Economy

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  • Russia agrees to develop steel complex, Nasr car company in Egypt – minister

    Russia agrees to develop steel complex, Nasr car company in Egypt – minister

    Date: 2013-04-20 14:13:00 GMT - Russia - Economy - SN:15 - ID:73081

    Egyptian President Mohamed Morsi's visit to Russia has opened new gates for joint investment, said Investment Minister Osama Saleh.    Russia has a strong desire to invest in Egypt and recover their good ties after Russian investments in ....

  • Russia to contribute to High Dam development - minister

    Russia to contribute to High Dam development - minister

    Date: 2013-04-20 13:51:29 GMT - Russia - Economy - SN:12 - ID:73047

    Egypt asked Russia to send an expert team to improve the efficiency of the High Dam, said Egyptian Electricity Minister Ahmed Imam.    A development plan for the High Dam is expected after the Russian experts visit Egypt to make it ....

  • Morsi's visit to Russia revived talks on trade liberalization - minister

    Morsi's visit to Russia revived talks on trade liberalization - minister

    Date: 2013-04-20 13:38:25 GMT - Russia - Economy - SN:11 - ID:73022

    Egyptian President Mohamed Morsi's visit to Russia has revived  negotiations on trade liberalization between the two countries, said Foreign Trade Minister Hatem Saleh.    The negotiations on trade linearization started several years ....

  • Foreign currency deposits in Egyptian banks secured, guaranteed: Central Bank Governor

    Foreign currency deposits in Egyptian banks secured, guaranteed: Central Bank Governor

    Date: 2013-04-20 12:42:56 GMT - USA - Economy - SN:8 - ID:72921

    Egyptian Central Bank Governor Hisham Ramez asserted on Friday that all foreign currency deposits in Egyptian banks are secured and guaranteed.    During a meeting in Washington organized by the US Chamber of Commerce ....

  • IMF says negotiations going on with Egypt to reach loan deal

    IMF says negotiations going on with Egypt to reach loan deal

    Date: 2013-04-20 12:15:54 GMT - USA - Economy - SN:3 - ID:72886

    The International Monetary Fund (IMF) said that talks with Egyptian officials over a proposed $4.8-billion IMF loan to Egypt are still underway, said  IMF Middle East regional director Masood Ahmed.    An IMF delegation left Cairo ....

  • Ministers of finance, planning, CBE governor leave for London

    Ministers of finance, planning, CBE governor leave for London

    Date: 2013-04-17 14:21:33 GMT - Egypt - Economy - SN:16 - ID:68828

    Minister of Finance El-Morsy Hegazy, Minister of Planning and International Cooperation Asharf el-Arabi and Governor of the Central Bank of Egypt (CBE) Hisham Ramez left here on Wednesday heading for London to attend annual joint meetings ....

  • CBE governor to review central bank financial policies at WB/IMF meetings in Washington

    CBE governor to review central bank financial policies at WB/IMF meetings in Washington

    Date: 2013-04-17 14:18:42 GMT - USA - Economy - SN:14 - ID:68821

    Governor of the Central Bank of Egypt Hisham Ramez will review the economic conditions in Egypt and the financial policies adopted by the central bank at the 2013 Spring Meetings of the World Bank/International Monetary Fund that will be held on ....

  • Egypt, French Development Agency sign cooperation protocol on Alex subway

    Egypt, French Development Agency sign cooperation protocol on Alex subway

    Date: 2013-04-16 12:01:45 GMT - Egypt - Economy - SN:13 - ID:66765

    Egypt and French Development Agency (FDA) signed Monday a cooperation protocol to prepare a study for establishing Alexandria subway.    Egypt's Transport Minister Hatem Abdel Latif and director of the French agency Dov Zerah signed the ....

  • Egyptian economy recovering on faster rate - minister

    Egyptian economy recovering on faster rate - minister

    Date: 2013-04-15 13:17:05 GMT - Egypt - Economy - SN:12 - ID:65195

    Finance Minister El-Morsi Hegazi stressed on Monday that the Egyptian economy is recovering from the current economic crisis on a faster rate and this is highly sensed by the international community.    Investors from South Korea and the ....

  • Gold prices up by 12.5 percent over one year -report

    Gold prices up by 12.5 percent over one year -report

    Date: 2013-04-15 11:43:32 GMT - Egypt - Economy - SN:2 - ID:64978

    Gold prices rose by 12.5 percent in March 2013 in comparison with the corresponding month in 2012, according to a report by the Cabinet's Information and Decision Support Center (IDSC).    Gold prices inched 0.8 percent up in March in ....

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