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Economy
- Service : English
- Category : Economy
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Bourse indexes up last week
Date: 2014-07-04 13:13:51 GMT - Egypt - Economy - SN:12 - ID:811377
The Egyptian Exchange (EGX) indexes recorded an upward trend last week. The benchmark EGX 30 jumped up 2.03 percent to reach 8,258 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) soared 2.88 percent, reaching ....
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Min announces gradual lifting of energy subsidy within 5 years
Date: 2014-07-03 12:38:11 GMT - Egypt - Economy - SN:18 - ID:809835
Minister of Electricity and Renewable Energy Mohamed Shaker announced on Thursday that the energy subsidy will be lifted gradually within five years without affecting the low-income bracket. The middle-class citizens will get electricity at its ....
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95% of services back in October 6 call center: TE
Date: 2014-07-03 11:24:01 GMT - Egypt - Economy - SN:13 - ID:809636
Telecom Egypt Company said Thursday that repair teams managed to restore 95% of telecommunications services for users of an October 6 City's call center. Work is ongoing to fully restore services during the next 24 hours, the executive director ....
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Ministry says customs revenues expected to hit LE20.694 billion in 2014-2015 fiscal year
Date: 2014-07-02 16:38:48 GMT - Egypt - Economy - SN:45 - ID:808687
Customs revenues in the 2014-2015 fiscal year are expected to hit 20.694 billion pounds with a growth rate of 20% and a decline ratio of 4% over the previous year, the finance ministry announced Wednesday. The financial statement of Egypt's ....
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Bourse: Beltone-EFG Hermes offer to be finalized Sunday
Date: 2014-07-02 16:08:08 GMT - Egypt - Economy - SN:39 - ID:808663
Head of the Egyptian bourse Mohamed Umran said Beltone Financial and billionaire Naguib Sawiris' offer to buy 20 percent of EFG Hermes investment bank at 16 Egyptian pounds ($2.24) per share will be finalized on Sunday. Umran told MENA that the ....
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Suez canal achieves highest record since opening
Date: 2014-07-02 16:07:17 GMT - Egypt - Economy - SN:38 - ID:808661
The Suez Canal has achieved the highest revenue, worth 5.3 billion dollars, since its opening in 1869 in the previous fiscal year 2013/2014, said chairman of the Suez Canal Authority Mohab Memish. In a press release Wednesday, Memish said that ....
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Agriculture min. discusses cooperation with India envoy
Date: 2014-07-02 14:37:18 GMT - Egypt - Economy - SN:30 - ID:808482
Agriculture Minister Adel El Beltagui has discussed prospects of business cooperation with India's Ambassador to Egypt Navdeep Suri. The envoy expressed his country's willingness to boost bilateral cooperation especially in the agriculture ....
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Nile level drops 2 cm
Date: 2014-07-02 14:02:53 GMT - Egypt - Economy - SN:26 - ID:808422
The Nile River water level dropped Wednesday to record 174.14 meters, two centimeters less than yesterday. Water released from the Aswan Dam reached 245 million cubic meters and the amount of water coming freshly to Lake Nasser reached 141 ....
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EGX indices show mixed performance
Date: 2014-07-02 13:05:21 GMT - Egypt - Economy - SN:25 - ID:808261
The Egyptian Exchange (EGX) showed a mixed performance at closing on Wednesday, prompted by sales by Arab and foreign funds and institutions countered by purchases by Egyptian investors. The benchmark index EGX 30 drew back 0.24 percent to reach ....
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Tawfik- Duba navigation line reopened
Date: 2014-07-02 12:11:56 GMT - Egypt - Economy - SN:19 - ID:808103
Transport Minister Hani Dahi has announced the reopening of the Port Tawfik- Duba navigation line. The line was reopened after a nine-year hiatus, said the minister. The halt has had a negative impact on the navigation movement between Egypt ....
