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Economy
- Service : English
- Category : Economy
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91, 266-day T-bills auctioned
Date: 2013-12-22 14:20:10 GMT - Egypt - Economy - SN:29 - ID:455586
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 2.74 bid-to-cover ratio. The average yield was 10.571%, it said, ....
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Investment minister meets with Egyptian business tycoon Yassin Mansour
Date: 2013-12-22 10:24:19 GMT - Egypt - Economy - SN:16 - ID:455042
Investment Minister Osama Saleh met with Egyptian businessman Yassin Mansour, chairman of Egyptian conglomerate Mansour Group and real estate developer Palm Hills, for talks on his future investments in Egypt and the Arab countries. Mansour, who ....
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Egypt in contacts with Sudan, Ethiopia to resolve differences on controversial dam -- minister
Date: 2013-12-21 18:25:52 GMT - Egypt - Economy - SN:55 - ID:454314
Egypt's Water Resources Minister Mohamed Abdel-Motleb said on Saturday that Cairo has set a deadline between six months to one year for a panel of experts with Sudan and Ethiopia to complete a study of the project of a controversial dam in ....
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Tourism minister attends sun-struck phenomenon in Fayyoum
Date: 2013-12-21 13:39:28 GMT - Egypt - Economy - SN:37 - ID:453837
Tourism Minister Hisham Zaazou underlined the importance of observing ancient events to induce tourism back to the Egyptian market. Speaking to MENA after observing the sun’s alignment with the ancient temple of Qasr Qarun in Fayyoum, Zaazou said ....
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Industry minister says EGP 1.5bn allocated for upgrading 35 industrial zones
Date: 2013-12-21 10:42:14 GMT - Egypt - Economy - SN:32 - ID:453470
Trade and Industry Minister Mounir Fakhri Abdel-Nour said a mechanism has been agreed on how to complete the infrastructure of 35 industrial zones using 1.5 billion pounds allocated by the Finance Ministry for the purpose. Cooperation protocols ....
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IMC prepares study to reduce energy consumption by 20 pct in 2022
Date: 2013-12-21 09:43:28 GMT - Egypt - Economy - SN:26 - ID:453354
The Industrial Modernization Center (IMC) prepared a study aiming to reduce energy consumption by 20 percent in 2022. In a statement Saturday, Head of the Information and Decision Support Center (IDSC) Sherif Badr underlined the importance of the ....
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Egyptian GDRs in London show mixed performance
Date: 2013-12-21 07:03:29 GMT - United Kingdom - Economy - SN:3 - ID:453042
The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange showed mixed performance at the close of Friday's trading. The GDRs of the Commercial International Bank rose by 4.76 percent, while EFG-Hermes GDRs stayed at ....
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Egyptian Exchange indexes up last week
Date: 2013-12-20 11:33:48 GMT - Egypt - Economy - SN:7 - ID:452019
The Egyptian Exchange indexes closed last week up and the market capital gained EGP 6.25 billion to hit EGP 423 billion. During the course of the week, the benchmark index EGX 30 jumped 2.17 percent to 6,748 points, said a weekly report issued by ....
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Egypt records $3.7bln surplus in balance of payments within 3 months - CBE
Date: 2013-12-19 15:57:13 GMT - Egypt - Economy - SN:44 - ID:451039
The Central Bank of Egypt (CBE) stated that Egypt’s transactions with the world unfolded an overall Balance of Payments (BOP) surplus of 3.7 billion dollars, during July-September, against a deficit of 518.7 million dollars in the same period last ....
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EBRD funds projects worth $50 million in Egypt
Date: 2013-12-19 15:21:14 GMT - United Kingdom - Economy - SN:40 - ID:450957
The European Bank for Reconstruction and Development (EBRD) signed a 50-million-dollar agreement to support funding small and medium enterprises (SMEs) in Egypt. In a statement, the London-based EBRD said that the agreement, which was signed ....
