Economy

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  • Report: Slums in Egypt hit 364 in number

    Report: Slums in Egypt hit 364 in number

    Date: 2014-06-18 11:31:35 GMT - Egypt - Economy - SN:41 - ID:784800

    A report issued by the Cabinet Information and Decision Support Center indicated that unsafe slum areas in Egypt hit 364 in number in February against 442 in 2010. The report added that the number of cities in Egypt hit 226 at total urban areas ....

  • Electricity Minister: Egypt seeks to increase dependency on solar power by 25 percent by 2027

    Electricity Minister: Egypt seeks to increase dependency on solar power by 25 percent by 2027

    Date: 2014-06-18 09:45:30 GMT - Egypt - Economy - SN:32 - ID:784493

    Minister of Electricity and Renewable Energy Dr Mohammad Shaker asserted that Egypt is seeking to increase dependency on solar energy in the power generation by 25 percent instead of its current targeted rate of 20 percent before 2027. This came ....

  • WB: FPD took 18 percent of current portfolio of IBRD investments in Egypt

    WB: FPD took 18 percent of current portfolio of IBRD investments in Egypt

    Date: 2014-06-18 08:09:21 GMT - Egypt - Economy - SN:25 - ID:784211

    The World Bank has said its current portfolio in Egypt stood at dlrs 4.92 billions, including major Trust Funds which grouped 25 projects in the sectors of energy and environment, finance and private sector development (FPD) that reached 18% of the ....

  • Nile water level remains unchanged

    Nile water level remains unchanged

    Date: 2014-06-17 16:34:19 GMT - Egypt - Economy - SN:58 - ID:783491

    The Nile River water level remained unchanged on Tuesday, recording Monday's same reading of 174.27 meters. Water released from the Aswan Dam reached 250 million cubic meters and the amount of water coming freshly to Lake Nasser was registered at ....

  • Improving national economy high prioroty: industry minister

    Improving national economy high prioroty: industry minister

    Date: 2014-06-17 16:29:35 GMT - Egypt - Economy - SN:57 - ID:783479

    Minister of Industry, Trade and Small- and Medium-sized Enterprises Munir Fakhry Abdel Nour said on Tuesday that improving the national economy is a high priority for his ministry during the coming period. "The ministry will work on offering the ....

  • Minister promises plan to support tourism

    Minister promises plan to support tourism

    Date: 2014-06-17 16:17:38 GMT - Egypt - Economy - SN:40 - ID:783211

    Tourism Minister Hisham Zaazoua said on Tuesday that his ministry would focus on supporting the tourism sector during the coming period. "We seek to make tourists feel safe during their stay in Egypt," the minister said during a press conference ....

  • Minister: Oil ministry seeks providing fuel needs

    Minister: Oil ministry seeks providing fuel needs

    Date: 2014-06-17 13:48:57 GMT - Egypt - Economy - SN:32 - ID:783108

    Minister of Petroleum and Mineral Resources Sherif Ismail on Tuesday said that one of the first priorities of his ministry in the coming phase is providing fuel needs for the public and all economic sectors. In press statements after taking the ....

  • 49 vessels sail through Suez Canal

    49 vessels sail through Suez Canal

    Date: 2014-06-17 13:43:06 GMT - Egypt - Economy - SN:30 - ID:783090

    Forty-nine vessels transited the Suez Canal in two convoys on Tuesday carrying a total cargo of 2.755 million tons. The south-bound convoy comprised 32 ships carrying a cargo of 1.619 million tons, while the north-bound convoy included 17 ones ....

  • Egypt bourse loses EGP 5.2bln, main index down by 1.47%

    Egypt bourse loses EGP 5.2bln, main index down by 1.47%

    Date: 2014-06-17 13:27:21 GMT - Egypt - Economy - SN:29 - ID:783046

    The Egyptian Exchange (EGX) indices sharply went down on Tuesday amid intensive sale operations by local institutions and investment funds amid fears of the mounting crisis in Iraq and threats of a US military response. The bourse indices ignored ....

  • ITDA, USAID officials inaugurate 1st phase of project to e-connect notary offices

    ITDA, USAID officials inaugurate 1st phase of project to e-connect notary offices

    Date: 2014-06-17 12:49:32 GMT - Egypt - Economy - SN:20 - ID:782952

    Vice Chairman of the Internal Trade Development Authority (ITDA) Ahmed Edris and director of the USAID mission in Egypt Mary Ott inaugurated on Tuesday the first phase of a project to electronically connect notary offices across Egypt. Offices in ....

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