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Economy
- Service : English
- Category : Economy
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Sawiris-Beltone alliance refuses offered 9.5 percent stake in EFG Hermes
Date: 2014-07-07 09:25:42 GMT - Egypt - Economy - SN:29 - ID:815308
Beltone Financial and billionaire Naguib Sawiris' New Egypt Investment Fund refused on Monday to accept an offered 9.5 percent stake in EFG Hermes, less than half of their target amount of 20 percent. In a joint statement, they said they are ....
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Supply Ministry agrees with Carrefour to offer 30 commodities at affordable prices
Date: 2014-07-07 09:20:20 GMT - Egypt - Economy - SN:28 - ID:815295
The Supply and Internal Trade Ministry agreed with Carrefour to offer 30 commodities at affordable prices till the end of the year. These commodities are likely to include meat, chicken, sugar, cooking oil, rice, pasta and beans, said Mamdouh ....
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Electricity ministry aims to transfer electricity grid to smart one within 10 years - minister
Date: 2014-07-06 12:15:11 GMT - Egypt - Economy - SN:13 - ID:813990
The Electricity and Renewable Energy Ministry aims to transfer the electricity grid to a smart one within the coming ten years, said Minister Mohamed Shaker. He said that the electricity bills will be paid through mobile phones or payment cards, ....
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US investments in Egypt 17 bln dollars: USAID
Date: 2014-07-06 08:14:13 GMT - Egypt - Economy - SN:5 - ID:813481
The volume of US investments in Egypt is estimated at 17 billion dollars, US Agency for International Development (USAID) said in a statement. The US is now the biggest commercial partner to Egypt, the agency added. Diversity in trade and ....
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Cutting energy subsidies returns Egypt industry on 'track': min.
Date: 2014-07-05 16:03:09 GMT - Egypt - Economy - SN:48 - ID:813027
Trade and Industry Minister Mounir Fakhri Abdel-Nour has said the government's strategy to cut energy subsidies will return Egyptian industry back on track. He asserted that cutting the energy subsidies for the industrial sector came in ....
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Gov. targets boosting growth, restoring foreign confidence in economy-min.
Date: 2014-07-05 15:15:05 GMT - Egypt - Economy - SN:43 - ID:812952
The government targets boosting growth and restoring the foreign confidence in its economy, Minister of Industry, Trade and Small- and Medium-Sized Enterprises Monir Fakhry Abdel Nour said Saturday. Abdel Nour said the government outlined a ....
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8 investors want to set up renewable energy power stations - minister
Date: 2014-07-05 09:29:08 GMT - Egypt - Economy - SN:19 - ID:812226
Eight investors voiced keenness on establishing renewable energy power stations from solar or wind energies, with a total capacity surpassing 10,000 megawatts said Electricity and Renewable Energy Minister Mohamed Shaker. In statements on ....
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Navigation in Suez Canal normal – official
Date: 2014-07-05 07:30:14 GMT - Egypt - Economy - SN:2 - ID:812067
An official source with the Suez Canal Authority said Friday that navigation in the waterway is going on well and no accidents have disrupted the movement of vessels. In statements to MENA, the source said a Greek-flagged ship carrying 83 tons ....
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Egyptian GDRs in London stable
Date: 2014-07-05 07:29:10 GMT - United Kingdom - Economy - SN:1 - ID:812065
The Egyptian global depository receipts (GDRs) in the London Stock Exchange (LSE) showed stable performance at the close of Friday's trading and for the fourth day in a row. The GDRs of the Commercial International Bank (CIB) went down by 1.27 ....
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Business tycoon Samih Sawiris urges gradual subsidy annulment
Date: 2014-07-04 19:00:34 GMT - Egypt - Economy - SN:22 - ID:811805
Business tycoon Samih Sawiris has called to gradually canceling subsidy on fuel in order to tackle a deficit in the state budget. In an interview with MENA, Sawiris urged to bring about stability and security and amend economic ....
