Economy

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  • Category : Economy
  • US strongly opposes state of emergency in Egypt - Kerry

    US strongly opposes state of emergency in Egypt - Kerry

    Date: 2013-08-15 10:41:10 GMT - USA - Economy - SN:3 - ID:242421

    US Secretary of State John Kerry has condemned violence in Egypt as "deplorable" but refused to say whether America would take steps to pressure the military into halting its onslaught, the Telegraph reported on Wednesday. "The United States ....

  • Bourse loses 5.8bln pounds as index plunges 1.7 percent

    Bourse loses 5.8bln pounds as index plunges 1.7 percent

    Date: 2013-08-14 16:02:38 GMT - Egypt - Economy - SN:33 - ID:241438

    The Egyptian Exchange plunged on Wednesday weighed down by concerns over the dispersal of the sit-in camps in Cairo's Rabaa El-Adawiya and Giza's Nahda squares. Local and foreign institutions and funds seized the opportunity of the falling ....

  • Trading on Egypt bourse to be suspended Thursday

    Trading on Egypt bourse to be suspended Thursday

    Date: 2013-08-14 15:28:19 GMT - Egypt - Economy - SN:32 - ID:241370

    Trading on the Egyptian bourse will be suspended Thursday as the banks will be closed, said EGX Chairman Mohamed Omran. In statements Wednesday, Omran said that the Central Bank of Egypt (CBE) Governor Hesham Ramez told him that the Egyptian ....

  • CBE : bank branches near areas of unrest to be closed to public at 12 noon

    CBE : bank branches near areas of unrest to be closed to public at 12 noon

    Date: 2013-08-14 12:26:52 GMT - Egypt - Economy - SN:20 - ID:240935

    The Central Bank of Egypt (CBE) said Wednesday that all branches of banks located near areas of unrest will be closed to the public early at 12 noon. Work at these bank branches will officially end at 1pm, it said. ....

  • Egypt's bourse loses 4.6 billion pounds at early trading

    Egypt's bourse loses 4.6 billion pounds at early trading

    Date: 2013-08-14 12:02:45 GMT - Egypt - Economy - SN:17 - ID:240865

    The Egyptian Exchange lost 4.6 billion pounds at the opening of its trading session on Wednesday as all indices signaled a downward performance prompted by sellings by investors on the back of the current political developments in the country. ....

  • Egypt's bourse gains 3.2 billion pounds

    Egypt's bourse gains 3.2 billion pounds

    Date: 2013-08-13 17:14:24 GMT - Egypt - Economy - SN:34 - ID:239819

    Egypt' bourse made profits at the closing of trading on Tuesday, prompted by purchases of Egyptian investors. The market capital achieved gains worth 3.2 billion pounds to reach 366.3 billion pounds. The EGX 30 benchmark index rose 0.12 ....

  • 50 vessels transit Suez Canal

    50 vessels transit Suez Canal

    Date: 2013-08-13 17:13:28 GMT - Egypt - Economy - SN:33 - ID:239816

    Fifty ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.7 million tons. The south-bound convoy included 23 ships, carrying 1.3 million tons, while the north-bound convoy included 27 ships, carrying 1.4 million tons. ....

  • NBE chairman sounds optimistic about Egypt's economy

    NBE chairman sounds optimistic about Egypt's economy

    Date: 2013-08-13 16:03:39 GMT - Egypt - Economy - SN:26 - ID:239665

    Chairman of the National Bank of Egypt (NBE) Hisham Okasha, said he is optimistic that Egypt's economy will recover in the near future, arguing the country's economy has all capabilities. Speaking to MENA, Okasha said "all internal signs are ....

  • Trade Minister meets Sweden amb. in Cairo

    Trade Minister meets Sweden amb. in Cairo

    Date: 2013-08-13 15:45:57 GMT - Egypt - Economy - SN:20 - ID:239628

    Mounir Fakhry Abdel-Nour, the Minister of Industry and Foreign Trade, held on Tuesday a meeting with Ambassador of Sweden to Egypt Malin Kärre. The two sides discussed means of boosting cooperation between the two countries in the economic and ....

  • 48 vessels transit Suez Canal

    48 vessels transit Suez Canal

    Date: 2013-08-12 14:56:39 GMT - Egypt - Economy - SN:46 - ID:238137

    Forty-eight ships transited the Suez Canal on Monday, carrying a total cargo of 2.413 million tons. The south-bound convoy included 29 vessels carrying 1.483 million tons while the 19 ships of the north-bound convoy carried a cargo weighing a ....

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