Economy

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  • No increase in electricity prices on any slice - official

    No increase in electricity prices on any slice - official

    Date: 2013-10-20 15:39:51 GMT - Egypt - Economy - SN:37 - ID:345996

    The first undersecretary of the Ministry of Electricity and the ministry's spokesman Aktham Abu El-Ela denied any increases in electricity prices on any slice. The official denied what was published regarding this subject on some websites. ....

  • Bourse gains EGP 3.2 bln in first session after Eid

    Bourse gains EGP 3.2 bln in first session after Eid

    Date: 2013-10-20 14:29:23 GMT - Egypt - Economy - SN:33 - ID:345816

    Indices of the Egyptian Exchange (EGX) shut Sunday's session collectively up, backed by wide purchases by investors. The market capital gained about 3.2 billion pounds, hitting 396.2 billion pounds, after transactions reached 642 million pounds. ....

  • 2 ships with 519 cars on board arrive at Alexandria port

    2 ships with 519 cars on board arrive at Alexandria port

    Date: 2013-10-20 10:11:34 GMT - Egypt - Economy - SN:15 - ID:345237

    Two ships coming from India and Greece sailed into Alexandria Port on Sunday carrying 519 cars of different brands. In statements, chairman of Alexandria Port Authority Adel Yassin said all procedures were taken to unload the ships. ....

  • Additional 3,400 megawatts to be generated by summer - minister

    Additional 3,400 megawatts to be generated by summer - minister

    Date: 2013-10-20 10:04:25 GMT - Egypt - Economy - SN:14 - ID:345229

    An additional 3,400 megawatts will be generated under the electricity sector plan to meet rising power consumption during the 2014 summer, Electricity Minister Ahmed Imam said. In press statements Sunday, he said the ministry would do its best to ....

  • Recycling rice straw saves annually EGP 4 bln: Agriculture min.

    Recycling rice straw saves annually EGP 4 bln: Agriculture min.

    Date: 2013-10-19 07:23:20 GMT - Egypt - Economy - SN:1 - ID:343542

    Egypt's Agriculture Minister Ayman Farid Abu Hadid said that The total amount of rice straw is sufficient to produce annually about four billion tons of feeds and fertilizers which save four billion pounds annually. These remarks came during Abu ....

  • Abdel-Nour announces new line-up of IMC

    Abdel-Nour announces new line-up of IMC

    Date: 2013-10-18 11:34:59 GMT - Egypt - Economy - SN:14 - ID:342745

    Industry and Trade Minister Mounir Fakhri Abdel-Nour has decided to reshuffle the Industrial Modernization Center (IMC). In a statement Friday, he said the ministry is so keen on improving the center for its role in boosting all industrial ....

  • Abu-Hadid continues meetings with Arab, international investment funds to flourish agricultural sector

    Abu-Hadid continues meetings with Arab, international investment funds to flourish agricultural sector

    Date: 2013-10-14 12:24:42 GMT - Egypt - Economy - SN:59 - ID:338325

    Agriculture and Land Reclamation Minister Ayman Farid Abu-Hadid said that he will continue his meetings with investment funds and Arab and international organizations concerned with agricultural cooperation. He also said that he held several ....

  • Trio awarded Nobel economics prize

    Trio awarded Nobel economics prize

    Date: 2013-10-14 12:13:38 GMT - Sweden - Economy - SN:57 - ID:338304

    The 2013 Nobel Prize in economics has been awarded to Eugene Fama, Lars Peter Hansen and Robert Shiller. It was awarded for their "empirical analysis of asset prices", according to the awarding committee, the BBC reported on Monday. The ....

  • Investment rate hit 14.2 %, total investments declined during 2012/13 - planning ministry

    Investment rate hit 14.2 %, total investments declined during 2012/13 - planning ministry

    Date: 2013-10-14 12:06:19 GMT - Egypt - Economy - SN:54 - ID:338294

    The volume of investments during 2012-2013 went down by 3.7 percent to hit 248.6 billion pounds against 258.1 billion pounds during 2011-2012, the Planning Ministry revealed. The ministry, meanwhile, said the rate of public investment inched ....

  • Trade minister meets S. Korean amb.

    Trade minister meets S. Korean amb.

    Date: 2013-10-14 09:24:39 GMT - Egypt - Economy - SN:31 - ID:337924

    Minister of Industry and Foreign Trade Mounir Fakhry Abdel-Nour held talks with South Korean Ambassador here Kim Young-so to discuss means of boosting joint economic and commercial cooperation. During the talks, Abdel-Nour said the ministry ....

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