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Economy
- Service : English
- Category : Economy
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EGX gains EGP 4bn, main index hits record high in 45 months
Date: 2014-01-28 14:39:20 GMT - Egypt - Economy - SN:32 - ID:525452
The Egyptian Exchange (EGX) gained 4 billion pounds at the end of trading Tuesday on the back of strong purchases by Egyptian and Arab investment funds and amid optimism after the military council agreed to nominate Defense Minister Abdel-Fattah ....
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Gov't plans to shrink budget deficit from 14 % to 8 % in three years
Date: 2014-01-28 11:18:17 GMT - Egypt - Economy - SN:14 - ID:524941
The government is trying to shrink state budget deficit from 14 percent to 8 percent in the coming three years, the finance minister said. In statements on the fringe of a conference organized by the Beltone Financial Holding under the theme of ....
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EGP 5 bln T-bills auctioned
Date: 2014-01-27 19:52:04 GMT - Egypt - Economy - SN:78 - ID:524084
The Finance Ministry auctioned on Monday treasury bills at a total value of EGP 5 billion. In an online statement, the ministry said it sold EGP 1 billion of three-year T-bills with a 1.7 bid-to-cover ratio. The average yield was 12.74%, it ....
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Nile water level unchanged
Date: 2014-01-27 13:20:01 GMT - Egypt - Economy - SN:59 - ID:523352
The Nile River water level recorded 175.90 meters on Monday, the same reading of Sunday. According to a report presented to the Irrigation and Water Resources Ministry, water coming freshly to Lake Nasser today reached 100 million cubic meters. ....
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Minister forms working group to analyize food safety hazards
Date: 2014-01-27 11:00:04 GMT - Egypt - Economy - SN:43 - ID:522924
Trade and Industry Minister Monir Fakhri Abdel Nour issued on Monday a decision forming a working group to be tasked with analyzing food safety hazards as part of the ministry's efforts to preserve citizens' health. Abdel Nour said the working ....
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Green economy best solution for sustainable development in Egypt - minister
Date: 2014-01-27 10:57:46 GMT - Egypt - Economy - SN:42 - ID:522918
Egypt's irrigation minister stressed on Monday that the green economy is the best solution for achieving sustainable development in Egypt as it limits gas emissions, lowers pollution and boosts clean energy use. Mohamed Abdel Motleb, speaking at ....
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62,000 tons of products unfit for human consumption seized - minister
Date: 2014-01-27 10:21:33 GMT - Egypt - Economy - SN:32 - ID:522853
About 62,000 tons of products which are unfit for human consumption have been sized since the beginning of January and until now, announced Supply Minister Mohamed Abu-Shady on Monday. The spoiled products were sized as the result of campaigns ....
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Zazou: first Jeddah – Aswan direct flight to be operated Monday
Date: 2014-01-26 15:49:05 GMT - Egypt - Economy - SN:33 - ID:521798
Minister of Tourism Hisham Zazou said Sunday the first direct flight from Jeddah to Aswan is scheduled to be launched Monday to promote tourism in Upper Egypt. The flights are scheduled twice per week, Mondays and Thursdays. In a press ....
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91-, 266 T-bills auctioned
Date: 2014-01-26 14:54:04 GMT - Egypt - Economy - SN:26 - ID:521676
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 with a 2.98 bid-to-cover ratio. The average yield was 10.373%, it said, ....
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Bourse losses EGP 1.1 bln at end of trading
Date: 2014-01-26 14:07:14 GMT - Egypt - Economy - SN:25 - ID:521588
Indices of Egyptian Exchange (EGX) collectively declined on Sunday over profit-taking by Arab investors, while the Egyptian and foreign investors inclined to buying stocks. The market capital lost about 1.1 billion pounds to reach 443.3 billion ....
