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Economy
- Service : English
- Category : Economy
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Morgan Stanley denies plans to remove Egypt from emerging market index
Date: 2013-06-16 19:48:31 GMT - Egypt - Economy - SN:71 - ID:158592
CAIRO (MENA) - Morgan Stanley Capital International denied putting Egypt in a review list to exclude it from the MSCI Emerging Market Index. Morgan Stanley is watching the situation in Egypt closely, a senior official at the company said, ....
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4Nile water level drops 4 cm
Date: 2013-06-16 18:23:57 GMT - Egypt - Economy - SN:60 - ID:158442
CAIRO (MENA) - The Nile River water level dropped, recording 172.41 meters on Sunday, four centimeters less than Saturday. According to a report presented to Minister of Water Resources and Irrigation Mohamed Bahaaeldin, water released from ....
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WB allocates dlrs 1.4m for Egypt Development Marketplace Program
Date: 2013-06-16 18:07:58 GMT - Egypt - Economy - SN:57 - ID:158421
CAIRO (MENA) - The World Bank and its partners have committed 1.4 million dollars, to be awarded to winners of the 2013 Egypt Development Marketplace contest to be announced on Monday. Over 180 proposals from 171 organizations were received ....
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Minister: Solar energy to illuminate several buildings of electricity ministry
Date: 2013-06-16 18:05:37 GMT - Egypt - Economy - SN:56 - ID:158418
CAIRO (MENA) - The Electricity Ministry decided to use solar energy to illuminate several of its buildings within the framework of rationalizing power consumption. In statements on Sunday, Electricity Minister Ahmed Imam said that two solar ....
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BiscoMisr receives takeover offers
Date: 2013-06-16 17:53:11 GMT - Egypt - Economy - SN:54 - ID:158396
CAIRO (MENA) - Egypt's confectionery market leader BiscoMisr has received acquisition offers from rivals Juhayna Egyptian company for food industries and the Saudi Halwani Brothers Company. The Egyptian Company for Foods (BiscoMisr) said each ....
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Entebbe deal not binding to Egypt--Minister
Date: 2013-06-16 17:08:51 GMT - Egypt - Economy - SN:50 - ID:158297
CAIRO (MENA) - Minister of Water Resources and Irrigation Mohamed Bahaaeldin stressed that Entebbe agreement is not binding to Egypt. The deal is only binding to signatories, Bahaaeldin said in statements Sunday on the sidelines of a workshop ....
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43 vessels transit Suez Canal
Date: 2013-06-16 17:02:07 GMT - Egypt - Economy - SN:47 - ID:158288
ISMAILIA, Egypt (MENA) - Forty-three ships transited the Suez Canal on Sunday, carrying a total cargo of 2.599 million tons. The south-bound convoy included 18 ships, carrying 1.123 million tons, while the north-bound convoy included 25 ....
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Trading at stock market hits 9-year record low
Date: 2013-06-16 16:50:48 GMT - Egypt - Economy - SN:45 - ID:158268
CAIRO (MENA) – Trading at the Egyptian Exchange recorded a nine-year record low at the closing of Sunday, reaching a volume of EGP 72 million only. Investors are cautiously waiting what the coming June 30 protests, called by opposition groups, ....
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Elections of EGX's board of directors to be held Monday
Date: 2013-06-16 16:46:10 GMT - Egypt - Economy - SN:43 - ID:158260
CAIRO (MENA) - The elections of the board of directors of the Egyptian Exchange (EGX) to choose five new members, from 2013 till 2017, will be held on Monday. In statements to MENA, Chairman of EGX Mohamed Omran said that the elections will ....
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Shura Council's committee discusses law on mineral resources
Date: 2013-06-16 16:18:15 GMT - Egypt - Economy - SN:33 - ID:158195
CAIRO (MENA) – The Shura Council's Industry Committee started Sunday discussions of a law governing the exploitation of Egypt’s mineral resources. The committee members called for increasing the value of usufruct right of the country’s mineral ....
