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Economy
- Service : English
- Category : Economy
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S&P upgrades credit ratings for three Egyptian banks
Date: 2013-11-19 06:03:12 GMT - Egypt - Economy - SN:2 - ID:394606
Standard & Poor's upgraded its long-term ratings on National Bank of Egypt (NBE), Banque Misr (BM), and the Commercial International Bank (CIB) to 'B-' from 'CCC+. Standard & Poor's Ratings had earlier raised its long- and short-term foreign and ....
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Bid requirements of Suez Canal development project prepared - Mamish
Date: 2013-11-18 15:40:40 GMT - Egypt - Economy - SN:71 - ID:394043
Chairman of the Suez Canal Authority Mohab Mamish said that the bid requirements of the 'Suez Canal Development Project' have been prepared. The bid requirements of the project have been finalized in cooperation with the Transportation Ministry ....
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Egypt bourse resumes upward trend, gains EGP 3bln
Date: 2013-11-18 15:38:23 GMT - Egypt - Economy - SN:70 - ID:394038
The Egyptian Exchange (EGX) continued its upward trend on Monday, backed by investors' confidence in the political stability indicators and the visit of Prime Minister Hazem el-Beblawy to Tahrir Square, one day before the anniversary of the Mohamed ....
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T-bonds auctioned at EGP 3 billion
Date: 2013-11-18 15:36:15 GMT - Egypt - Economy - SN:68 - ID:394030
The Finance Ministry auctioned 3-year and 7-year treasury bonds at a total value of 3 billion pounds on Monday. In an online statement, the ministry said that average yield on the 3-year T-bonds was 12.05 %, adding it accepted bids at rates ....
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Egyptian company, GE sign $500-mln project agreement
Date: 2013-11-18 12:20:15 GMT - Egypt - Economy - SN:50 - ID:393602
Egypt's Carbon Holdings and General Electric Co signed a $500-million dollar agreement on Monday to provide support in the building of a liquid cracker at a petrochemicals complex on the Gulf of Suez. Trade and Industry Minister Munir Fakhry ....
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53 ships transit Suez Canal
Date: 2013-11-18 08:48:17 GMT - Egypt - Economy - SN:18 - ID:393029
Fifty-three ships transited the Suez Canal on Monday, carrying a total cargo of 2.805 million tons. The south-bound convoy included 28 ships, carrying 1.535 million tons, while the north-bound convoy included 25 ships, carrying 1.270 million tons. ....
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Minya governor asserts tomato crop proplems-free
Date: 2013-11-17 19:00:05 GMT - Egypt - Economy - SN:77 - ID:392596
Minya Governor Major General Salah Zyada said that the governorate's tomato crop is free from any problems concerning growing, trading or consumption. An agriculture department team asserted that the crop is free from any problems, a report ....
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New grain storage system to save EGP 4bln in annual losses: Agriculture Minister
Date: 2013-11-17 18:51:59 GMT - Egypt - Economy - SN:76 - ID:392589
The government has started the implementation of an urgent program through which it is planning to reduce wheat waste. Agriculture Minister Ayman Abu-Hadid said the government sustains losses of EGP 4 billion annually due to the waste which is ....
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Finance minister delegates Mohamed el-Salhawy as chief of customs authority
Date: 2013-11-17 16:36:32 GMT - Egypt - Economy - SN:66 - ID:392399
Finance Minister Ahmed Galal issued a decision to delegate head of Egyptian customs sector Mohamed el-Salhawy to take up the post of chief of the customs authority for a year or when a new official is appointed. The decision went into force as of ....
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Bahaaeddin: Egypt's credit rating improving due to gov't efforts
Date: 2013-11-17 16:26:08 GMT - Egypt - Economy - SN:63 - ID:392378
Minister of International Cooperation Ziad Bahaaeddin has praised the improvement of Egypt's credit rating by the Standard and Poors, attributing this to the Egyptian government's success to provide hard currencies. He said in press statements ....
