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Economy
- Service : English
- Category : Economy
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ITFC proposes extending EGP 200 mln for Egypt to buy subsidized commodities - official
Date: 2013-06-26 11:49:21 GMT - Egypt - Economy - SN:24 - ID:173508
CAIRO (MENA) - The International Islamic Trade Finance Corporation (ITFC) has proposed extending to Egypt 200 million dollars under Murabaha system - which is not an interest-bearing loan - for buying subsidized commodities in the coming fiscal ....
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D-8 states seek to increase trade exchange to 500 billion dollars
Date: 2013-06-26 09:52:36 GMT - Nigeria - Economy - SN:6 - ID:173242
ABUJA (MENA) – A conference of the industry and trade ministers of the Developing 8 Countries held in Nigerian capital Abuja asserted that the member states seek to increase the volume of trade exchange to 500 billion dollars annually during the ....
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Egypt, IDB sign MoU on joint cooperation
Date: 2013-06-25 15:00:01 GMT - Egypt - Economy - SN:39 - ID:172198
CAIRO (MENA) - Egypt and the Islamic Development Bank (IDB) signed a memorandum of understanding on Tuesday. The deal calls for promoting a set strategy for joint cooperation. This came on the sidelines of a regional investment forum for ....
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Oil Ministry urges citizens not to believe rumors about lack of diesel oil
Date: 2013-06-25 13:32:28 GMT - Egypt - Economy - SN:29 - ID:171974
CAIRO (MENA) - The Oil Ministry on Tuesday urged the Egyptian citizens not to believe any rumors about lack of diesel oil. A Ministry official, in press statements, added that these rumors are meant to cause instability in the country. ....
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Egyptian Bourse off on Monday on start of new fiscal year
Date: 2013-06-25 13:23:10 GMT - Egypt - Economy - SN:28 - ID:171957
CAIRO (MENA) - The Egyptian Stock Exchange will close Monday on the commencement of the new 2013-2014 fiscal year. In a statement Tuesday, the bourse said trading will be resumed on Tuesday. ....
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Direct linkage between EGX and Istanbul bourse begins September 19
Date: 2013-06-23 17:10:29 GMT - Egypt - Economy - SN:12 - ID:169143
The actual direct linkage between the Egyptian Exchange (EGX) and Turkey's Istanbul Stock Exchange will commence on September 19, EGX deputy chairman Khaled el-Nashar told MENA Sunday. The move takes place under a joint agreement that would allow ....
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IMF points to progress in aid talks with Egypt
Date: 2013-06-21 08:43:27 GMT - USA - Economy - SN:1 - ID:165908
The International Monetary Fund said Thursday it was making progress in talks with Egyptian authorities on a potential loan but that technical issues such as subsidies remain, France 24 reported. "Our work with the Egyptians is producing ....
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New bourse head says he has full strategy to boost stock exchange
Date: 2013-06-20 11:22:05 GMT - Egypt - Economy - SN:7 - ID:164543
Newly-appointed Chairman of Egyptian Exchange (EGX)Atef Yassin el-Sherif said on Thursday he has a comprehensive strategy to boost the performance of the bourse. In his first statements after his appointment, Sherif told MENA that he will ....
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Egypt to name new bourse head
Date: 2013-06-20 11:13:15 GMT - Egypt - Economy - SN:2 - ID:164439
Investment Minister Yahia Hamed nominated on Thursday Atef Yassin to replace Dr Mohamed Omran, the incumbent head of the Egyptian Exchange (EGX) whose term will end at the end of June. The minister met Omran on Wednesday to thank him for his ....
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CBE: Deficit in balance of payment back by 81.2 percent in nine months
Date: 2013-06-19 20:23:51 GMT - Egypt - Economy - SN:22 - ID:163827
The Central Bank of Egypt (CBE) said on Wednesday that the deficit of the balance of payment is back by 81.2 percent or 9.1 billion dollars in the period from July-March this fiscal year. It stands now at only 2.1 billion dollars from 11.2 billion ....
