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Economy
- Service : English
- Category : Economy
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Budget deficit rises to EGP 218.3 billion in 9 months
Date: 2015-05-08 09:18:26 GMT - Egypt - Economy - SN:7 - ID:2543109
The budget deficit rose to EGP 218.3 billion, constituting 9.4 percent of the gross domestic product (GDP), during the period from July to March, the Ministry of Finance said Thursday. The new figure is compared to EGP 145 billion during the same ....
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CBE says net int'l reserves up to $20.525bn at end of April
Date: 2015-05-06 12:59:17 GMT - Egypt - Economy - SN:44 - ID:2531173
The Central Bank of Egypt (CBE) said Wednesday that the net international reserves increased to 20.525 billion dollars at the end of April compared to 15.290 billion at the end of March. International reserves are used to secure basic ....
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Minister: Egypt will be a destination for marketing by all Arabs
Date: 2015-05-06 11:48:13 GMT - Lebanon - Economy - SN:35 - ID:2530337
Egyptian Minister of Supply and Home Trade Khaled Hanafy said on Wednesday that a marketing and trade city that will be set up in Ain Sokhna in Egypt will be a destination for marketing by all Arabs. In statements to MENA during a Beirut visit, ....
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Damietta logistics center to turn Egypt into hub for grain, food industries trade - minister
Date: 2015-05-05 18:36:03 GMT - Lebanon - Economy - SN:53 - ID:2526305
Supply Minister Khaled Hanafy on Tuesday said Damietta logistics center would turn Egypt into a hub for grain and food industries trade. On the sidelines of the Arab Economic Forum in Beirut, the minister added that Egypt has large alliances with ....
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Egyptian GDRs in London up
Date: 2015-05-05 18:10:25 GMT - United Kingdom - Economy - SN:52 - ID:2526121
The Egyptian global depository receipts (GDRs) on London Stock Exchange traded up on Tuesday. The GDRs of Commercial International Bank (CIB) went up 0.15 pts or 2.17 pct to reach 7.05 dollars. The GDRs of Edita Food Industries went up 0.25 ....
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EGX gains more than EGP 6.3bn
Date: 2015-05-05 17:26:47 GMT - Egypt - Economy - SN:50 - ID:2525833
The Egyptian Exchange (EGX) gained more than 6.3 billion pounds at the end of trading Tuesday on the back of intensive purchase of shares following statements by Prime Minister Ibrahim Mahlab on the Capital Gains Tax (CGT) law. On Monday, Mahlab ....
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Emaar Misr targets raising up to EGP 2.82bn in Egypt IPO
Date: 2015-05-05 13:36:53 GMT - Egypt - Economy - SN:30 - ID:2523669
The Egyptian unit of Dubai’s Emaar Properties PJSC said it may raise as much as 2.82 billion Egyptian pounds in an initial public offering that could mark the Arab country’s biggest such sale this year, according to Bloomberg. Emaar Misr for ....
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Investment minister: Gov seeks to up investments through development of free zones
Date: 2015-05-05 13:31:33 GMT - Egypt - Economy - SN:28 - ID:2523589
Minister of Investment Ashraf Salman said the government is keen on luring more investments into the country. During a meeting on Tuesday with the heads of some investment associations, he said luring investments takes place through a number of ....
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Banks have important role in insurance market – EFSA chief
Date: 2015-05-04 15:32:44 GMT - Egypt - Economy - SN:52 - ID:2517145
Banks have an important and effective role in activating the insurance sector in Egypt, Chairman of the Egyptian Financial Supervisory Authority (EFSA) Sherif Samy said. During the opening of a workshop on banking insurance Monday, Samy said the ....
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40 vessels transit Suez Canal
Date: 2015-05-04 11:07:54 GMT - Egypt - Economy - SN:28 - ID:2514013
Forty ships transited the Suez Canal on Monday, carrying a total cargo of 2.846 million tons. The south-bound convoy included 30 vessels carrying 2.279 million tons, while the north-bound convoy included five ships carrying 148,000 ....
