Economy

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  • Category : Economy
  • Minister: Egypt to establish model farms in Chad

    Minister: Egypt to establish model farms in Chad

    Date: 2014-04-29 15:25:29 GMT - Egypt - Economy - SN:44 - ID:694789

    Agriculture Minister Ayman Farid Abu Hadid said that Egypt will establish model farms for livestock and fisheries development, along with the production of important crops in cooperation with Chad. This came during his meeting with the official ....

  • Exchange indices go down on Tuesday

    Exchange indices go down on Tuesday

    Date: 2014-04-29 14:30:22 GMT - Egypt - Economy - SN:38 - ID:694657

    Egyptian Exchange (EGX) indices went down at the end of today's trading, affected by massive selling operations by Egyptian investors. The market capital lost almost 1.9 billion pounds to reach 474.4 billion pounds, after transactions hit about ....

  • 58 vessels transit Suez Canal

    58 vessels transit Suez Canal

    Date: 2014-04-29 13:59:36 GMT - Egypt - Economy - SN:35 - ID:694570

    Fifty-eight vessels passed through the Suez Canal on Tuesday, carrying a total cargo of 2.434 million tons. The south-bound convoy included 22 ships with a combined cargo of 730,000 tons while the 36 ships of the north-bound convoy had a cargo ....

  • Nile water level steady

    Nile water level steady

    Date: 2014-04-29 13:37:33 GMT - Egypt - Economy - SN:30 - ID:694499

    The Nile River water level recorded 174,98 meters on Tuesday, the same as the reading of Monday. Water released from Aswan Dam reached 175 million cubic meters and water coming freshly to Lake Nasser today was also the same, according to a report ....

  • Oil sector plans to buy 5 drilling rigs

    Oil sector plans to buy 5 drilling rigs

    Date: 2014-04-29 13:26:18 GMT - Egypt - Economy - SN:28 - ID:694445

    The Petroleum sector is planning to buy five drilling rigs with total investments hitting $74 million. This came in a report submitted by SinoTharwa Drilling Company to Minister of Petroleum and Mineral Resources Sharif Ismail over the company's ....

  • Zazou urges maintaining tourist promotion campaigns

    Zazou urges maintaining tourist promotion campaigns

    Date: 2014-04-29 12:18:58 GMT - Egypt - Economy - SN:15 - ID:694269

    Minister of Tourism Hisham Zazou on Tuesday urged maintaining tourist promotion campaigns with a view to attracting more Arab tourists to Egypt along with tapping additional tourist markets. The remark was made at a workshop for activating ....

  • CBE keeps interest rates unchanged

    CBE keeps interest rates unchanged

    Date: 2014-04-28 18:15:26 GMT - Egypt - Economy - SN:90 - ID:693040

    The Monetary Policy Committee at the Central Bank of Egypt (CBE) has kept the overnight interest rate unchanged. The rate is kept at 8.25 per cent for deposit and 9.25 percent for lending, the CBE said in a statement on Monday. ....

  • Egyptian GDRs in London in mixed performance

    Egyptian GDRs in London in mixed performance

    Date: 2014-04-28 17:55:47 GMT - United Kingdom - Economy - SN:85 - ID:693017

    The Egyptian global depository receipts (GDRs) in London Stock Exchange showed mixed performance at the close of Monday's trading. The GDRs of the Commercial International Bank (CIB) and Orascom Telecom dropped by 1.17 and 0.05 percent. The ....

  • Egypt bourse loses EGP 3.4bln, indices collectively down

    Egypt bourse loses EGP 3.4bln, indices collectively down

    Date: 2014-04-28 16:10:22 GMT - Egypt - Economy - SN:74 - ID:692833

    Egyptian Exchange (EGX) indices went down at the end of today's trading, affected by the renewal of political concerns, after issuing rulings to ban the 6 April Youth Movement and execute rioters responsible for acts of vandalism in Minya ....

  • 33 vessels transit Suez Canal

    33 vessels transit Suez Canal

    Date: 2014-04-28 13:31:17 GMT - Egypt - Economy - SN:67 - ID:692423

    Thirty-three vessels passed through the Suez Canal on Monday, carrying a total cargo of 1.808 million tons. The south-bound convoy included 18 ships with a combined cargo of 891,000 tons, while the 18 ships of the north-bound convoy had a cargo ....

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