Economy

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  • Egypt bourse gains EGP 2.5bln, main index up 1.92 pct

    Egypt bourse gains EGP 2.5bln, main index up 1.92 pct

    Date: 2014-05-14 14:45:31 GMT - Egypt - Economy - SN:45 - ID:721663

    The Egyptian Exchange (EGX) achieved gains at the end of today's trading backed by intensive purchases from Arab and foreign investment funds and institutions. The total market capital achieved gains worth 5.2 billion pounds to reach 486.2 ....

  • Tourism, aviation ministries coop to support tourism - minister

    Tourism, aviation ministries coop to support tourism - minister

    Date: 2014-05-13 17:57:24 GMT - Egypt - Economy - SN:73 - ID:719875

    Civil Aviation Minister Hosam Kamal said Tuesday that his ministry and the ministry of tourism set plans of cooperation to increase activity of travel business. The minister made the remarks on the sidelines of a conference at the ministry. ....

  • Egyptian GDRs in London 'unchanged'

    Egyptian GDRs in London 'unchanged'

    Date: 2014-05-13 17:18:16 GMT - United Kingdom - Economy - SN:71 - ID:719810

    The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange remained unchanged at the close of Tuesday's trading. The GDRs of Orascom Telecom, Orascom Construction Industries and EFG-Hermes remained unchanged at $0.84, ....

  • FEI hails ban of imports by gov't depts with local alternatives

    FEI hails ban of imports by gov't depts with local alternatives

    Date: 2014-05-13 16:46:45 GMT - Egypt - Economy - SN:69 - ID:719746

    Federation of Egyptian Industries (FEI) Chairman Mohamad Zaki praised Tuesday a decision by the economic ministerial group, chaired by Prime Minister Ibrahim Mahlab, banning imports of products that have local equivalents by government ....

  • Egypt bourse gains EGP 2.1bln, main index up by 0.77 pct

    Egypt bourse gains EGP 2.1bln, main index up by 0.77 pct

    Date: 2014-05-13 14:17:21 GMT - Egypt - Economy - SN:44 - ID:719378

    The Egyptian Exchange (EGX) continued to achieve gains at the end of trading on Tuesday backed by purchases of Arab, foreign and local investors. The total market capital achieved gains about 2.1 billion pounds to reach 480.9 billion pounds, amid ....

  • Egypt launches volunteering website for private sector

    Egypt launches volunteering website for private sector

    Date: 2014-05-13 13:30:06 GMT - Egypt - Economy - SN:36 - ID:719225

    Minister of Planning and International Cooperation Ashraf el-Arabi witnessed Tuesday the launch of the first volunteering website for the private sector www.Sharek.org. The site is to promote the culture of volunteer work among the private sector ....

  • 40 ships transit Suez Canal

    40 ships transit Suez Canal

    Date: 2014-05-13 13:08:01 GMT - Egypt - Economy - SN:31 - ID:719165

    Forty vessels passed through the Suez Canal on Tuesday, carrying a total cargo of 2.275 million tons, said chairman of the Suez Canal Authority Mohab Mamish. The south-bound convoy included 21 ships with a combined cargo of 1.186 million tons ....

  • Nile water level drops 2 cm

    Nile water level drops 2 cm

    Date: 2014-05-13 13:00:12 GMT - Egypt - Economy - SN:28 - ID:719142

    The Nile River water level recorded 174.76 meters on Tuesday, three centimeters less than Monday's reading. Water released from Aswan Dam reached 210 million cubic meters and water coming freshly to Lake Nasser today amounted to 106 million cubic ....

  • Tourist arrival rates declined 32.4% in March: CAPMAS

    Tourist arrival rates declined 32.4% in March: CAPMAS

    Date: 2014-05-13 12:30:53 GMT - Egypt - Economy - SN:23 - ID:719059

    Tourist arrival rates registered a 32.4% year on year drop in March to 755,000, down from 1.01 million tourists in March 2013, according to a monthly report by the Central Agency for Public Mobilization and Statistics (CAPMAS). CAPMAS indicated ....

  • EGX up; index gains 0.2 pct

    EGX up; index gains 0.2 pct

    Date: 2014-05-12 15:36:54 GMT - Egypt - Economy - SN:60 - ID:717539

    The Egyptian Stock Exchange (EGX) indices achieved a limited rise at the close of Monday's trading, prompted by purchases of Arab institutions, offset by sales of foreign and Egyptian institutions. The market capital gained EGP 700 million to ....

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