Economy

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  • Abdel Nour: Promoting nat'l economy urgent priority to interim gov't

    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 ....

  • Nile water level drops

    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 ....

  • 52 vessels transit Suez Canal

    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 ....

  • Osama Saleh accepts position as investment min.

    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 ....

  • Bourse turns blind eye to yesterday's incidents, gains EGP 2.3 bln

    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 ....

  • Egyptian bourse freezes assets, shares of 14 Islamist leaders

    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 ....

  • CAPMAS: 25% drop in balance of trade deficit

    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 ....

  • IMF encourages new private sector to be set up in Egypt based on competitiveness ‏ - MBl

    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 ....

  • Egyptian Exchange to freeze assets of 14 Islamists Monday

    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 ....

  • Bourse gains EGP 1 bn, main index up

    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 ....

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