Economy

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  • Egypt bourse loses EGP 1.6bn

    Egypt bourse loses EGP 1.6bn

    Date: 2013-09-03 16:21:09 GMT - Egypt - Economy - SN:18 - ID:271876

    The Egyptian Exchange (EGX) shut on Tuesday's session collectively down due to intensive sales by foreign investors amid fears of a possible US military interference in Syria. The main market capital lost about 1.6 billion pounds to hit 352.1 ....

  • Exports, imports show steady performance: Trade Minister

    Exports, imports show steady performance: Trade Minister

    Date: 2013-09-03 15:46:44 GMT - Egypt - Economy - SN:16 - ID:271818

    Minister of Trade and Industry, Mounir Fakhry Abdel-Nour, stated that both exports and imports are showing regular and steady performance. In a statement on Tuesday, Abdel-Nour said that exports and imports volume has not been affected by current ....

  • Egypt bourse records collective rise

    Egypt bourse records collective rise

    Date: 2013-09-01 15:47:03 GMT - Egypt - Economy - SN:19 - ID:268382

    The Egyptian Exchange (EGX) indices shut Sunday's session collectively up backed by wide purchases by Arab and Egyptian investors. The market capital gained about 1.4 billion pounds, hitting 356.1 billion pounds, after transactions reached 435.1 ....

  • Communication Minister inaugurates projects in Alex.

    Communication Minister inaugurates projects in Alex.

    Date: 2013-09-01 15:40:12 GMT - Egypt - Economy - SN:18 - ID:268356

    Minister of Communications and Information Technology, Atef Helmy inaugurated on Sunday a set of projects in Alexandria in the domains of communications, information technology and post. The minister, who was accompanied by chairman of Telecom ....

  • Supply Minister: Price of wheat erdab not yet determined

    Supply Minister: Price of wheat erdab not yet determined

    Date: 2013-09-01 15:06:14 GMT - Egypt - Economy - SN:17 - ID:268237

    Supply Minister Mohamed Abu Shadi said the ministry has not yet set the price of wheat erdab to be bought from local farmers for the next season. In a statement on Sunday, Abu Shadi said that the ministry is probing with Agriculture Ministry the ....

  • Egyptian Exchange loses EGP 5.6bn last week

    Egyptian Exchange loses EGP 5.6bn last week

    Date: 2013-08-30 10:32:10 GMT - Egypt - Economy - SN:13 - ID:265043

    The Egyptian Exchange closed last week with losses amounting to EGP 5.6 billion and its indexes were all down. The capital market declined to EGP 354.7 billion. During the course of the week, the benchmark index EGX 30 retreated 2.89 percent ....

  • Industry minister: industrial map to be unveiled next week

    Industry minister: industrial map to be unveiled next week

    Date: 2013-08-30 10:25:16 GMT - Egypt - Economy - SN:11 - ID:265032

    Trade and Industry Minister Mounir Fakhry Abdel Nour said the industrial map is to be unveiled in the next week for helping investors seeking to do business in Egypt. "The ministry is seeking to map a comprehensive industrial policy for luring ....

  • Egypt bourse gains EGP 2.3 bln

    Egypt bourse gains EGP 2.3 bln

    Date: 2013-08-29 16:03:33 GMT - Egypt - Economy - SN:21 - ID:264187

    The Egyptian Exchange (EGX) ended trading on Thursday on a positive note, backed by statements made by US President Barack Obama in which he said that no final decision has been taken on Syria until now. The market capital gained about 2.3 ....

  • Costs of domestic flights to be reduced for citizens

    Costs of domestic flights to be reduced for citizens

    Date: 2013-08-28 19:40:46 GMT - Egypt - Economy - SN:40 - ID:262889

    The costs of domestic flights will be reduced for the Egyptian citizens as of September, 2013 in a bid to revive tourism. The decision was made during a Cabinet meeting on Wednesday. ....

  • Govt allocates EGP 22bn for additional investments

    Govt allocates EGP 22bn for additional investments

    Date: 2013-08-28 19:38:40 GMT - Egypt - Economy - SN:39 - ID:262887

    The Egyptian government has decided to allocate 22 billion pounds to activate the economy, said deputy prime minister Ziyad Bahaa el-Din on Wednesday. The Cabinet convened earlier today to discuss investment projects and means to improve ....

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