Economy

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  • Efforts underway to repair blown-up pipeline - official

    Efforts underway to repair blown-up pipeline - official

    Date: 2013-07-07 15:08:44 GMT - Egypt - Economy - SN:38 - ID:191436

    CAIRO (MENA) - First undersecretary at the Petroleum Ministry for gas affairs Sherif Shousha said that efforts are underway to repair the gas pipeline to Jordan, which was blown up at dawn Sunday. The gas supply to cement factories, power ....

  • Bourse gains EGP 2.6 bn at start of trading

    Bourse gains EGP 2.6 bn at start of trading

    Date: 2013-07-07 15:03:16 GMT - Egypt - Economy - SN:36 - ID:191425

    CAIRO (MENA) - The Egyptian Exchange (EGX) gained EGP 2.6 billion at the start of Sunday's trading, affected by the political changes in the country. The market capital hit this morning EGP 358.02 billion. The EGX 30 benchmark index rose ....

  • Nile water level drops 3cm

    Nile water level drops 3cm

    Date: 2013-07-07 13:29:19 GMT - Egypt - Economy - SN:27 - ID:191269

    CAIRO (MENA) - The Nile River water level dropped on Sunday recording 172.05 meters on Sunday, three centimeters less than Saturday. According to a report received by the Irrigation and Water Resources Ministry, water released from the High Dam ....

  • Egypt's gas supplies to Jordan halted after Arish pipeline explosion

    Egypt's gas supplies to Jordan halted after Arish pipeline explosion

    Date: 2013-07-07 12:35:51 GMT - Jordan - Economy - SN:24 - ID:191170

    AMMAN (MENA) - A well-placed source at the Jordanian energy sector said that Egypt's gas supplies to the Kingdom was halted after the main gas pipeline in southern el-Arish city was denoted on Sunday. In press statements, the Jordanian source ....

  • Egyptian Bourse to contribute economic-support fund

    Egyptian Bourse to contribute economic-support fund

    Date: 2013-07-07 11:22:54 GMT - Egypt - Economy - SN:16 - ID:191038

    CAIRO (MENA) - Egyptian Exchange Board Chairman Atef Yassin el-Sherif said the bourse will contribute to Egypt Support Fund "306306". In statements to MENA Sunday, he said the bourse employees decided to donate by part of their monthly salaries ....

  • Transfer of supply commodities going on normally - official

    Transfer of supply commodities going on normally - official

    Date: 2013-07-06 13:58:19 GMT - Egypt - Economy - SN:33 - ID:189981

    CAIRO (MENA) - First undersecretary of Supply and Internal Trade Ministry Magda Hussein said that the transfer of supply commodities is going on normally. The current political events in the country did not affect the transfer of supply ....

  • World Bank chief hopes to continue Egypt programs

    World Bank chief hopes to continue Egypt programs

    Date: 2013-07-06 09:52:00 GMT - USA - Economy - SN:10 - ID:189602

    WASHINGTON (MENA) – World Bank president Jim Yong Kim said the bank hopes to continue its programs in Egypt following the military ousting of president Mohamed Morsi. "Over the past several days, we have been following events in Egypt closely ....

  • Egyptian Exchange gains EGP 35.9 bn, all indexes up last week

    Egyptian Exchange gains EGP 35.9 bn, all indexes up last week

    Date: 2013-07-05 15:14:15 GMT - Egypt - Economy - SN:11 - ID:188615

    The Egyptian Exchange closed last week with massive gains of EGP 35.9 billion affected by the rapid developments in the country. The market capital hit EGP 355.4 billion last week. During the course of the week, the benchmark index EGX 30 jumped ....

  • Bourse gains EGP 20 bn after 1-hour trading

    Bourse gains EGP 20 bn after 1-hour trading

    Date: 2013-07-04 16:20:50 GMT - Egypt - Economy - SN:19 - ID:187415

    The Egyptian Exchange (EGX) made huge gains of EGP 20 billion after a one-hour trading on Thursday. The EGX had suspended trading in the shares of 90 companies earlier for half an hour triggered by sharp rise in indexes beyond the allowed 5% level ....

  • Financial status of Egypt 'good': Finance ministry

    Financial status of Egypt 'good': Finance ministry

    Date: 2013-07-04 13:33:08 GMT - Egypt - Economy - SN:15 - ID:187095

    The finance ministry said it works as normal, adding all its sectors are working across the country. "The financial standing of Egypt is good and there are no fears of any problem regarding the funding of the daily work of the state," the ministry ....

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