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Economy
- Service : English
- Category : Economy
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Bourse hits highest record in three years as constitutional referendum starts
Date: 2014-01-14 09:53:26 GMT - Egypt - Economy - SN:15 - ID:497234
The Egyptian Exchange (EGX) hit Tuesday its highest record since 2010 as the two-day constitutional referendum started. The bourse gained 5 billion EGP, upping its market capital to 445.1 billion pounds amid optimism that the new constitution ....
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T-bills at EGP 5.5 billion auctioned
Date: 2014-01-12 14:59:39 GMT - Egypt - Economy - SN:23 - ID:494010
The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 5.5 billion. In an online statement, the ministry said it sold EGP 2 billion of 91-day T-bills with a 2.7 bid-to-cover ratio. The average yield was 10.342%, it said, ....
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Nile water level unchanged
Date: 2014-01-11 11:20:54 GMT - Egypt - Economy - SN:32 - ID:491721
The Nile River water level recorded 175.96 meters on Saturday, the same reading of Friday. According to a report presented to the Irrigation and Water Resources Ministry, water coming freshly to Lake Nasser today reached 75 million cubic meters. ....
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Agriculture minister cancels Brussels visit to take part in referendum
Date: 2014-01-11 11:18:54 GMT - Egypt - Economy - SN:30 - ID:491716
Minister of Agriculture and Land Reclamation Ayman Farid Abu Hadid decided to cancel his scheduled visit to Brussels, that comes upon an invitation from the European Union, because it coincides with the referendum on the new constitution, slated for ....
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3.236 million tourists visited Red Sea in 2013 - report
Date: 2014-01-11 10:10:21 GMT - Egypt - Economy - SN:24 - ID:491540
As many as 3.236 million tourists have checked in in hotels and resorts in the Red Sea last year, a recent report revealed. The peak was in May with 366,000 tourists, while the lowest point was in September with only 93,000 tourists visiting the ....
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Minimum wage policy to be applied as of Jan. - Finance Ministry
Date: 2014-01-10 15:04:18 GMT - Egypt - Economy - SN:50 - ID:490699
Necessary arrangements have been finalized to apply the minimum wage policy to civil servants as of this January, the Finance Minister said Friday. Ahmed Galal said the new raise will be set according to the post each employee holds. On ....
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Egyptian Exchange indexes up last week
Date: 2014-01-10 10:02:28 GMT - Egypt - Economy - SN:22 - ID:489911
The Egyptian Exchange indexes closed last week up and the market capital gained EGP 6.8 billion to hit EGP 453.6 billion. During the course of the week, the benchmark index EGX 30 jumped 2.4 percent to 6,975 points, said a weekly report issued by ....
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Zaazou opens tourism conf. in Luxor
Date: 2014-01-10 09:44:56 GMT - Egypt - Economy - SN:16 - ID:489885
Tourism Minister Hisham Zaazou opened a conference on the “future of tourism in Egypt” in the Upper city of Luxor on Friday. The event is organized by the Tourism Ministry and United Nations World Tourism Organization to discuss challenges facing ....
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10 tons of gold extracted from Sukari mine during last year
Date: 2014-01-09 15:34:41 GMT - Egypt - Economy - SN:45 - ID:488955
About ten tons of gold were extracted from the Sukari Gold Mine, located in the Eastern Desert, last year, said the media spokesman of the Sukari Corporation, Esmat el-Raghy. He, meanwhile, said that about 32 tons of gold have been extracted ....
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State employees' wages to be cashed on Jan. 22 - finance ministry
Date: 2014-01-09 15:19:40 GMT - Egypt - Economy - SN:41 - ID:488930
The monthly wages and salaries of state employees will be cashed on Wednesday, 22 January, the Finance Ministry has announced. The move came on the occasion of celebrating the anniversary of the January 25 Revolution, added the ministry. ....
