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Economy
- Service : English
- Category : Economy
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Zaazou launches more inspection committees of tourism companies
Date: 2014-02-23 09:24:18 GMT - Egypt - Economy - SN:16 - ID:571359
Minister of Tourism Hisham Zaazou asked tourism companies to launch more field inspection tours of companies operating in the tourism field to follow up their commitment to law no. 38 of 2008 in this respect. Committees formed for that purpose ....
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Nile water level drops 1 cm
Date: 2014-02-22 12:40:41 GMT - Egypt - Economy - SN:45 - ID:570049
The Nile River water level dropped to 175.65 meters on Saturday, one centimeter less than Friday's reading, said the Irrigation and Water Resources Ministry. Water released from the High Dam today reached 145 million cubic meters. The released ....
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EHCSS chief, members sacked over losses
Date: 2014-02-22 12:33:45 GMT - Egypt - Economy - SN:41 - ID:570015
Supply and Internal Trade Minister Mohamed Abu-Shady sacked the chief and members of the Egyptian Holding Company for Silos and Storage (EHCSS) due to the company's failure to achieve its targets during fiscal 2012-2013. The company also incurred ....
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5,500 tourists arrive at Hurghada airport
Date: 2014-02-21 14:49:27 GMT - Egypt - Economy - SN:12 - ID:568649
As many as 5,500 tourists of different nationalities arrived at Hurghada airport Friday. In statements, an official said 39 planes, including 31 international and 8 domestic flights, landed at the airport earlier in the day carrying the ....
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Egyptian Exchange indexes up last week
Date: 2014-02-21 13:11:07 GMT - Egypt - Economy - SN:6 - ID:568460
The Egyptian Exchange indexes closed last week up and the market capital gained EGP 14.5 billion to hit EGP 485 billion. During the course of the week, the benchmark index EGX 30 jumped 3.98 percent to 7,893 points, said a weekly report issued by ....
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Egypt bourse continues upward trend
Date: 2014-02-20 14:36:24 GMT - Egypt - Economy - SN:18 - ID:567025
The Egyptian Exchange (EGX) continued its upward trend at the end of trading on Thursday, backed by intensive purchases by foreign and Arab investors and institutions. The market capital gained 2.7 billion pounds to increase its weekly gains to ....
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Interior, tourism ministers inspect security conditions in Sharm
Date: 2014-02-20 14:34:31 GMT - Egypt - Economy - SN:17 - ID:567020
Interior Minister Mohamed Ibrahim, Tourism Minister Hisham Zaazou and South Sinai Governor Khaled Fouda made a field tour of Sharm El-Sheikh on Thursday to check on the security situation. A closed meeting was then held with security officials to ....
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182-, 364-day T-bills auctioned
Date: 2014-02-20 14:18:03 GMT - Egypt - Economy - SN:15 - ID:566984
The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 6 billion. In an online statement, the ministry said it sold EGP 2.5 billion of 182-day T-bills. The average yield was 10.551%, it said, adding it accepted bids at ....
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Abu Shady sacks automatic bakery manager for bad bread quality
Date: 2014-02-20 13:58:39 GMT - Egypt - Economy - SN:13 - ID:566907
Minister of Supply and Internal Trade Mohamed Abu Shady decided during his inspection tour in 6th October city to sack a manager of an automatic bakery. The bakery produces subsidized bread in El-Sheikh Zayed city. The minister's decision comes ....
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World bank expects Egypt's inflation rate to be as high as 10.2% in 2013/2014
Date: 2014-02-20 13:26:13 GMT - Egypt - Economy - SN:11 - ID:566831
The World Bank expected that the inflation rate in Egypt will remain as high as 10.2 percent in the 2013/2014 fiscal year in light of the current economic conditions in Egypt. The bank, in its quarterly economic report, attributed the continued ....
