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Economy
- Service : English
- Category : Economy
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Govt's resignation drives Egypt bourse up
Date: 2014-02-24 11:35:19 GMT - Egypt - Economy - SN:45 - ID:573682
The resignation of Hazem el-Beblawy's government drove Egypt's bourse up during the middle of the trading day on Monday, amid optimism that the new government would include an economic group which will be capable of reviving the economy. The EGX ....
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Bill drawn up to prevent illegal acts in jewellery industry - - minister
Date: 2014-02-24 10:13:51 GMT - Egypt - Economy - SN:38 - ID:573442
A bill is drawn up to prevent illegal acts in gold and sliver trade, said the supplies minister on Monday. The stamping bill will promote the jewellery industry in the country to be more competitive with the world one, said Mohamed Abu ....
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Amendments made to investment law - minister
Date: 2014-02-23 17:02:29 GMT - Egypt - Economy - SN:51 - ID:572430
New amendments were made to the investment law to offer guarantees in dealing with the government and ensure the government's respect to contracts, said Investment Minister Osama Saleh. The amendments were made to cope with the investment ....
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Transportation Min. says 300 railway crossings upgraded nationwide
Date: 2014-02-23 16:35:18 GMT - Egypt - Economy - SN:46 - ID:572396
Transportation Minister Ibrahim el-Demiry said on Sunday that some 300 of 800 railway crossings have been upgraded so far at the cost of EGP 4.3 billion. El-Demiry added that a contract was signed to deepen the Damietta port within fived months. ....
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91-, 266-day T-bills auctioned
Date: 2014-02-23 16:24:19 GMT - Egypt - Economy - SN:45 - ID:572371
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. The average yield was 10.151%, it said, adding it accepted bids at rates ....
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Foreign purchases drive Egyptian bourse up
Date: 2014-02-23 14:18:45 GMT - Egypt - Economy - SN:36 - ID:572102
Purchases by investment funds and foreign institutions drove Egyptian Exchange (EGX) indices up at the close of Sunday's trading to surpass 8,000 points first the first time since the global financial crisis in September 2008. The market capital ....
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Petroleum minister says developing Upper Egypt "top priority"
Date: 2014-02-23 14:02:46 GMT - Egypt - Economy - SN:33 - ID:572073
Developing Upper Egypt is a top priority for the government in general and for the petroleum sector in particular, affirmed Petroleum and Mineral Resources Minister Sherif Ismail. The petroleum sector achieved successes in the areas of south ....
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Transport minister visits Damietta port
Date: 2014-02-23 13:30:05 GMT - Egypt - Economy - SN:31 - ID:571977
Transport Minister Ibrahim el-Demiri paid a visit to Damietta port on Sunday and witnessed the signing of an agreement between Damietta port authority and el-Temsah Ship building company, one of the Suez Canal Authority's companies. The minister ....
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EGX main idex exceeds 8,000 points for 1st time since 2008 world crisis
Date: 2014-02-23 12:10:10 GMT - Egypt - Economy - SN:26 - ID:571748
The Egyptian Exchange (EGX)'s main index on Sunday went up exceeding 8,000 points for the first time since the world financial crisis in 2008 amid intensive buying of Egyptian stocks by investment funds and foreign foundations in the sectors of ....
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EGP 50bn in government investment funded by public treasury in 2014-2015 – Planning Minister
Date: 2014-02-23 11:14:56 GMT - Egypt - Economy - SN:22 - ID:571613
Planning and International Cooperation Minister Ashraf el-Araby said Sunday the value of government investments funded by the public treasury in 2014-2015 will not be less than EGP 50 billion. In statements, the minister added a meeting with ....
