Economy

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  • Category : Economy
  • Nilesat gains $46.5mn in 2013

    Nilesat gains $46.5mn in 2013

    Date: 2014-02-18 13:51:38 GMT - Egypt - Economy - SN:46 - ID:562572

    The Egyptian Satellite Company (Nilesat) has posted a net profit of 46.556 million dollars during the fiscal year of 2013, compared to a net profit of 32.3 million during the same period a year earlier, to represent an increase of ....

  • Investment Minister meets Beyti managing director

    Investment Minister meets Beyti managing director

    Date: 2014-02-18 13:40:34 GMT - Egypt - Economy - SN:44 - ID:562540

    Investment Minister Osama Saleh received on Tuesday the managing director of the International Company for Dairy and Juices - Beyti- to discuss the company’s plan to expand its investments in Egypt in the coming phase. The company seeks to pump ....

  • 39 vessels transit Suez Canal

    39 vessels transit Suez Canal

    Date: 2014-02-18 13:10:43 GMT - Egypt - Economy - SN:40 - ID:562456

    Thirty-nine vessels transited the Suez Canal on Tuesday in two convoys carrying a cargo of 1.675 million tons. The south-bound convoy included 14 ships carrying 631,000 tons, while the north-bound convoy included 25 vessels carrying a cargo of ....

  • Nile water level drops 2 cms

    Nile water level drops 2 cms

    Date: 2014-02-18 12:02:36 GMT - Egypt - Economy - SN:30 - ID:562255

    The Nile River water level dropped to 175.74 meters on Tuesday, two centimeters less than yesterday's reading, said the Irrigation and Water Resources Ministry. Water released from the High Dam today reached 140 million cubic meters. The ....

  • T-bonds auctioned at EGP 6 billion

    T-bonds auctioned at EGP 6 billion

    Date: 2014-02-17 17:06:58 GMT - Egypt - Economy - SN:70 - ID:560960

    The Finance Ministry auctioned 2-year, 4-year and 7-year treasury bonds at a total value of 6 billion pounds on Monday. In an online statement, the ministry said it sold EGP 2 billion of 2-year treasury bonds (maturing on February 4, 2016) and ....

  • Finance minister confers with Kuwaiti counterpart on fringe of AL meetings

    Finance minister confers with Kuwaiti counterpart on fringe of AL meetings

    Date: 2014-02-17 12:51:02 GMT - Egypt - Economy - SN:53 - ID:560365

    Finance Minister Ahmad Galal conferred on Monday with his Kuwaiti counterpart Anas Al-Saleh on the fringe of Kuwait's participation in the Arab League meetings. In a statement released on Monday, Galal said the meeting took up means of expanding ....

  • CAPMAS: Unemployment rate in 4th quarter of 2013 remained stable at 13.4 percent

    CAPMAS: Unemployment rate in 4th quarter of 2013 remained stable at 13.4 percent

    Date: 2014-02-17 12:25:49 GMT - Egypt - Economy - SN:50 - ID:560284

    Unemployment rate during the fourth quarter of 2013 remained stable at 13,4 percent with the number of jobless people reaching 3.6 million of the total workforce, compared with the previous quarter of the same year, Central Agency for Public ....

  • Referendum on withdrawing from EU will harm economy - England Bank governor

    Referendum on withdrawing from EU will harm economy - England Bank governor

    Date: 2014-02-17 12:24:26 GMT - United Kingdom - Economy - SN:49 - ID:560281

    Bank of England governor Mark Carney warned that the plans of British Prime Minister David Cameron to hold a referendum on withdrawing from the European Union (EU) will harm the economy. Businessmen may halt their investments due to the ....

  • Taba terrorist attack has limited effect on bourse performance - financial expert

    Taba terrorist attack has limited effect on bourse performance - financial expert

    Date: 2014-02-17 12:05:33 GMT - Egypt - Economy - SN:47 - ID:560226

    The bombing of a tourist bus in Taba, that killed three South Koreans tourists and the Egyptian driver yesterday, had a limited effect on the performance of the Egyptian Exchange (EGX), said financial expert Ahmed Abdel-Hamid. The market's ....

  • Nile water level drops two centimeters

    Nile water level drops two centimeters

    Date: 2014-02-17 12:01:10 GMT - Egypt - Economy - SN:45 - ID:560199

    The Nile River water level dropped to 175.76 meters on Monday, two centimeters less than yesterday's reading, said the Irrigation and Water Resources Ministry. Water released from the High Dam today reached 140 million cubic meters. The ....

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