Economy

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  • Egyptian Exchange loses EGP 1.3 bn last week

    Egyptian Exchange loses EGP 1.3 bn last week

    Date: 2013-07-12 11:32:54 GMT - Egypt - Economy - SN:10 - ID:197957

    The Egyptian Exchange closed last week with losses amounting to EGP 1.3 billion, while its indexes showed mixed performance, affected by the rapid developments in the country. The capital market declined to EGP 354 billion. During the ....

  • Egypt's bourse loses EGP 2.5 bn

    Egypt's bourse loses EGP 2.5 bn

    Date: 2013-07-11 15:42:55 GMT - Egypt - Economy - SN:19 - ID:197191

    The Egyptian Exchange (EGX) incurred losses at the end of Thursday's trading as investors await the new government lineup. The market capital lost up to EGP 2.5 billion to reach EGP 354.06 billion. The benchmark EGX 30 index declined ....

  • Nile water level drops

    Nile water level drops

    Date: 2013-07-10 18:15:58 GMT - Egypt - Economy - SN:43 - ID:196107

    CAIRO (MENA) - The Nile River water level continued to drop, recording 172 meters on Wednesday, two centimeters less than yesterday. According to a report received by the Ministry of Irrigation and Water Resources, water released from the High ....

  • Kuwait offers Egypt $4B aid, fuel package

    Kuwait offers Egypt $4B aid, fuel package

    Date: 2013-07-10 18:11:29 GMT - Kuwait - Economy - SN:40 - ID:196102

    KUWAIT CITY (MENA) - Kuwait's government promised to offer Egypt an aid package worth $4 billion, the state Kuwait News Agency (KUNA) reported on Wednesday. It quoted minister of cabinet affairs Mohammad Al Sabah as saying Egypt will receive a ....

  • CBE: inflation hits 8.56% in June

    CBE: inflation hits 8.56% in June

    Date: 2013-07-10 17:07:32 GMT - Egypt - Economy - SN:24 - ID:196009

    CAIRO (MENA) - On a year-over-year basis, Egypt's inflation rate rose to 8.56% during June, the Central Bank of Egypt said in a press release on Wednesday. On a month-over-month basis, inflation was 0.77% last month compared with 0% in May, it ....

  • EGX gains EGP 4.4bn in 1st Ramadan session

    EGX gains EGP 4.4bn in 1st Ramadan session

    Date: 2013-07-10 15:17:46 GMT - Egypt - Economy - SN:20 - ID:195877

    The Egyptian Exchange (EGX) gained 4.4 billion pounds at the end of Wednesday's trading, the first in the holy month of Ramadan, on the back of purchase operations by Egyptian institutions optimistic about a quick economic recovery prompted by ....

  • 55 ships transit Suez Canal

    55 ships transit Suez Canal

    Date: 2013-07-08 13:09:21 GMT - Egypt - Economy - SN:37 - ID:192683

    ISMAILIA (MENA) - Fifty five ships transited the Suez Canal on Monday, carrying a total cargo of 2.757 million tons. The south-bound convoy included 23 ships, carrying 1.74 million tons while the north-bound convoy included 32 ships, carrying ....

  • Nile water level drops 2cm

    Nile water level drops 2cm

    Date: 2013-07-08 12:37:02 GMT - Egypt - Economy - SN:33 - ID:192624

    CAIRO (MENA) - The Nile River water level dropped on Monday, recording 172.03 meters, two centimeters less than Sunday. According to a report received by the Irrigation and Water Resources Ministry, water released from the High Dam reached 250 ....

  • Alex governor says water, power supplies regular

    Alex governor says water, power supplies regular

    Date: 2013-07-08 12:35:37 GMT - Egypt - Economy - SN:32 - ID:192621

    ALEXANDRIA (MENA) - The governor of Alexandria said Monday that supplies of water and power, as well as sanitary services, have not been affected by the peaceful protests on June 30. Maher Babers told MENA he had an expanded meeting with heads ....

  • EGX loses EGP 5.5bn, main index down by 2.19 pct

    EGX loses EGP 5.5bn, main index down by 2.19 pct

    Date: 2013-07-08 12:14:11 GMT - Egypt - Economy - SN:26 - ID:192579

    CAIRO (MENA) - The Egyptian Exchange (EGX) lost some 5.5 billion pounds at the start of Monday's trading on the back of sales operations by investors who are fearful of unfortunate political developments after the attack on the Republican Guard ....

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