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Economy
- Service : English
- Category : Economy
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1.210tn in total banking deposits in July - CBE
Date: 2013-10-24 17:05:11 GMT - Egypt - Economy - SN:21 - ID:353283
Total deposits of the banking system, other than the Central Bank of Egypt's (CBE) deposits, hiked by about 20 billion pounds to hit 1.210 trillion pounds in July against 1.190 trillion pounds in the same period last year. The CBE said that ....
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Social solidarity minister restructures Nasser Social Bank's board
Date: 2013-10-24 17:03:44 GMT - Egypt - Economy - SN:20 - ID:353281
Minister of Social Solidarity and Chairman of Nasser Social Bank Ahmed el-Borai decided to appoint Ibrahim Morsi Azazi as deputy board chairman of the bank for banking and investment business and Mohamed Abdel Samie Showman as deputy chairman for ....
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182, 364-day T-bills auctioned
Date: 2013-10-24 15:46:51 GMT - Egypt - Economy - SN:18 - ID:353142
The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 6.5 billion. In an online statement, the ministry said it sold EGP 2.5 billion of 182-day T-bills with a 2.22 bid-to-cover ratio. The average yield was 11.082%, it ....
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Japan eases travel ban on Egypt
Date: 2013-10-24 15:38:47 GMT - Egypt - Economy - SN:16 - ID:353129
Japan decided to ease its travel alert on Egypt and allow its citizens to travel to Cairo, Luxor and Abu-Simbel. The measure is a good gesture for the return of the Japanese tourism rates to normal, said Egyptian Tourism Minister Hisham Zaazou. ....
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Calmness main factor to restore tourism - minister
Date: 2013-10-24 15:31:40 GMT - Egypt - Economy - SN:14 - ID:353117
Antiquities Minister Mohammed Ibrahim said on Thursday that restoring calmness and stability in Egypt is the main factor to bring tourism back to its normal rates. "Tourists should feel safe and secured," said the minister in press statements ....
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PTA to get 600 locally-made buses - minister
Date: 2013-10-24 13:38:07 GMT - Egypt - Economy - SN:10 - ID:352839
The Public Transport Authority will get over 600 locally-made buses instead of importing them, the trade and industry minister Mounir Fakhri Abdel-Nour said. The government signed deals with local companies for getting 200 locally-made buses and ....
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1.6 million pounds allocated to improve public services - minister
Date: 2013-10-24 13:09:16 GMT - Egypt - Economy - SN:4 - ID:352793
Finance Minister Ahmed Galal approved allocating some 1.669 billion pounds to the petroleum sector, the Egyptian Radio and Television Union (ERTU), water and sugar companies along with the ministries of investment, information and social ....
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Egypt willing to help Burundi in field of agriculture -- Minister
Date: 2013-10-23 17:50:54 GMT - Egypt - Economy - SN:27 - ID:351543
Egypt has voiced willingness to support the agricultural sector in Burundi and help with irrigation as well. Agriculture Minister Ayman Farid Abu-Hadeed made that clear to his Burundian counterpart Odette Kayitesi during his recent African tour, ....
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Profit-taking drives Egypt's bourse down
Date: 2013-10-23 15:00:18 GMT - Egypt - Economy - SN:14 - ID:351287
The Egyptian Exchange (EGX) slipped on profit-taking at the end of Wednesday's trading, after it has registered a high turnover since the middle of the last week. The market capital lost up to 2.8 billion pounds to reach 398.9 billion pounds , ....
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Total deposits at Post Authority reach EGP 124bn
Date: 2013-10-23 14:58:43 GMT - Egypt - Economy - SN:13 - ID:351283
The Post Authority in Egypt says the total deposits with it reached 124 billion pounds on June 30. Chairman of the authority Ashraf Gamal el-Din said the calculations are based on financial lists endorsed by the Central Auditing Organization. ....
