Economy

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  • World Bank launches consultations with Egypt for new strategy

    World Bank launches consultations with Egypt for new strategy

    Date: 2014-03-06 13:33:27 GMT - Egypt - Economy - SN:20 - ID:593898

    The World Bank Group (WBG) launched the preparation for a new partnership strategy with Egypt, which will guide the Group’s engagement in the country for the next five years, Hartwig Schafer, World Bank Country Director for Egypt, Yemen and ....

  • 4 bln pounds for roads, bridges investment in Upper-Egypt: Transport minister

    4 bln pounds for roads, bridges investment in Upper-Egypt: Transport minister

    Date: 2014-03-06 13:07:04 GMT - Egypt - Economy - SN:17 - ID:593812

    Four billion pounds are allocated to roads and bridges investment in Upper Egypt, said Transportation Minister Ibrahim al-Domeiry. This comes within the framework of the Transport Ministry's efforts to contribute to the development of Upper-Egypt ....

  • Zazou calls for Germans to visit, invest in Egypt

    Zazou calls for Germans to visit, invest in Egypt

    Date: 2014-03-06 12:17:27 GMT - Egypt - Economy - SN:12 - ID:593665

    Egyptian Minister of Tourism Hisham Zazou said Egypt is a secure touristic place which warmly welcomes its guests while taking many steps to promote security performance and improve the security situation in Egypt. Zazou said in a press ....

  • Hundreds of Ceramica Cleopatra workers continue strike for 4th day

    Hundreds of Ceramica Cleopatra workers continue strike for 4th day

    Date: 2014-03-06 11:13:26 GMT - Egypt - Economy - SN:5 - ID:593486

    Hundreds of the Ceramica Cleopatra factory workers in Ain Sokhna, Suez continued their strike on Thursday for the fourth day to protest the delayed payment of their dues. They also call for the return of the trade union leaderships to the ....

  • Jordan, Egypt, Iraq to sign agreements on natural gas

    Jordan, Egypt, Iraq to sign agreements on natural gas

    Date: 2014-03-05 18:48:41 GMT - Jordan - Economy - SN:77 - ID:592564

    Jordan, Egypt and Iraq is expected to sign Wednesday two agreements in the field of natural gas, said a statement by the Petroleum Ministry on Wednesday. Petroleum Minister Sherif Ismail and Iraqi Oil Minister Abdul Karim Luaibi arrived ....

  • Arab purchases push Egypt bourse to gain EGP 3.8bln

    Arab purchases push Egypt bourse to gain EGP 3.8bln

    Date: 2014-03-05 14:52:11 GMT - Egypt - Economy - SN:65 - ID:592137

    The Egyptian Exchange (EGX) continued its upward trend for the second consecutive day on Wednesday, backed by purchases by Arab investors. The market capital gained 3.8 billion pounds to reach 491 billion pounds, after transactions reached 1.6 ....

  • UK officials positively reconsidering stance regarding situation in Egypt -- Minister

    UK officials positively reconsidering stance regarding situation in Egypt -- Minister

    Date: 2014-03-05 14:43:09 GMT - United Kingdom - Economy - SN:63 - ID:592114

    Trade and Industry Minister Mounir Fakhri Abdel-Nour has said that UK officials are positively reconsidering their stance toward the situation in Egypt. "My impressions about the visit are very positive," Abdel-Nour told MENA correspondent in ....

  • Egypt keen on improving investment climate -- Minister

    Egypt keen on improving investment climate -- Minister

    Date: 2014-03-05 13:23:26 GMT - Egypt - Economy - SN:57 - ID:591898

    The Egyptian government is keen on improving the investment climate and solving the energy problem it is facing, Trade and Industry Minister Mounir Fakhri Abdel-Nour said during his visit to the UK. Cairo will sure act to ease burdens on ....

  • 36 vessels transit Suez Canal

    36 vessels transit Suez Canal

    Date: 2014-03-05 13:19:43 GMT - Egypt - Economy - SN:59 - ID:591908

    Thirty-six vessels passed through the Suez Canal on Wednesday, carrying a total cargo of 2.332 million tons. The south-bound convoy of 21 ships had a cargo of 1.335 million tons while the combined cargo of the 15 ships of the north-bound convoy ....

  • Tourism Minister inaugurates Egyptian pavilion at ITB Berlin

    Tourism Minister inaugurates Egyptian pavilion at ITB Berlin

    Date: 2014-03-05 13:18:43 GMT - Germany - Economy - SN:58 - ID:591906

    Egypt's Tourism Minister Hisham Zaazou inaugurated Wednesday the Egyptian pavilion at the International Tourism Bourse (ITB) Berlin, which takes place from March 5-9. During the ITB Berlin, Zaazou will review efforts exerted by the ministry to ....

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