:50 GMT - Egypt - Economy - SN:20 - ID:864541
Irrigation Minister Hossam Moghazi has briefed President Abdel Fattah El Sisi on the ministry's plan to manage water resources during the coming period. In a statement Friday, the Irrigation Ministry said the proposed plan tackles ways to make ....
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2 new bridges to be established in Benha at cost of EGP 80 million - Governor
Date: 2014-08-08 12:13:47 GMT - Egypt - Economy - SN:17 - ID:864391
Qalyubia Governor Mohamed Abdel Zaher said Friday two new bridges are scheduled to be established in Benha to solve the traffic crisis inside the city's entrances. In statements, he added that the projects will be carried out the Engineering ....
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Bourse indexes up last week
Date: 2014-08-08 09:44:53 GMT - Egypt - Economy - SN:11 - ID:864141
The Egyptian Exchange indexes closed last week up and the market capital gained EGP 9 billion to hit EGP 510 billion. During the course of the week, the benchmark index EGX 30 jumped 3.7 percent to 9,153 points, said a weekly report issued by the ....
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Egypt bourse continues upward trend
Date: 2014-08-07 11:57:01 GMT - Egypt - Economy - SN:12 - ID:862879
The Egyptian Exchange (EGX) continued its upward trend at the end of trading on Thursday, backed by intensive purchases by institutions and foreign investment funds. The market capital gained about 3.6 billion pounds to hit 510.4 billion pounds ....
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CBE: total banking deposits rose in May
Date: 2014-08-06 17:04:13 GMT - Egypt - Economy - SN:32 - ID:861795
Total deposits of the banking system, other than those of the Central Bank of Egypt's (CBE), rose by about 21 billion pounds to hit 1.403 trillion pounds in May against 1.382 trillion pounds in the same period last year. The CBE said that the ....
