Economy

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  • EGX shows mixed performance

    EGX shows mixed performance

    Date: 2013-08-19 15:48:58 GMT - Egypt - Economy - SN:44 - ID:249186

    The Egyptian Exchange (EGX) showed varied performance at closing on Monday driven by sales by foreign investors as Arabs tended toward purchasing. The market capital lost about 111 million pounds, hitting 353.02 billion pounds amid ....

  • Bank working hours will be extended to 1:00 pm - CBE

    Bank working hours will be extended to 1:00 pm - CBE

    Date: 2013-08-19 15:03:49 GMT - Egypt - Economy - SN:43 - ID:249086

    The Central Bank of Egypt (CBE) instructed banks in Egypt to extend working hours from 8:00 am until 1:00 pm. The CBE said that the decision to extend working hours will come into effect as of Tuesday and until the end of the week. ....

  • CAPMAS: Tourists visiting Egypt in June up 16.4 percent

    CAPMAS: Tourists visiting Egypt in June up 16.4 percent

    Date: 2013-08-19 14:23:44 GMT - Egypt - Economy - SN:40 - ID:248988

    The number of tourists who visited Egypt in June rose by 16.4 percent to stand at 989,000 tourists against 850,000 in June 2012. The monthly tourism report of the Central Agency for Public Mobilization and Statistics (CAPMAS) that was issued ....

  • Floods in Sudan behind postponement of three-way meeting between Egypt, Sudan, Ethiopia - minister

    Floods in Sudan behind postponement of three-way meeting between Egypt, Sudan, Ethiopia - minister

    Date: 2013-08-19 13:51:57 GMT - Egypt - Economy - SN:35 - ID:248879

    The meeting of the water resources ministers of Sudan, Egypt and Ethiopia, which was scheduled to be held next Monday, will be postponed due to the floods which hit Sudan, said Egypt's Water Resources and Irrigation Minister Mohamed ....

  • Ship traffic at Suez's Adibiya port regular

    Ship traffic at Suez's Adibiya port regular

    Date: 2013-08-19 12:06:07 GMT - Egypt - Economy - SN:18 - ID:248424

    Ship traffic at Suez's Adibiya port was regular on Monday with cargo ships being seen leaving or arriving at the harbor. A Panamanian cargo ship left for Saudi Arabia's Jeddah port the port with 12,000 tons of goods on board. Also, an ....

  • Egypt bourse loses EGP 7.4 bln

    Egypt bourse loses EGP 7.4 bln

    Date: 2013-08-18 19:46:10 GMT - Egypt - Economy - SN:41 - ID:247853

    Indices of the Egyptian Exchange (EGX) shut Sunday's session collectively down, hurt by the political conditions in the country and amid intensive sales by foreign investors. The market capital lost about 7.4 billion pounds, hitting 353.1 ....

  • Collective decline in Egypt bourse indices

    Collective decline in Egypt bourse indices

    Date: 2013-08-18 11:31:30 GMT - Egypt - Economy - SN:20 - ID:247091

    The Egyptian Exchange (EGX) indices declined at the beginning of trading on Sunday amid sales by foreign investors. The market capital lost about 3.4 billion pounds to hit 357.1 billion pounds against 360.5 billion pounds in the last ....

  • CBE shortens work hours of banks

    CBE shortens work hours of banks

    Date: 2013-08-17 19:36:51 GMT - Egypt - Economy - SN:49 - ID:246510

    The Central Bank of Egypt (CBE) issued an order to all banks to shorten the time of work to be from 9 am to 12 pm. Egypt is wintessing a spate of violence after the ouster of president Mohamed Morsi on July 3. ....

  • Egypt's bourse to shorten trading hours as of Sunday

    Egypt's bourse to shorten trading hours as of Sunday

    Date: 2013-08-17 19:01:14 GMT - Egypt - Economy - SN:44 - ID:246473

    Daily trading hours will be shortened on the Egyptian stock exchange to three hours instead of four starting from Sunday, said head of the Egyptian Financial Supervisory Authority Sherif Samy. Samy told MENA that the decision was adopted in ....

  • Finance ministry still on fire - source

    Finance ministry still on fire - source

    Date: 2013-08-15 16:03:10 GMT - Egypt - Economy - SN:41 - ID:243127

    The Finance Ministry has an electronic archive where all its important documents are saved, so there is nothing to worry about regarding the hard-copy files consumed by the fire, an official source said. Civil defense forces and Armed Forces ....

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