Economy

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  • Egypt minister of petroleum, UAE official discuss bilateral cooperation

    Egypt minister of petroleum, UAE official discuss bilateral cooperation

    Date: 2013-12-03 17:47:02 GMT - United Arab Emirates - Economy - SN:64 - ID:421080

    Egypt's Minister of Petroleum and Mineral Resources Sherif Ismail and UAE Minister of State Sultan Al Jaber discussed Tuesday cooperation in the fields of oil industry and mining. Ismail said that some potential oil projects will be promoted ....

  • Travel Agents Association extends thanks to Zaazou over support

    Travel Agents Association extends thanks to Zaazou over support

    Date: 2013-12-03 17:28:12 GMT - Egypt - Economy - SN:60 - ID:421039

    Board of Directors of the Egyptian Travel Agents Association (ETAA) extended thanks Tuesday to Minister of Tourism Hisham Zaazou over his efforts to revive the tourism industry. ETAA's Chairman of the Board, Hossam Elshaer said that the ministry ....

  • Egypt, Sudan coordinate stance on Ethiopia dam

    Egypt, Sudan coordinate stance on Ethiopia dam

    Date: 2013-12-03 16:57:28 GMT - Egypt - Economy - SN:54 - ID:420966

    Water Resources Minister Mohamed Abdel Mottaleb held Tuesday talks with his Sudanese counterpart to prepare for a tripartite meeting comprising Egypt, Sudan and Ethiopia on Sunday in Khartoum. In light of Ethiopia's construction of the ....

  • Trading on Egyptian bourse draws back

    Trading on Egyptian bourse draws back

    Date: 2013-12-03 15:50:39 GMT - Egypt - Economy - SN:42 - ID:420835

    Trading on the Egyptian Exchange (EGX) took a downward trend on Tuesday on the backdrop of intensive sales by Egyptian individual investors and foreign corporations. The market capital lost about 790 million pounds to hit about 405.2 billion ....

  • Petroleum Ministry denies raising prices of gasoline, diesel

    Petroleum Ministry denies raising prices of gasoline, diesel

    Date: 2013-12-03 15:05:22 GMT - Egypt - Economy - SN:36 - ID:420746

    A spokesman for the Ministry of Petroleum has refuted news reports published in an independent newspaper on Tuesday claiming that the government is awaiting a political decision to raise the prices of gasoline and diesel. Hamdy Abdul-Aziz denied ....

  • 46 ships transit Suez Canal

    46 ships transit Suez Canal

    Date: 2013-12-03 14:30:35 GMT - Egypt - Economy - SN:31 - ID:420657

    Forty-six ships transited the Suez Canal on Tuesday carrying a cargo of 2.674 million tons. The south-bound convoy included 21 ships carrying 1.248 million tons, while the north-bound convoy comprised 25 vessels carrying 1.426 million tons. ....

  • CBE extends tourism support initiative to end of 2014

    CBE extends tourism support initiative to end of 2014

    Date: 2013-12-03 12:32:05 GMT - Egypt - Economy - SN:15 - ID:420349

    The Central Bank of Egypt (CBE) has decided to extend the tourism support initiative launched in March 2013 until December 2014, In a statement Tuesday, CBE Governor Hisham Ramez said tourism is a bedrock for economy and a main source of hard ....

  • Oil minister embarks on visit to UAE

    Oil minister embarks on visit to UAE

    Date: 2013-12-02 10:29:19 GMT - Egypt - Economy - SN:13 - ID:418088

    Minister of Petroleum Sherif Ismail left cairo on Monday for Abu Dhabi on a two-day visit to UAE for talks on bilateral cooperation in the oil, energy and investment domains. The Egyptian minister is scheduled to meet with his UAE counterpart ....

  • Egypt, Saudi Arabia sign electricity linkage deals next week -- minister

    Egypt, Saudi Arabia sign electricity linkage deals next week -- minister

    Date: 2013-12-02 08:09:23 GMT - Kingdom of Saudi Arabia - Economy - SN:6 - ID:417763

    Saudi Minister of Water and Electricity Abdullah Al-Hussayen said his country and Egypt signed in July a memorandum of understanding (MoU) for a project that will enable the two countries to exchange electricity. He said the deals of electricity ....

  • EGX approves new 4-year strategy

    EGX approves new 4-year strategy

    Date: 2013-12-01 17:40:16 GMT - Egypt - Economy - SN:60 - ID:417286

    The Egyptian Exchange ratified its strategy for the coming four years during a board meeting Sunday. The broad outline of the strategy is to handle existing challenges and move the Egyptian market from traditional market circles to new modern ....

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