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Economy
- Service : English
- Category : Economy
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EGX starts implementing executive rules for ETFs, market makers, block deals
Date: 2014-04-07 15:37:47 GMT - Egypt - Economy - SN:61 - ID:654932
Egyptian Exchange (EGX) chairman Mohamed Omran issued a decision to implement the executive rules for ETFs, Market Makers and Block Deals. The rules were endorsed by the Egyptian Financial Supervisory Authority (EFSA), after they were ....
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Economic ministerial group approves to continue covering wage deficit at spinning, weaving companies
Date: 2014-04-07 11:59:54 GMT - Egypt - Economy - SN:52 - ID:654377
The ministerial economic panel, under Prime Minister Ibrahim Mahlab, underlined during its meeting on Monday the importance of laying out a mechanism to support the faltering factories through the banking sector. The committee also approved ....
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Real estate investment funds "crucial" to Egyptian economy - FSA chief
Date: 2014-04-07 11:56:23 GMT - Egypt - Economy - SN:50 - ID:654362
Establishing real estate investment funds is an important step to support and flourish the Egyptian economy, said Head of the Financial Supervisory Authority (FSA) Sherif Sami. Amendments to regulations on investments funds have been finalized, ....
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Nile water level down by 1 cm
Date: 2014-04-07 11:28:56 GMT - Egypt - Economy - SN:46 - ID:654260
The Nile River water level dropped Monday, recording 175.24 meters, one centimeter less than yesterday. Water released from the Aswan Dam reached 155 million cubic meters and the amount of water coming freshly to Lake Nasser reached 103 million ....
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Industry minister witnesses signing of $1.7 bln petrochemical compound deal
Date: 2014-04-07 10:54:51 GMT - Egypt - Economy - SN:40 - ID:654151
Egypt's Trade, Industry and Investment Minister Munir Abdel-Nour witnessed on Monday the signing of a deal with an Italian group to establish a petrochemical compound at a total investment of $1.7 billion. Italy-based Maire Tecnimont, in ....
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Egypt's foreign reserves up at dlrs 17.414 bn during March
Date: 2014-04-07 09:35:46 GMT - Egypt - Economy - SN:35 - ID:653926
Egypt's foreign reserves rose to 17.414 billion dollars in March, the Central Bank of Egypt said on Monday. The latest figure shows an increase by 107 million dollars to reach dlrs 17.414 billion in March against 17.307 billion dollars in the ....
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91-, 273-day T-bills auctioned
Date: 2014-04-06 16:16:39 GMT - Egypt - Economy - SN:29 - ID:652953
The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 5 billion. In an online statement, the ministry said it sold EGP 2 billion of 91-day T-bills with an average yield of 10.417%, adding it accepted bids at rates ....
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1.3 trillion pounds in total banking deposits in January - CBE
Date: 2014-04-06 15:07:38 GMT - Egypt - Economy - SN:25 - ID:652817
Total deposits of the banking system, other than the central bank’s deposits, hiked by about nine billion pounds to hit 1.325 trillion pounds in January compared to 1.316 trillion pounds in December, the Central Bank of Egypt (CBE) announced on ....
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Bourse indexes decline sharply in late trading
Date: 2014-04-06 14:23:00 GMT - Egypt - Economy - SN:23 - ID:652717
The Egyptian Exchange (EGX) indexes went down collectively during late trading on Sunday, losing the gains it made in the morning, due to intensive share sales by Egyptian investors. The main benchmark EGX 30 index went down by 1.5 percent, ....
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Minister:Firms registration hits 9-year high
Date: 2014-04-05 12:22:41 GMT - Egypt - Economy - SN:31 - ID:650563
Trade, Industry and Investment Minister Mounir Fakhri Abdel-Nour said that the establishment of new companies during March 2013 has reached its highest level in nine years, as 855 companies, with a capital of 549.1 billion EGP have been ....
