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Economy
- Service : English
- Category : Economy
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Fitch: Egypt's fuel price hikes are positive for credit profile
Date: 2014-07-08 13:33:49 GMT - Egypt - Economy - SN:38 - ID:817650
Fitch Ratings said Tuesday the recently announced fuel price hikes are an important step toward reducing subsidies that contribute to Egypt's substantial fiscal deficit - a key rating weakness. Tackling subsidies is a key way of reducing Egypt's ....
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CAPMAS: 6.82% increase in industrial production in 2013 Q 4
Date: 2014-07-08 13:30:25 GMT - Egypt - Economy - SN:37 - ID:817642
The Central Agency for Public Mobilization and Statistics (CAPMAS ) said on Tuesday that the industrial production had increased during the fourth quarter of 2013 by 6.82% hitting 80.81 billion pounds, compared to 75.64 billion pounds during the ....
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EGX gains EGP 3.3 bln
Date: 2014-07-08 12:25:10 GMT - Egypt - Economy - SN:24 - ID:817504
The Egyptian Exchange (EGX) indexes rose collectively at the close of Tuesday's trading backed by purchases of foreign investment funds and institutions. The market capital gained about 3.3 billion pounds to reach 486.83 billion pounds, amid ....
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Egyptian GDRs in London stable
Date: 2014-07-07 18:38:44 GMT - United Kingdom - Economy - SN:66 - ID:816503
The Egyptian global depository receipts (GDRs) in the London Stock Exchange (LSE) showed stable performance at the close of Monday's trading. The GDRs of Orascom Telecom, EFG-Hermes and Orascom Construction Industries remained unchanged at ....
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Egypt's strategy aims to foster cooperation with all African countries -- Minister
Date: 2014-07-07 15:29:02 GMT - Egypt - Economy - SN:50 - ID:816225
Egypt's Petroleum Minister Sherif Ismail asserted that Egypt's strategy aims to foster cooperation with all African countries in all fields especially that of hydrocarbon. His statement was given on his behalf by Head of the Egyptian General ....
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Collective decline in Egypt bourse
Date: 2014-07-07 15:27:57 GMT - Egypt - Economy - SN:49 - ID:816224
The Egyptian Exchange (EGX) recorded a collective decline at the close of trading on Monday, amid intensive sales by Arab and Egyptian investors. The market capital reached about 318 million pounds to reach 483.5 billion pounds, amid ....
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Egypt's foreign currency reserves down by 3.4% in June - CBE
Date: 2014-07-07 11:45:19 GMT - Egypt - Economy - SN:45 - ID:815627
Egypt's foreign currency reserves decreased in June by 3.4 percent to hit 16.687 billion dollars compared to 17.283 billion dollars in May, the Central Bank of Egypt said Monday. The decrease was prompted by Egypt's payment of 700 million ....
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Supply ministry offers subsidized food stuff
Date: 2014-07-07 11:24:54 GMT - Egypt - Economy - SN:38 - ID:815561
The Supply Ministry began on Monday offering subsidized food stuff in Cairo, Alexandria and some governorates of Upper Egypt in its affiliate supermarkets. During this week, these subsidized products will be available in all governorates, said an ....
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Ration supplies available in most of areas as of yesterday- minister
Date: 2014-07-07 10:49:38 GMT - Egypt - Economy - SN:37 - ID:815498
Supply and Internal Trade Minister Khaled Hanafi said ration supplies released under the new system have been available in most areas in Cairo Alexandria and Upper and Lower Egypt as of Sunday. The minister further said more ration supplies will ....
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Trade balance deficit down in March -- report
Date: 2014-07-07 10:26:55 GMT - Egypt - Economy - SN:33 - ID:815438
Egypt's balance of trade deficit dropped by 7.6 percent in March on a year-on-year basis, said an official bulletin released on Monday. The shortage hit EGP20.5 billion compared to EGP22.19 billion in the same month in 2013, said the Central ....
