Economy

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  • Supply minister to head for Washington Tuesday

    Supply minister to head for Washington Tuesday

    Date: 2016-05-02 13:32:23 GMT - Egypt - Economy - SN:10 - ID:4831685

    Supply and Internal Trade Minister Khaled Hanafy will head for Washington Tuesday upon an invitation from the World Bank to explain Egypt's successful experiment in bread and supply commodities system. In a statement Monday, the Ministry said ....

  • CBE committed to developing legislations to achieve financial inculsion

    CBE committed to developing legislations to achieve financial inculsion

    Date: 2016-04-27 13:27:01 GMT - Egypt - Economy - SN:11 - ID:4803509

    The Central Bank of Egypt said on Wednesday it will work within the coming period for adopting measures and for getting necessary monetary legislations to guarantee financial inclusion, taking into consideration banking regulations and client ....

  • 53 vessels transit Suez Canal

    53 vessels transit Suez Canal

    Date: 2016-04-27 12:38:20 GMT - Egypt - Economy - SN:10 - ID:4802869

    Fifty-three ships transited the Suez Canal on Wednesday, with a total cargo of 2.9 million tons. The south-bound convoy included 23 vessels carrying 1.2 million tons, while the north-bound convoy included 30 ships carrying 1.7 million tons, ....

  • Egypt GDRs in London show mixed performance

    Egypt GDRs in London show mixed performance

    Date: 2016-04-26 17:35:57 GMT - United Kingdom - Economy - SN:10 - ID:4797845

    The Egyptian global depository receipts (GDRs) traded on London Stock Exchange showed mixed performance at the close of Tuesday’s trading. The GDRs of the Commercial International Bank (CIB) rose by 0.53 percent to 3.80 dollars. The GDRs of ....

  • Bourse indexes show varied performance on Tuesday trading

    Bourse indexes show varied performance on Tuesday trading

    Date: 2016-04-26 13:54:10 GMT - Egypt - Economy - SN:6 - ID:4795893

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading on Tuesday amid varied attitudes of investors. The market capital gained about 1.9 billion pounds to reach 416.2 billion pounds, after transactions hit about ....

  • Supply min. to attend Tuesday signing ceremony of protocol on establishing commercial chains

    Supply min. to attend Tuesday signing ceremony of protocol on establishing commercial chains

    Date: 2016-04-25 11:23:21 GMT - Egypt - Economy - SN:9 - ID:4788545

    Minister of Supply and Internal Trade Khaled Hanafi will witness Tuesday the signing ceremony of a protocol between the Interior Trade Development Authority and a number of investors to establish a number of commercial chains, logistics centers and ....

  • No intention to devaluate EGP - CBE governor

    No intention to devaluate EGP - CBE governor

    Date: 2016-04-20 09:06:34 GMT - Egypt - Economy - SN:2 - ID:4756401

    The Central Bank of Egypt Governor Tarek Amer denied reports on an intention to devaluate the Egyptian Pound. In statements to MENA on Wednesday, he said parties who circulate these rumors seek to harm the Egyptian economy, industry and national ....

  • Amendments to bourse listing regulations not to be applied retroactively - official

    Amendments to bourse listing regulations not to be applied retroactively - official

    Date: 2016-04-18 12:30:16 GMT - Egypt - Economy - SN:9 - ID:4743733

    Amendments to bourse listing regulations, which were issued yesterday, will not be applied retroactively on the existing companies, said Chairman of the Egyptian Financial Supervisory Authority (EFSA) Sherif Samy. The amendments aim to protect ....

  • 3rd session of Egyptian-German economic commission kicks off

    3rd session of Egyptian-German economic commission kicks off

    Date: 2016-04-18 09:33:09 GMT - Egypt - Economy - SN:5 - ID:4741561

    The third session of the Egyptian-German Economic Commission and the Egyptian-German Business Forum started on Monday, with Industry and Trade Minister Tareq Qabil and German Vice-Chancellor and Economy Minister Sigmar Gabriel attending. Speaking ....

  • Egypt bourse records collective gains

    Egypt bourse records collective gains

    Date: 2016-04-17 13:36:43 GMT - Egypt - Economy - SN:10 - ID:4736401

    Egypt's bourse indices recorded collective gains at the close of Sunday's trading, backed by purchases by investments funds and local institutions amid expectations of continued rebound in the market, after signing several investment pacts with ....

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