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Economy
- Service : English
- Category : Economy
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Minister denies plans to turn holding food industries companies into state-run ones - minister
Date: 2014-05-08 12:48:45 GMT - Egypt - Economy - SN:16 - ID:710412
Supply Minister Khaled Hanafi stressed that there are no plans to turn the holding companies of food industries into state-run ones, especially as this is an unconstitutional act. Assuring members of the general union of food industries, the ....
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Bourse loses morning gains, main index down 0.45 pct
Date: 2014-05-07 13:55:51 GMT - Egypt - Economy - SN:28 - ID:708730
Most of the morning gains in Wednesday's bourse session evaporated by the end of the day against the backdrop of sales by Arab and foreign investors. The market capital lost about two billion pounds to hit 483.27 billion pounds, after ....
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1 mil tons of wheat procured from local farmers - Agriculture Minister
Date: 2014-05-06 18:22:48 GMT - Egypt - Economy - SN:69 - ID:707184
About one million tons of wheat had been received from local farmers so far, Minister of Agriculture and Land Reclamation Ayman Farid Abu Hadid said. During his meeting with the Principal Bank for Development & Agricultural Credit (PBDAC) head ....
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Egyptian GDRs in LSE stable
Date: 2014-05-06 17:15:16 GMT - United Kingdom - Economy - SN:59 - ID:707050
The Egyptian global depository receipts (GDRs) in the London Stock Exchange (LSE) showed stable performance at the close of Tuesday's trading. The GDRs of Orascom Telecom, and EFG-Hermes remained unchanged at 0.90, and 3.44 US dollars ....
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Egypt to invest EGP 130 bn by 2020 to develop IT: minister
Date: 2014-05-06 15:51:15 GMT - Egypt - Economy - SN:42 - ID:706863
The investments needed to develop communications and information technology infrastructure in Egypt will hit EGP 130bn by 2020, said Minister of Communications Atef Helmy. Addressing a seminar of the IPO summit, Helmy said that the governmental ....
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EFSA chairman: We negotiate with CBE, Finance Ministry to amend sukuk law
Date: 2014-05-06 14:30:55 GMT - Egypt - Economy - SN:34 - ID:706723
Board Chairman of Egyptian Financial Supervisory Authority (EFSA) Sherif Sami said that the sukuk law issued during the rule of former president Mohamed Morsi is being comprehensively reviewed. The EFSA is negotiating with the Central Bank of ....
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Egypt's bourse up, main index gains 0.78 pct
Date: 2014-05-06 14:17:53 GMT - Egypt - Economy - SN:32 - ID:706700
The Egyptian Exchange (EGX) indices achieved a collective rise at the close of Wednesday's trading, prompted by purchases of foreign and Egyptian institutions. The market capital gained 2.4 billion pounds to reach 485.2 billion pounds on Tuesday, ....
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Document inked between Noble Energy, UFG companies only letter of intent
Date: 2014-05-06 13:35:54 GMT - Egypt - Economy - SN:26 - ID:706580
The document inked between Noble Energy, Inc. and the Spanish company of Union Fenosa Gas SA (UFG) is only a letter of intent, an official source in the Oil Ministry said. There would be no agreements between any parties except after having the ....
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50 ships transit Suez Canal
Date: 2014-05-06 13:07:32 GMT - Egypt - Economy - SN:21 - ID:706494
Fifty vessels passed through the Suez Canal on Tueday, carrying a total cargo of 2.398 million tons. The south-bound convoy included 24 ships with a combined cargo of 1.033 million tons while the 26 ships of the north-bound convoy had a cargo ....
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Minister of Tourism active in Arabian Travel Market
Date: 2014-05-06 12:29:57 GMT - Egypt - Economy - SN:16 - ID:706404
Minister of Tourism Hisham Zaazou continued Tuesday his meetings with a number of Arab Airlines officials on the sidelines of his current participation in the 21st Arabian Travel Market 2014, currently in session in Dubai. This came in a ....
