Economy

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  • Nile water level drops 2 cms

    Nile water level drops 2 cms

    Date: 2014-02-25 14:13:16 GMT - Egypt - Economy - SN:39 - ID:576273

    The Nile River water level dropped to 175.6 meters on Tuesday, two centimeters less than Monday's reading, said the Irrigation and Water Resources Ministry. Water released from the High Dam today reached 145 million cubic meters, said a report ....

  • EGX chairman says economy needs political desire to achieve reform

    EGX chairman says economy needs political desire to achieve reform

    Date: 2014-02-25 13:06:08 GMT - Egypt - Economy - SN:31 - ID:576108

    The chairman of the Egyptian Exchange (EGX) Tuesday stressed the need to have a "political desire to achieve reform" in order for the national economy to rebound. This political will, however, should exist under a strong state, Mohamed Omran said ....

  • Agriculture Ministry puts forward strategy for sustainable development

    Agriculture Ministry puts forward strategy for sustainable development

    Date: 2014-02-25 12:09:02 GMT - Egypt - Economy - SN:21 - ID:575914

    The Agriculture Ministry has put forward a strategy to achieve sustainable development until 2030, said caretaker Agriculture Minister Ayman Farid. The remarks were made during a symposium organized by Faculty of Economics and Political Science ....

  • Umran: Investors upbeat over future conditions in Egypt

    Umran: Investors upbeat over future conditions in Egypt

    Date: 2014-02-25 11:42:09 GMT - Egypt - Economy - SN:19 - ID:575836

    Head of the Egyptian Exchange (EGX) Mohammad Umran asserted that investors in the capital market are buying shares based on their future expectations for economic conditions in Egypt in the medium and long terms. In statements to MENA on Tuesday, ....

  • Bourse's main index moves upward after govt resignation

    Bourse's main index moves upward after govt resignation

    Date: 2014-02-24 16:46:25 GMT - Egypt - Economy - SN:83 - ID:574617

    The main index of the Egyptian Exchange (EGX) managed to move upward at the end of today's trading, backed by intensive purchases by foreign and Egyptian investors after the government's resignation. The market capital gained about 900 million ....

  • Coordination between tourism ministry, ETAA

    Coordination between tourism ministry, ETAA "underway," says official

    Date: 2014-02-24 13:39:40 GMT - Egypt - Economy - SN:69 - ID:574140

    Tourism Minister Hisham Zazou urged the sector of tourism companies to work out new solutions to encounter current difficult circumstances that the tourism sector is witnessing. Coordination with the Egyptian Travel Agents Association (ETAA) is ....

  • Egypt auctions T-bonds

    Egypt auctions T-bonds

    Date: 2014-02-24 13:31:50 GMT - Egypt - Economy - SN:63 - ID:574120

    The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 6 billion. In an online statement, the ministry said it sold EGP 2 billion of each of 5-year, 10-year and zero-coupon treasury bonds. A coupon of 13.058% was ....

  • 45 vessels transit Suez Canal

    45 vessels transit Suez Canal

    Date: 2014-02-24 12:42:41 GMT - Egypt - Economy - SN:57 - ID:573940

    Forty-five vessels transited the Suez Canal on Monday, carrying a total cargo of 2.839 million tons. The south-bound convoy included 20 ships carrying 1.243 million tons, while the north-bound convoy included 25 vessels carrying a cargo of 1.596 ....

  • Nile water level drops 2 cms

    Nile water level drops 2 cms

    Date: 2014-02-24 12:41:31 GMT - Egypt - Economy - SN:56 - ID:573926

    The Nile River water level dropped to 175.62 meters on Monday, two centimeters less than Sunday's reading, said the Irrigation and Water Resources Ministry. Water released from the High Dam today reached 145 million cubic meters. The released ....

  • Aviation movement at Sharm EL-Sheikh regular

    Aviation movement at Sharm EL-Sheikh regular

    Date: 2014-02-24 12:04:19 GMT - Egypt - Economy - SN:49 - ID:573782

    Director General of Sharm EL-Sheikh International Airport Abdel Wahab Ali Abdel Wahab said aviation movement at the airport is regular as 189 flights have landed and taken off over the past 24 hours, carrying 28,747 tourists of various ....

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