Economy

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  • OPEC 165th ordinary meeting kicks off in Vienna

    OPEC 165th ordinary meeting kicks off in Vienna

    Date: 2014-06-11 11:16:41 GMT - Austria - Economy - SN:20 - ID:772520

    The 165th Ordinary Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) kicked off here in Vienna Wednesday under the Chairmanship of its President Mustafa Jassim Mohammad Al-Shamali, Deputy Prime Minister and ....

  • Egyptian bourse remains among Morgan Stanley's emerging markets index

    Egyptian bourse remains among Morgan Stanley's emerging markets index

    Date: 2014-06-11 08:27:07 GMT - Egypt - Economy - SN:13 - ID:772043

    Morgan Stanley kept Egypt's Stock Exchange among its comprehensive emerging markets index in light of the improvement of the economic situation in Egypt and foreign cash reserves. In a statement, the foundation said there is no need to hold ....

  • Bourse indices down in Tuesday trading

    Bourse indices down in Tuesday trading

    Date: 2014-06-10 14:32:42 GMT - Egypt - Economy - SN:29 - ID:771199

    The Egyptian Exchange (EGX) indices slightly went down on Tuesday amid intensive sale operations by local investors. The Egyptian Exchange closed Tuesday with losses amounting to EGP 1.1 billion. The EGX 30 benchmark index went down and closed ....

  • Nile level drops by 2 cm

    Nile level drops by 2 cm

    Date: 2014-06-09 12:03:49 GMT - Egypt - Economy - SN:45 - ID:769149

    The Nile River water level dropped Monday to record 174.26 meters, two centimeters less than Sunday. Water released from the Aswan Dam reached 250 million cubic meters and the amount of water coming freshly to Lake Nasser reached 146 million ....

  • 34 vessels sail through Suez Canal

    34 vessels sail through Suez Canal

    Date: 2014-06-09 11:22:31 GMT - Egypt - Economy - SN:39 - ID:769040

    Thirty-four vessels transited the Suez Canal on Monday, carrying a total cargo of 1.943 million tons. The south-bound convoy included 20 ships, carrying 950,000 tons and the north-bound convoy included 14 vessels with a combined cargo of 993,000 ....

  • EGX chief meets Belgium ambassador

    EGX chief meets Belgium ambassador

    Date: 2014-06-09 11:17:20 GMT - Egypt - Economy - SN:38 - ID:769020

    Executive Chairman of the Egyptian Exchange (EGX) Mohamed Omran discussed here Monday with Belgium Ambassador to Egypt Gilles Hevart the latest developments related to the growth rates of the Egyptian capital market, which achieved positive rates ....

  • Gov't denies plans to refrain from raising energy prices decision: Planning minister

    Gov't denies plans to refrain from raising energy prices decision: Planning minister

    Date: 2014-06-07 16:13:14 GMT - Egypt - Economy - SN:37 - ID:766341

    Planning Minister Ashraf el-Arabi said that the government will not backtrack from its plan to raise the energy prices. The minister asserted that such measure would help decrease the budget deficit that reached 14 percent. "The Egyptian ....

  • Nile level drops by 1 cm

    Nile level drops by 1 cm

    Date: 2014-06-07 12:39:51 GMT - Egypt - Economy - SN:36 - ID:765960

    The Nile River water level dropped Saturday to record 174.40 meters, one centimeter less than Friday. Water released from the Aswan Dam reached 250 million cubic meters and the amount of water coming freshly to Lake Nasser reached 198 million ....

  • US-Africa energy conf. in Ethiopia provided opportunity to do business in Egypt - ambassador

    US-Africa energy conf. in Ethiopia provided opportunity to do business in Egypt - ambassador

    Date: 2014-06-07 10:33:07 GMT - Egypt - Economy - SN:25 - ID:765686

    The US-Africa Energy Conference, which was hosted by Ethiopia, was a great opportunity for the foreign private companies to meet with the Egyptian delegation members to look into ways of carrying out investment projects in Egypt, said Egypt's ....

  • UAE to finance establishment of 2 silos for wheat storage in Damietta, Amriya

    UAE to finance establishment of 2 silos for wheat storage in Damietta, Amriya

    Date: 2014-06-07 10:10:10 GMT - Egypt - Economy - SN:22 - ID:765627

    The UAE will finance the establishment of two silos for wheat storage in Damietta and el-Amriya. An agreement between Egypt and the UAE was signed in this respect on Saturday. The Arab Organization for Industrialization will implement the ....

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