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Economy
- Service : English
- Category : Economy
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Ambitious economic activation plan for 2014 - minister
Date: 2013-12-30 11:53:46 GMT - Egypt - Economy - SN:44 - ID:469585
Despite the economic slowdown in Egypt in 2013 with the budget deficit reaching 240 billion EGP and trade balance deficit standing at 32 billion EGP, the Egyptian government has prepared an ambitious plan for activating the Egyptian economy, the ....
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Egypt signs oil exploration agreements with British firm
Date: 2013-12-30 11:51:54 GMT - Egypt - Economy - SN:43 - ID:469580
Egypt signed on Monday two oil and gas exploration agreements with Dana Petroleum of Britain at investments of $24 million. Under the accords, the British firm's arm in Egypt will explore oil and gas in two concessions in western Dakhla in the ....
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Two mega bakeries planned in New Valley -- minister
Date: 2013-12-30 10:53:02 GMT - Egypt - Economy - SN:38 - ID:469439
Two mega bakeries will be established in Kharja and Dakhla cities as the state-subsidized flour share of the New Valley will be increased by 120 tons, said Supplies Minister Mohamed Abu-Shadi. The decision was announced during a meeting with the ....
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Tourism occupancy rates in Sokhna will reach 90% on New Year's Eve – Suez Governor
Date: 2013-12-30 10:50:18 GMT - Egypt - Economy - SN:36 - ID:469431
Suez Governor Araby El Serwi said Monday tourism occupancy rates in Ein Sokhna and Zafranah hotels and resorts will reach 90% on the New Year's Eve to rise to 100% in the mid-year holiday. In a statement, he said concerts and entertainment ....
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Egypt eyes one million Indian tourists within 3 years
Date: 2013-12-30 08:25:59 GMT - Egypt - Economy - SN:13 - ID:469033
The Egyptian Tourist Authority (ETA) signed on Sunday a protocol of cooperation with the Indian Association of Tour Operators (IATO) to lure more Indian tourists to Egypt, said Governor of Luxor Tareq Saad el-Din. The agreement aims to attract ....
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Mixed performance at EGX, main index down 0.56%
Date: 2013-12-29 15:48:46 GMT - Egypt - Economy - SN:64 - ID:468268
The Egyptian Exchange showed mixed performance on Sunday affected by sale operations by foreign investment funds and institutions. The market capital lost EGP 500 million to reach EGP 425.5 billion. The EGX 30 benchmark index dropped by 0.56 ....
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91, 273-day T-bills auctioned
Date: 2013-12-29 15:00:39 GMT - Egypt - Economy - SN:60 - ID:468176
The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 4.5 billion. In an online statement, the ministry said it sold EGP 1.5 billion of 91-day T-bills with a 2.9 bid-to-cover ratio. The average yield was 10.533%, it ....
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Egypt, India sign tourism coop. protocol in Luxor
Date: 2013-12-29 14:54:06 GMT - Egypt - Economy - SN:58 - ID:468170
Tourism Minister Hisham Zazou and Civil Aviation Minister Abdulaziz Fadel attended on Sunday the signing ceremony of the protocol of cooperation between the Egyptian Tourism Promotion Authority (ETPA) and The Indian Association of Tour Operators ....
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Inflation rates up to 10.2 percent in 2013
Date: 2013-12-29 12:49:48 GMT - Egypt - Economy - SN:48 - ID:467849
Inflation rates rose to 10.2 percent from January to November, said the head of the Central Agency for Public Mobilization and Statistics (CAPMAS). Unemployment rates upped to 13.4 percent. Poverty rates have also went up to 26.3 percent, ....
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Treatment at state expense down by 7.2 percent in October - CAPMAS
Date: 2013-12-29 09:13:26 GMT - Egypt - Economy - SN:18 - ID:467319
The cost of treatment at state expense at home declined by 7.2 percent in October of 2013 compared with the month before, said the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday. At an annual rate, the cost of treatment ....
