Economy

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  • Arab sales drives bourse losses

    Arab sales drives bourse losses

    Date: 2014-05-18 13:30:40 GMT - Egypt - Economy - SN:35 - ID:728554

    The Egyptian Exchange (EGX) indexes went down collectively due to intensive share sales by Arab investors. The market capital lost about EGP 200 million to reach EGP 492.1 billion after transactions reached EGP 1.1 billion. The main benchmark ....

  • Egypt, Philippine FMs sign cooperation agreements

    Egypt, Philippine FMs sign cooperation agreements

    Date: 2014-05-18 11:30:41 GMT - Egypt - Economy - SN:30 - ID:728268

    Egyptian Foreign Minister Nabil Fahmy and his Philippine counterpart Albert del Rosario held an expanded session of talks attended by the delegation accompanying Egypt's guest and senior Egyptian officials. Talks between the two sides covered ....

  • New studio of Misr Alzeraya channel opens

    New studio of Misr Alzeraya channel opens

    Date: 2014-05-18 06:28:04 GMT - Egypt - Economy - SN:1 - ID:727571

    Agriculture and Land Reclamation Minister Ayman Farid Abu Hadid opened on Saturday the new studio of Misr Alzeraya channel, the first Egyptian channel specialized in agriculture. The new studio copes up with the latest development in the ....

  • Egypt, US, EU discuss water issues in MENA

    Egypt, US, EU discuss water issues in MENA

    Date: 2014-05-17 17:42:30 GMT - Egypt - Economy - SN:61 - ID:727198

    Egypt, the United States and the European Union have discussed the water issues in the Middle East and North Africa and means to resolve water crises among African countries through dialogue and peaceful ways. This came during a meeting held by ....

  • Supply Minister, Alex Gov. open silos complex in Burg el-Arab

    Supply Minister, Alex Gov. open silos complex in Burg el-Arab

    Date: 2014-05-17 17:04:12 GMT - Egypt - Economy - SN:60 - ID:727142

    Supply Minister Khalid Hanafy and Alexandria Governor Tarek Mahdi inaugurated Saturday the first phase of the Burg el-Arab silos complex, west of Alexandria. The new silos aim to store the wheat safely and reduce spoilage, the minister ....

  • Egypt keen on cooperation with Nile basin countries

    Egypt keen on cooperation with Nile basin countries

    Date: 2014-05-17 15:04:41 GMT - Egypt - Economy - SN:46 - ID:726956

    Minister of Water Resources and Irrigation Dr. Mohammad Abdel Motaleb asserted that Egypt is keen on bolstering all forms of cooperation with the Nile basin countries emanating from a belief of the importance of Egypt's role in the development of ....

  • Nile level drops by 2 cm

    Nile level drops by 2 cm

    Date: 2014-05-17 12:40:42 GMT - Egypt - Economy - SN:37 - ID:726622

    The Nile River water level dropped Saturday to record 174.68 meters, two centimeters less than yesterday. Water released from the Aswan Dam reached 225 million cubic meters and the amount of water coming freshly to Lake Nasser reached 121 million ....

  • Collective rise in bourse with main index up by 1.02 percent

    Collective rise in bourse with main index up by 1.02 percent

    Date: 2014-05-15 13:56:21 GMT - Egypt - Economy - SN:33 - ID:723498

    Indices of the Egyptian Exchange (EGX) shut Thursday's session collectively up backed by wide purchases by investors and Arab and foreign funds. The market capital gained 6.1 billion pounds to reach 492.3 billion pounds, after transactions ....

  • 182-, 364-day T-bills auctioned

    182-, 364-day T-bills auctioned

    Date: 2014-05-15 13:02:21 GMT - Egypt - Economy - SN:24 - ID:723353

    The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 6.5 billion. In an online statement, the ministry said it sold EGP 2.5 billion of 182-day T-bills. The average yield was 10.676%, it said, adding it accepted bids ....

  • Egyptian GDRs in London show mixed performance

    Egyptian GDRs in London show mixed performance

    Date: 2014-05-14 18:00:07 GMT - United Kingdom - Economy - SN:61 - ID:721957

    The Egyptian global depository receipts (GDRs) in the London Stock Exchange showed mixed performance at the close of Wednesday's trading. The GDRs of the EFG-Hermes went up by 2.78 percent to 3.70 dollars. The GDRs of the Commercial International ....

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