Economy

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  • Nile water level drops by 1 cm

    Nile water level drops by 1 cm

    Date: 2014-05-06 12:22:25 GMT - Egypt - Economy - SN:15 - ID:706376

    The Nile River water level recorded 174,91 meters on Tuesday, one centimeter less than Monday's reading. Water released from Aswan Dam reached 185 million cubic meters and water coming freshly to Lake Nasser today amounted to 133 million cubic ....

  • Rules governing membership in bourse amended - Omran

    Rules governing membership in bourse amended - Omran

    Date: 2014-05-05 16:30:56 GMT - Egypt - Economy - SN:66 - ID:705052

    The Egyptian Financial Supervisory Authority (EFSA) endorsed Monday the new rules of membership at the Egyptian Exchange (EGX), said the bourse chief Mohamed Omran. The move will facilitate communication between the bourse and its members and ....

  • Egypt's bourse incurs limited losses

    Egypt's bourse incurs limited losses

    Date: 2014-05-05 14:12:07 GMT - Egypt - Economy - SN:59 - ID:704750

    The Egyptian Exchange (EGX) recorded limited losses at the end of closing on Monday on the backdrop of intensive sales by Arab and Egyptian investors. The market capital lost about 510 million pounds to reach 482.8 billion pounds, after ....

  • Mahlab meets WB delegation

    Mahlab meets WB delegation

    Date: 2014-05-05 13:12:50 GMT - Egypt - Economy - SN:56 - ID:704604

    Prime Minister Ibrahim Mahlab has met with a delegation of the World Bank (WB). The delegation expressed the WB's readiness to provide special expertise in restructuring the Principal Bank for Development and Agricultural Credit (PBDAC) to ....

  • Egypt's bourse incurs limited losses

    Egypt's bourse incurs limited losses

    Date: 2014-05-05 13:07:05 GMT - Egypt - Economy - SN:55 - ID:704596

    The Egyptian Exchange (EGX) recorded limited losses at the end of closing on Monday on the backdrop of intensive sales by Arab and Egyptian investors. The market capital lost about 510 million pounds to reach 482.8 billion pounds, after ....

  • 40 vessels transit Suez Canal

    40 vessels transit Suez Canal

    Date: 2014-05-05 12:06:27 GMT - Egypt - Economy - SN:47 - ID:704395

    Forty vessels passed through the Suez Canal on Monday, carrying a total cargo of 2.275 million tons. The south-bound convoy included 18 ships with a combined cargo of 1.112 million tons while the 22 ships of the north-bound convoy had a cargo ....

  • Telecom Egypt to pay LE  2.5 bn for new mobile licence

    Telecom Egypt to pay LE 2.5 bn for new mobile licence

    Date: 2014-05-05 11:33:00 GMT - Egypt - Economy - SN:38 - ID:704287

    Telecom Egypt's board of directors agreed to pay LE 2.5 billion for a new mobile licence with no new frequencies, the firm said in a statement on Monday. Telecom Egypt's board, in their meeting held late Sunday, said the company's executive ....

  • Zazou: Climate in Egypt appropriate for Arab investments

    Zazou: Climate in Egypt appropriate for Arab investments

    Date: 2014-05-05 10:52:46 GMT - Egypt - Economy - SN:35 - ID:704139

    Minister of Tourism Hisham Zaazou asserted that climate in Egypt has become appropriate for Arab investment as the Egyptian government is currently offering incentives and transparent measures to lure more investments. A statement released by the ....

  • Nile water level drops by 1 cm

    Nile water level drops by 1 cm

    Date: 2014-05-05 10:51:52 GMT - Egypt - Economy - SN:34 - ID:704135

    The Nile River water level recorded 174,92 meters on Monday, one centimeter less than Sunday's reading. Water released from Aswan Dam reached 175 million cubic meters and water coming freshly to Lake Nasser today amounted to 128 million cubic ....

  • 91-, 273-day T-bills auctioned

    91-, 273-day T-bills auctioned

    Date: 2014-05-04 14:33:49 GMT - Egypt - Economy - SN:31 - ID:702824

    The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 5.5 billion. In an online statement, the ministry said it sold EGP 2 billion of 91-day T-bills with an average yield of 10.637%, adding it accepted bids at rates ....

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