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Economy
- Service : English
- Category : Economy
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Qadri says increasing employment rates 'top priority'
Date: 2014-05-12 13:06:19 GMT - Egypt - Economy - SN:52 - ID:717203
Finance Minister Hani Qadri said Monday raising employment rates and improving workplace environment and investment climate were top priorities at the current stage. In statements following his return from Jordan after taking part in a ....
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45 vessels transit Suez Canal
Date: 2014-05-12 10:20:51 GMT - Egypt - Economy - SN:35 - ID:716736
Forty-five vessels passed through the Suez Canal on Monday, carrying a total cargo of 2.571 million tons, said chairman of the Suez Canal Authority Mohab Mamish. The south-bound convoy included 22 ships with a combined cargo of 1.261 million tons ....
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Egypt extracts 40% of daily available oil - former minister
Date: 2014-05-11 16:05:46 GMT - Egypt - Economy - SN:51 - ID:715678
Egypt extracts only 35% to 40% of the daily available oil, former oil minister Abdullah Ghorab has said. "We should apply new technologies in order to come out with better results and to solve the energy problem we are currently facing," he said, ....
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Egypt economy to recover following presidential vote - minister
Date: 2014-05-11 15:16:21 GMT - Jordan - Economy - SN:44 - ID:715577
Finance Minister Hany Qadry on Sunday expected the Egyptian economy to recover following the presidential vote, slated for May 26-27. Qadry, who is now in Jordan for participation in a conference there, has said the economic and social reforms ....
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Egypt in need of smart grids - official
Date: 2014-05-11 15:05:57 GMT - Egypt - Economy - SN:42 - ID:715554
Egypt was in a dire need of smart grids which would be able to control everything in the network, first undersecretary of electricity and energy minister Mohamed Omran said. "The electricity sector is facing several challenges," Omran told MENA ....
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Minister: Cooperation continued between Transport Ministry, AOI to encourage local industries
Date: 2014-05-11 12:18:32 GMT - Egypt - Economy - SN:32 - ID:715153
Minister of Transport and Communication Ibrahim Al-Demiri met on Sunday with head of the the Arab Organization for Industrialization (AOI) Lt General Abdel Aziz Seif El-Din as part of the ministry's keenness on enlarging the base of local industries ....
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Egypt hosts training program of Euro-Asian stock exchanges
Date: 2014-05-11 08:39:54 GMT - Egypt - Economy - SN:15 - ID:714575
The training program of the Federation of Euro-Asian Stock Exchanges (FEAS) will take place in Cairo late in February, head of Egypt's bourse Mohamed Omran said on Sunday. Choosing the Egyptian bourse to be the venue of the program came on the ....
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5% tax hike ‘temporary’-minister
Date: 2014-05-10 15:13:53 GMT - Egypt - Economy - SN:45 - ID:713844
Finance Minister Hany Kadry said that the extra five percent tax, which will be imposed on those who are earning over EGP one million annually, is temporary and will be applied only for one year starting January 2015 till 2016. The minister said ....
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Egyptian GDRs in London 'unchanged'
Date: 2014-05-09 19:21:36 GMT - United Kingdom - Economy - SN:44 - ID:712542
The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange remained unchanged at the close of Friday's trading. The GDRs of Orascom Telecom, Orascom Construction Industries and EFG-Hermes remained unchanged at $0.85, ....
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Bourse indexes down last week
Date: 2014-05-09 10:05:36 GMT - Egypt - Economy - SN:10 - ID:711685
The Egyptian Exchange closed last week with losses amounting to EGP 0.3 billion and its indexes were all down. The capital market declined to EGP 478 billion. During the course of the week, the benchmark index EGX 30 retreated 0.55 percent ....
