Economy
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Abdel Nour: Promoting nat'l economy urgent priority to interim gov't
Date: 2013-07-17 16:45:10 GMT - Egypt - Economy - SN:28 - ID:204829
CAIRO (MENA) - Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour said this interim government puts upgrading the Egyptian economic system as one of the most urgent priorities. The ministry's plan during the next period will be ....
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Nile water level drops
Date: 2013-07-17 16:22:35 GMT - Egypt - Economy - SN:20 - ID:204784
CAIRO (MENA) - The Nile River water level dropped recording 171.85 meters on Wednesday, one centimeter less than Tuesday. According to a report presented to the Irrigation and Water Resources Ministry, water released from the High Dam reached ....
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52 vessels transit Suez Canal
Date: 2013-07-17 16:16:44 GMT - Egypt - Economy - SN:17 - ID:204771
ISMAILIA, Egypt (MENA) - Fifty-two ships sailed through the Suez Canal on Wednesday, carrying a total cargo of 2.562 million tons. The south-bound convoy included 27 ships, carrying 1.307 million tons, while the north-bound convoy included 25 ....
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Osama Saleh accepts position as investment min.
Date: 2013-07-16 12:52:23 GMT - Egypt - Economy - SN:26 - ID:202966
CAIRO (MENA) - Osama Saleh said that he has accepted to be the investment minister in the new cabinet. In statements following his meeting Tuesday with Prime Minister designate Hazem el-Beblawy, Saleh said that he this stage requires exerting ....
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Bourse turns blind eye to yesterday's incidents, gains EGP 2.3 bln
Date: 2013-07-16 12:38:27 GMT - Egypt - Economy - SN:22 - ID:202931
Gaining more than 2.3 billion pounds, the Egyptian Exchange (EGX) turned a blind eye Tuesday to the clashes which took place yesterday between supporters of ousted president Mohamed Morsi and a number of residents and police forces in a number of ....
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Egyptian bourse freezes assets, shares of 14 Islamist leaders
Date: 2013-07-15 12:41:08 GMT - Egypt - Economy - SN:27 - ID:201474
CAIRO (MENA) - The Egyptian Stock froze on Monday the assets and shares of 14 Islamist leaders after receiving a letter from Prosecutor General Hisham Barkat in this regard. Barakat took the freeze decision on Sunday after the 14 pro-Morsi ....
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CAPMAS: 25% drop in balance of trade deficit
Date: 2013-07-15 12:33:22 GMT - Egypt - Economy - SN:26 - ID:201458
CAIRO (MENA) - The balance of trade deficit declined by 25 percent in March reaching 17.02 billion compared with the same month last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). A CAPMAS statement said ....
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IMF encourages new private sector to be set up in Egypt based on competitiveness - MBl
Date: 2013-07-15 10:59:12 GMT - USA - Economy - SN:19 - ID:201265
WASHINGTON (MENA) - The International Monetary Fund (IMF) hopes a new economic system and private sector would be set up in Egypt to be based on competitiveness and justice and not favorism, said MP Mona Makram Ebeid. Ebeid, in statements to ....
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Egyptian Exchange to freeze assets of 14 Islamists Monday
Date: 2013-07-15 09:41:55 GMT - Egypt - Economy - SN:11 - ID:201133
CAIRO (MENA) - The Egyptian Exchange will freeze the assets of 14 Islamists on Monday. Chairman Atef Al-Sherif told MENA that the decision will be enforced upon receiving an order from the prosecutor general. The prosecutor general has ....
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Bourse gains EGP 1 bn, main index up
Date: 2013-07-14 18:38:50 GMT - Egypt - Economy - SN:23 - ID:200687
The Egyptian Exchange (EGX) gained EGP one billion during Sunday's trading with the final formation of the new interim government expected to be announced. The market capital hit this morning EGP 355.08 billion. The EGX 30 benchmark index ....