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Economy
- Service : English
- Category : Economy
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EGAS, EFC announce amendment to gas agreement
Date: 2013-08-07 16:46:55 GMT - Egypt - Economy - SN:22 - ID:233066
The Egyptian Natural Gas Holding Company (EGAS) and the Egyptian Fertilizer Company (EFC) reached an agreement to amend an existing natural gas supply contract. In June 2011, EGAS and GASCO commenced arbitral proceedings under the auspices of ....
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Egypt auctions T-bills worth 6.5bln pounds
Date: 2013-08-07 14:42:37 GMT - Egypt - Economy - SN:13 - ID:232823
The Finance Ministry auctioned on Wednesday 182-day and 364-day treasury bills at a total value of 6.5 billion pounds. In an online statement, the ministry said the average yield on the 182-day T-bills, worth 2.5 billion pounds, was 12.137%, ....
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Egypt broke peak power usage record yesterday -- report
Date: 2013-08-06 15:09:23 GMT - Egypt - Economy - SN:39 - ID:231449
Egypt's state-run National Energy Control Centre registered a peak power usage record in the country, reaching 26.100 megawatts on Monday. Speaking to reporters on Tuesday, Egypt's Minister of Electricity Ahmad Emam attributed the rise to a ....
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Federation of Egyptian industries 'main partner' in industrial development plan: minister
Date: 2013-08-06 15:01:14 GMT - Egypt - Economy - SN:38 - ID:231437
Trade and Industry Minister Mounir Fakhry Abdel-Nour said on Tuesday the Federation of Egyptian Industries is a main partner in implementing the industrial development plan. The minister made his comments in a meeting with members of the ....
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Supply, IT ministers meet on mechanizing bread distribution
Date: 2013-08-06 14:16:43 GMT - Egypt - Economy - SN:31 - ID:231332
Minister of Supply and Internal Trade Mohamed Abu-Shadi met with Minister of Communications and Information Technology Atef Helmi to discuss the mechanization of distributing subsidized bread. The meeting also probed the possibility of ....
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Egypt's bourse gains 2.1 billion pounds, index jumps to1.5 percent
Date: 2013-08-05 12:36:23 GMT - Egypt - Economy - SN:20 - ID:229699
Despite political developments in Egypt, Egypt' bourse continued its upward trend and all indices recorded collective rise at the start of trading on Monday. The increase was prompted by purchases of financial funds and institutions and a ....
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Renaissance Dam problem a priority – irrigation minister
Date: 2013-08-04 17:24:29 GMT - Egypt - Economy - SN:16 - ID:228841
Minister of Irrigation and Water Resources Mohamed Abdul-Moteleb underlined that the problem of Ethiopia's Renaissance Dam is a priority of the current government. Egypt is working on three parallel tracks in its bid to get this problem solved, ....
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91, 266-day T-bills auctioned
Date: 2013-08-04 17:14:57 GMT - Egypt - Economy - SN:14 - ID:228826
The Finance Ministry auctioned on Sunday treasury bills at a total value of 5.5 billion pounds. In an online statement, the ministry said the average yield on the 91-day T-bills was 11.607%, adding it accepted bids at rates between 11.66% and ....
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Industry minister tours factories in Borg el-Arab
Date: 2013-08-04 13:55:57 GMT - Egypt - Economy - SN:7 - ID:228463
Industry and Trade Minister Monier Fahri Abdel Nour toured three factories of 192-million-dollar investments in Borg el-Arab city in Alexandria on Sunday. The factories, that provide 1,800 jobs, are operating in the ready-to-wear clothes, ....
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IMF tries to be ready when Egypt resumes loan talks - Lagarde
Date: 2013-08-03 11:02:24 GMT - USA - Economy - SN:15 - ID:227024
The International Monetary Fund will try to be as ready as possible when Egypt resumes loan discussions, said IMF Managing Director Christine Lagarde. "Well, you know that, in Egypt, we have been in contact, in regular contact since last ....
