Economy

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  • Egypt auctions T-bonds worth EGP 220 bln in Q1 2014/2015

    Egypt auctions T-bonds worth EGP 220 bln in Q1 2014/2015

    Date: 2014-07-01 13:26:06 GMT - Egypt - Economy - SN:35 - ID:806743

    The Finance Ministry plans to auction treasury bonds at a total value of EGP 220 billion during the first quarter of the current fiscal year 2014/2015. The ministry said it would auction 91-,182-, 273-. 364-day bonds with values ​​of EGP 31.5, ....

  • Egypt, Italy navigation line to re-operate for exports increase - min.

    Egypt, Italy navigation line to re-operate for exports increase - min.

    Date: 2014-07-01 13:24:24 GMT - Egypt - Economy - SN:34 - ID:806736

    Minister of Trade and Industry Munir Fakhry Abdel Nour said on Tuesday that navigation line between Egypt and Italy should re-operate due to its importance in carrying Egypt's exports to Italy and the European Union. He said that he was keen on ....

  • Nile water level remains unchanged

    Nile water level remains unchanged

    Date: 2014-07-01 13:02:11 GMT - Egypt - Economy - SN:31 - ID:806702

    The Nile River water level recorded 174.16 meters on Tuesday, the same as the reading of Monday. Water released from Aswan Dam reached 240 million cubic meters which is the same amount of water coming freshly to Lake Nasser today, said a report ....

  • Egyptian GDRs in Lodon stable

    Egyptian GDRs in Lodon stable

    Date: 2014-06-30 17:23:55 GMT - United Kingdom - Economy - SN:65 - ID:805568

    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 ....

  • New policies to improve citizens' standard of living - Minister

    New policies to improve citizens' standard of living - Minister

    Date: 2014-06-30 16:10:45 GMT - Egypt - Economy - SN:63 - ID:805494

    Finance Minister Hany Kadry said Monday his ministry will adopt policies to serve priority issues such as achieving social justice, improving the standard of living of citizens, and increasing investment rates. In a press conference, the ....

  • 42 vessels transit Suez Canal

    42 vessels transit Suez Canal

    Date: 2014-06-30 14:39:24 GMT - Egypt - Economy - SN:56 - ID:805295

    Forty-two vessels transited the Suez Canal Monday carrying a total cargo of 1.857 million tons. The south-bound convoy included 19 ships, carrying a cargo of 970,000 tons and the north-bound convoy included 23 vessels with a combined cargo of ....

  • Budget deficit to hit 80% of public debt in 3 years: finance min.

    Budget deficit to hit 80% of public debt in 3 years: finance min.

    Date: 2014-06-30 14:38:59 GMT - Egypt - Economy - SN:55 - ID:805294

    Minister of Finance Hani Qadry has said his ministry is taking several measures to control the public debt over the coming three years. He added in statements that the government debt would decrease from 93.7 percent of Gross Domestic Product ....

  • Local development budget amounts to EGP 4.6 bln : minister

    Local development budget amounts to EGP 4.6 bln : minister

    Date: 2014-06-30 14:38:25 GMT - Egypt - Economy - SN:54 - ID:805293

    Minister of Local Development Adel Labib has said the new budget of his ministry amounts to EGP 4.6 bln. In statements, Labib said the ministry would give priority to projects of women development, extension of power coverage and meeting ....

  • Bourse gains EGP 4.1bln, main index up 1.13 percent

    Bourse gains EGP 4.1bln, main index up 1.13 percent

    Date: 2014-06-30 14:37:55 GMT - Egypt - Economy - SN:53 - ID:805292

    The Egyptian Exchange (EGX) indexes rose collectively at the close of Monday's trading backed by purchases of Arab and foreign investment funds and institutions. The market capital gained about 4.17 billion pounds to reach 477.64 billion ....

  • Bourse concludes three Block Trading deals of 1.366 billion pounds

    Bourse concludes three Block Trading deals of 1.366 billion pounds

    Date: 2014-06-30 11:37:41 GMT - Egypt - Economy - SN:41 - ID:804908

    The Egyptian Exchange made on Monday three Block Trading transactions worth 1.366 billion pounds. In a statement, the bourse said the first transaction was held on 35.404 million shares of the Commercial International Bank (CIB) at a total value ....

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