ar
en
fr
Economy
- Service : English
- Category : Economy
-
Finance Ministry seeks to increase state tax revenues
Date: 2016-06-27 16:03:46 GMT - Egypt - Economy - SN:11 - ID:5170389
The Finance Ministry is seeking to reduce the state budget deficit through increasing tax revenues from the current EGP 422 billion to EGP 500 billion in the next fiscal year, minister Amr el Garhy said. Employees at the ministry’s revenue bodies ....
-
Pound plunges as sterling feels the heat of Brexit vote
Date: 2016-06-27 13:59:08 GMT - United Kingdom - Economy - SN:8 - ID:5169265
Sterling continued its steep slide against the dollar on Monday as concerns about the British economy deepened in the wake of Brexit. The pound plunged 3.35% against the greenback to 1.32 dollars, following on from Friday's colossal 10% dive, BT ....
-
47 vessels cross Suez Canal
Date: 2016-06-27 13:57:19 GMT - Egypt - Economy - SN:7 - ID:5169225
Forty-seven ships transited the Suez Canal on Monday, with a total cargo of 2.5 million tons. The south-bound convoy included 23 vessels carrying 1.2 million tons, while the north-bound convoy included 24 ships carrying 1.3 million tons, ....
-
World money markets go into panic following Britain's exit from EU, says EGX head
Date: 2016-06-26 12:09:24 GMT - Egypt - Economy - SN:8 - ID:5161649
The world money markets witnessed a state of panic on Sunday following Britain's exit from the European Union, Chairman of the Egyptian Exchange Mohamed Omran said. Speaking to MENA, Oman said it is premature to expect the impact of this move on ....
-
Egypt's bourse loses 14 billion pounds in first 2 minutes
Date: 2016-06-26 09:31:40 GMT - Egypt - Economy - SN:5 - ID:5160341
Egypt's indices sharply went down at the beginning of the trading session on Sunday prompted by the negative effects of Britain's exit from the European Union (EU) on the world money markets. The market capital lost 14 billion pounds in the first ....
-
Largest container vessel in world crosses Suez Canal
Date: 2016-06-20 16:31:50 GMT - Egypt - Economy - SN:7 - ID:5130573
The giant Panamanian container ship MSC Oscar, which is the largest container ship in the world, crossed the Suez Canal on Monday. The ship passed from the Red Sea on its way to the Mediterranean amongst the south convoy on board 19,244 ....
-
Egypt bourse continues downward trend
Date: 2016-06-20 14:09:27 GMT - Egypt - Economy - SN:1 - ID:5129681
Egypt's bourse resumed its downward trend at end of trading Monday amid sales of Egyptian investors. The market capital lost about 7.7 billion pounds to reach 389.5 billion pounds against 397.2 billion pounds in yesterday's trading. The EGX ....
-
Telecom Egypt has right to seek 4th mobile operator license - NTRA
Date: 2016-06-19 11:07:05 GMT - Egypt - Economy - SN:9 - ID:5122205
Fixed-line provider Telecom Egypt said on Sunday it received a letter from the National Telecom Regulatory Authority (NTRA), giving it the right to seek a fourth mobile operator license. In a statement, the state-owned company said the move opens ....
-
CAPMAS: 44.4% decrease in trade balance in March
Date: 2016-06-14 11:55:15 GMT - Egypt - Economy - SN:10 - ID:5096005
Egypt's Balance of Trade decreased by 44.4% in March 2016 to hit 19.9 billion pounds from 35.7 billion pounds in the corresponding period of 2015, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Tuesday. As for external ....
-
Petroleum min. follows up development of Mediterranean oil field
Date: 2016-06-13 15:16:23 GMT - Egypt - Economy - SN:9 - ID:5091969
Petroleum Minister Tareq el Molla chaired the third meeting of a committee following up progress at the development project of Zohr, the largest gas field in the Mediterranean Sea. The meeting reviewed the progress in digging development wells at ....
