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Economy
- Service : English
- Category : Economy
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Egypt bourse loses EGP 3.4bln, indices collectively down
Date: 2014-04-28 13:21:30 GMT - Egypt - Economy - SN:65 - ID:692398
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 ....
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Beltone Financial granted Egypt's first ETF licence
Date: 2014-04-28 12:18:03 GMT - Egypt - Economy - SN:52 - ID:692211
The Egyptian Exchange (EGX) has granted Beltone Financial the country's first licence for exchange traded funds (ETF). The infrastructure and the regulations relating to the index funds are ready for work and within six weeks, said EGX chairman ....
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Nile water level unchanged
Date: 2014-04-28 11:50:20 GMT - Egypt - Economy - SN:51 - ID:692124
The Nile River water level recorded 174,98 meters on Monday, the same as the reading of Sunday. 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 ....
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91-day T-bills auctioned
Date: 2014-04-27 15:38:14 GMT - Egypt - Economy - SN:43 - ID:690698
The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 2 billion. In an online statement, the ministry said it sold EGP 2 billion of 91-day T-bills with an average yield of 10.423%, adding it accepted bids at rates ....
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Bourse loses EGP 2.7 bn
Date: 2014-04-27 14:47:52 GMT - Egypt - Economy - SN:38 - ID:690612
The Egyptian Exchange (EGX) indexes showed a varied performance during Sunday trading with the market waiting on companies to present their activity log for the first quarter of the year. The market capital lost about EGP 2.7 billion to reach EGP ....
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Electricity ministry hails initiative adopted by City Stars, Nile City Towers to lower power consumption by 20 percent
Date: 2014-04-27 13:17:28 GMT - Egypt - Economy - SN:30 - ID:690390
The Electricity and Energy Ministry hailed the national initiative adopted by City Stars Mall and Nile City Towers Mall to lower power consumption by 20 percent and rationalize energy consumption. In a statement Sunday, the ministry said that the ....
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Cooperation protocol signed between solidarity, administrative development ministries
Date: 2014-04-27 12:11:15 GMT - Egypt - Economy - SN:28 - ID:690235
A cooperation protocol has been signed between the Ministry of Local and Administrative Development and the Social Solidarity Ministry to upgrade administrative, information and technological performance of the solidarity ministry through updating ....
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Transport min. inspects 2nd stage of 3rd subway line
Date: 2014-04-27 11:52:17 GMT - Egypt - Economy - SN:25 - ID:690181
Minister of Transport Ibrahim el-Demeri inspected Sunday the second stage of the third subway line which will be opened within the coming few days. The line comprises four underground stations. Seven air conditioned trains are operated in this ....
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Egyptian GDRs in London show mixed performance
Date: 2014-04-25 18:57:52 GMT - United Kingdom - Economy - SN:43 - ID:687774
The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange showed mixed performance at the close of Friday's trading. The GDRs of Commercial International Bank (CIB) and Orascom Telecom dropped by 0.85 and 2.12 percent ....
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Agriculture ministry forms committee to estimate losses of Siwa fire
Date: 2014-04-25 14:10:11 GMT - Egypt - Economy - SN:23 - ID:687412
Agriculture Minister Ayman Farid Abu-Hadid on Friday formed an committee to estimate losses of a fire erupted in a Siwa village on Thursday. The minister ordered the committee to prepare a report on the blaze in order to compensate the affected ....
