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Economy
- Service : English
- Category : Economy
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EGX retreats on political uncertainty
Date: 2014-03-16 15:43:58 GMT - Egypt - Economy - SN:39 - ID:612908
The Egyptian Exchange (EGX) retreated at the close of trading on Sunday because of uncertainty over the timing of a hoped-for presidential bid by Field Marshal Abdel Fattah el-Sisi and the final issuance of the presidential elections law. The ....
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Agriculture minister orders formation of 3 outlets to sell Halayeb, Shalateen products
Date: 2014-03-16 15:42:49 GMT - Egypt - Economy - SN:38 - ID:612905
Agriculture and Land Reclamation Minister Ayman Farid Abu-Hadid ordered the formation of three outlets in Cairo, Alexandria and Hurghada to sell Halayeb and Shalateen products in order to encourage farmers and fishermen. The minister also ordered ....
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Zaazou continues meetings with tour operators in Moscow fair
Date: 2014-03-16 15:24:37 GMT - Egypt - Economy - SN:36 - ID:612876
The Egyptian tourist sector is committed to keep working on improving the quality of services offered to Russian tourists, said Tourism Minister Hisham Zaazou. During a tour at the 9th International Trade Fair for Travel & Tourism - Intourmarket ....
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Abdel-Nour to visit Sudan Monday
Date: 2014-03-16 14:19:18 GMT - Egypt - Economy - SN:31 - ID:612751
Trade, Industry and Investment Minister Mounir Fakhry Abdel-Nour will start Monday a two-day visit to Khartoum along with a businessmen delegation. Abdel-Nour and the delegation, which includes a number of members of the Federation of Egyptian ....
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91-, 273-day T-bills auctioned
Date: 2014-03-16 13:48:25 GMT - Egypt - Economy - SN:28 - ID:612701
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 10.244%, adding it accepted bids at rates ....
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Supplies minister: Imported rice quotas to be included on ration cards
Date: 2014-03-16 07:56:49 GMT - Egypt - Economy - SN:7 - ID:611758
Minister of Supplies and Internal Trade Khaled Hanafy said Sunday that imported rice will be available along with the local quotas included in the ration cards as of April. In a meeting with ration rice suppliers, the minister asserted that ....
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EFG-Hermes welcomes CBE decision to offer dollars to foreign investors
Date: 2014-03-15 07:46:18 GMT - United Arab Emirates - Economy - SN:16 - ID:609902
The Egyptian Financial Group Hermes Holding (EFG-Hermes) welcomed a decision by the Central Bank of Egypt (CBE) to cover 50% of US dollars owed to foreign investors, so they can freely enter and exit the Egyptian stock exchange. The decision will ....
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Egyptian GDRs in London show mixed performance
Date: 2014-03-15 07:26:06 GMT - United Kingdom - Economy - SN:7 - ID:609860
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 Orascom Construction Industries and the Commercial International Bank (CIB) dropped by 9.25, ....
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Bourse indexes show mixed performance
Date: 2014-03-13 15:43:33 GMT - Egypt - Economy - SN:40 - ID:607630
The Egyptian Exchange (EGX) indexes showed mixed performance amid high expectations that Defense Minister Field Marshal Abdel-Fattah el-Sisi will announce running in the presidential election after former chief-of-staff Lieutenant General Sami Anan ....
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New tax bill "just proposal" by some businessmen - finance minister
Date: 2014-03-13 15:16:22 GMT - Egypt - Economy - SN:37 - ID:607588
A bill imposing taxes on wealth is "just a proposal" put forward by a number of businessmen, said Finance Minister Hani Qadri. The proposal was submitted to the government of former prime minister Hazem el-Beblawy, Qadri added in statements ....
