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Economy
- Service : English
- Category : Economy
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Hermes shares drive Egypt bourse up
Date: 2014-01-09 15:07:41 GMT - Egypt - Economy - SN:37 - ID:488903
Shares of EFG-Hermes, one of the largest investment banks in the Middle East, drove Egypt Exchange (EGX) indexes up at the close of trading on Thursday, after it had approved a buyback plan that aims to return 1 billion Egyptian pounds to ....
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Egyptian bourse maintains its upturn trend
Date: 2014-01-09 11:37:20 GMT - Egypt - Economy - SN:19 - ID:488337
The Egyptian Exchange (EGX) indexes maintained their upturn trend on Thursday as Arab investors' purchases continued. The market capital gained about EGP 3 billion to hit EGP 435.2 billion against EGP 432.2 billion on Wednesday. The EGX 30 ....
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New metro line ready on April -- Cairo governor
Date: 2014-01-08 17:51:26 GMT - Egypt - Economy - SN:33 - ID:487155
Cairo governor Galal Moustafa announced on Wednesday that the opening of the third metro line of Abbasiya-Heliopolis will be on April 30. Also, 150 new minibuses will be introduced on February 20 on three phases; 50 minibuses each week, Moustafa ....
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Electricity sector not keen to increase prices - official
Date: 2014-01-08 17:31:55 GMT - Egypt - Economy - SN:31 - ID:487125
The electricity sector does not want to increase electricity prices, affirmed Chairman of the Egyptian Electricity Holding Company Gaber el-Desouki. Desouki made the remark when asked by MENA about the likelihood of raising electricity prices ....
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Egypt bourse turns blind eye to Morsi trial, gains EGP 2.8bln
Date: 2014-01-08 16:07:37 GMT - Egypt - Economy - SN:25 - ID:486939
The Egyptian Exchange (EGX) indexes turned a blind eye to the trial of ousted president Mohamed Morsi and achieved collective gains at the close of Wednesday's trading amid intensive purchases by Arab and foreign investors. The market capital ....
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Coordination with ministry of electricity to provide fuel constantly maintained - oil ministry
Date: 2014-01-07 12:42:37 GMT - Egypt - Economy - SN:43 - ID:484535
The oil and electricity sectors are in full and constant coordination round the clock to ensure sustained electricity and fuel needed to operate power plants, an official source at the Ministry of Petroleum said Tuesday. The oil sector provides ....
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Agriculture Minister says agriculture sector witnesses real reforms
Date: 2014-01-07 11:32:36 GMT - Egypt - Economy - SN:33 - ID:484337
Agriculture Minister Ayman Farid Abu-Hadid said on Tuesday that Egypt's agriculture sector is currently witnessing real reforms. During a rally held today, Abu-Hadid said the draft constitution is expected to increase the income of farmers as it ....
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Wheat stockpile at Alex. port hits up to one million tons
Date: 2014-01-07 09:36:36 GMT - Egypt - Economy - SN:29 - ID:484034
Alexandria port received two ships coming from Russia carrying 105,000 tons of wheat on Tuesday. This shipment brings the wheat stockpile at the harbor to more than one million tons. All customs measures were taken to unload the shipment and ....
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Egypt adopts prudent fiscal policy to attract more investment
Date: 2014-01-07 08:18:10 GMT - Egypt - Economy - SN:12 - ID:483788
Minister of planning and International Cooperation Ashraf el-Arabi has said the government adopts a prudent fiscal policy aiming at attracting more investments in the country. In an interview with Al-Hayat TV, Arabi said that the government has ....
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6 billion T-bills auctioned
Date: 2014-01-07 07:37:06 GMT - Egypt - Economy - SN:3 - ID:483701
The Finance Ministry on Monday auctioned bills at a total value of 6 billion pounds. In an online statement, the ministry said the average yield on the 5-year T-bills was 12.604 percent. As for the 10-year T-bills, they achieved average ....
