Economy

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  • Egyptian bourse resumes trading after 30 min suspension

    Egyptian bourse resumes trading after 30 min suspension

    Date: 2013-07-04 13:30:28 GMT - Egypt - Economy - SN:14 - ID:187084

    The Egyptian Exchange resumed trading Thursday after half an hour suspension triggered by sharp rise in indices beyond the allowed levels. Egyptian bourse indices have collectively witnessed a boom in early Thursday trading amid heavy purchases by ....

  • Bourse chairman: Early closure of banks will not affect trading

    Bourse chairman: Early closure of banks will not affect trading

    Date: 2013-07-03 13:31:46 GMT - Egypt - Economy - SN:36 - ID:185346

    CAIRO (MENA) - Head of Egyptian Exchange Atef el-Sherif said Wednesday that the Central Bank's decision to close early today would not affect the bourse trading or change its working hours. In statements to MENA, Sherif said that trading will ....

  • EGX loses EGP 4.4bn in early trading

    EGX loses EGP 4.4bn in early trading

    Date: 2013-07-03 13:16:55 GMT - Egypt - Economy - SN:24 - ID:185179

    CAIRO (MENA) - The Egyptian Exchange lost some 4.4 billion pounds at the beginning of trading Wednesday on the back of fears of political tensions after President Mohamed Morsi rejected calls for him to step down. Investors also are cautiously ....

  • Egypt's bourse incurs limited losses

    Egypt's bourse incurs limited losses

    Date: 2013-06-30 12:58:28 GMT - Egypt - Economy - SN:13 - ID:179762

    The Egyptian Exchange (EGX) incurred limited losses at the beginning of today's trading, ignoring fears of today's massive planned protests by both supporters and opponents of President Mohamed Morsi marking the end of the latter's first year in ....

  • Police officers foil attempted Barclays bank robbery in Maadi

    Police officers foil attempted Barclays bank robbery in Maadi

    Date: 2013-06-29 19:50:02 GMT - Egypt - Economy - SN:45 - ID:178865

    Security forces succeeded on Saturday to foil an attempted robbery at Barclays bank in Maadi, a suburb south of Cairo. Police corporal arrested the robber while trying to get out of the Maadi branch holding looted LCD screens. The arrested, ....

  • Qandil follows up government's efforts to achieve socio-economic reforms

    Qandil follows up government's efforts to achieve socio-economic reforms

    Date: 2013-06-29 14:19:13 GMT - Egypt - Economy - SN:28 - ID:178323

    CAIRO (MENA) - Prime Minister Hisham Qandil highlighted the importance that economic reforms live up to the level and demands of the revolution, represented in bread, freedom, human dignity and social justice. Such reform programs should be ....

  • 41 vessels transit Suez Canal

    41 vessels transit Suez Canal

    Date: 2013-06-29 14:17:00 GMT - Egypt - Economy - SN:27 - ID:178318

    ISMAILIA, Egypt (MENA) - Forty-one ships transited the Suez Canal on Saturday, carrying a total cargo of 2.733 million tons. The south-bound convoy included 20 ships, carrying 1.267 million tons, while the north-bound convoy included 21 ships, ....

  • Egypt bourse gains EGP 3.4 bn last week

    Egypt bourse gains EGP 3.4 bn last week

    Date: 2013-06-28 12:33:50 GMT - Egypt - Economy - SN:17 - ID:176701

    The Egyptian Exchange (EGX) made EGP 3.4 billion profits during last week's trading, making its capital hit EGP 319.5 billion. During the course of the week, the benchmark index EGX 30 went up 1.3 percent to 4,685.09 points, said a weekly report ....

  • Culture budget untouched -- Shura MP

    Culture budget untouched -- Shura MP

    Date: 2013-06-26 14:12:31 GMT - Egypt - Economy - SN:38 - ID:173808

    CAIRO (MENA) - Allocations for the Culture Ministry will not change in the 2013-2014 state budget, the head of the Shura Council's financial committee has stressed. The budget of the Culture Ministry will stay untouched, said Mohamed ....

  • Qatar ups Cairo-Doha flights to 21 per week as of Monday

    Qatar ups Cairo-Doha flights to 21 per week as of Monday

    Date: 2013-06-26 14:02:28 GMT - Egypt - Economy - SN:36 - ID:173786

    CAIRO (MENA) - Qatar Airways will raise the number of Doha-Cairo flights as of Monday from 16 weekly flights to 21. There will be three daily flights between Cairo and Doha to absorb the rising the number of passengers between the two sides, ....

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