Economy

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  • Egypt facing economic challenges that can be addressed - IMF official

    Egypt facing economic challenges that can be addressed - IMF official

    Date: 2016-04-16 08:21:58 GMT - USA - Economy - SN:4 - ID:4727881

    Egypt is currently facing economic challenges that can be addressed through abiding by the suitable policies, said Advisor at the International Monetary Fund's Middle East and Central Asia Department Chris Jarvis. In press statements, Jarvis, ....

  • Egypt's bourse shows mixed performance, index down by 0,16 pct

    Egypt's bourse shows mixed performance, index down by 0,16 pct

    Date: 2016-04-12 13:52:25 GMT - Egypt - Economy - SN:7 - ID:4705977

    The Egyptian Stock Exchange (EGX) indexes showed mixed performance on Tuesday. The market capital gained about EGP 300 million to reach EGP 400.6 billion, after transactions hit EGP 525 million. The EGX 30 benchmark index went down by 0.16 ....

  • Finance Ministry auctions EGP 9.5 bln T-bonds

    Finance Ministry auctions EGP 9.5 bln T-bonds

    Date: 2016-04-10 13:20:20 GMT - Egypt - Economy - SN:10 - ID:4690985

    The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 9.5 billion. In an online statement, the ministry said it sold EGP 4.5 billion of 91-day T-bills with an average yield of 12.77%, adding it accepted bids at rates ....

  • Egypt GDRs in London show mixed performance

    Egypt GDRs in London show mixed performance

    Date: 2016-04-05 17:21:50 GMT - United Kingdom - Economy - SN:13 - ID:4660757

    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 5.42 percent to 3.49 dollars. The GDRs of ....

  • 40 ships transit Suez Canal

    40 ships transit Suez Canal

    Date: 2016-04-05 15:22:52 GMT - Egypt - Economy - SN:11 - ID:4659777

    Forty ships transited the Suez Canal on Tuesday, with a total cargo of 2,3 million tons. The south-bound convoy included 20 vessels carrying 1,2 million tons, while the north-bound convoy included 20 ships carrying 1,1 million tons, according to ....

  • Bourse indexes show varied performance

    Bourse indexes show varied performance

    Date: 2016-04-05 14:22:13 GMT - Egypt - Economy - SN:10 - ID:4659177

    The Egyptian Exchange (EGX) indexes showed mixed performance at close of trading on Tuesday amid purchase operations by institutions and local investment funds and selling operations by local, Arab and foreign investors. The market capital gained ....

  • 38 ships transit Suez Canal

    38 ships transit Suez Canal

    Date: 2016-03-29 12:18:18 GMT - Egypt - Economy - SN:7 - ID:4611501

    Thirty-eight ships transited the Suez Canal on Tuesday, with a total cargo of 2.500 million tons. The south-bound convoy included 22 vessels carrying 1.4 million tons, while the north-bound convoy included 16 ships carrying 1.1 million tons, ....

  • Trade minister: 2 Egyptian exhibitions to be held in Iraq, Jordan

    Trade minister: 2 Egyptian exhibitions to be held in Iraq, Jordan

    Date: 2016-03-27 12:07:53 GMT - Egypt - Economy - SN:9 - ID:4596205

    Minister of Trade and Industry Tareq Qabil said Egypt will hold two exhibitions in Iraq and Jordan soon in view of the high turnout by Arab customers on Egyptian products. The minister's remarks were made during his tour of the 49th round of ....

  • 38 vessels cross Suez Canal

    38 vessels cross Suez Canal

    Date: 2016-03-21 12:36:56 GMT - Egypt - Economy - SN:9 - ID:4556013

    Thirty-eight ships transited the Suez Canal on Monday, with a total cargo of 2.9 million tons. The south-bound convoy included 21 vessels carrying 994.000 tons, while the north-bound convoy included 17 ships carrying 1.1 million tons, according ....

  • Supply min. agrees with exchange companies on fixing daily dollar exchange rate

    Supply min. agrees with exchange companies on fixing daily dollar exchange rate

    Date: 2016-03-21 09:10:01 GMT - Egypt - Economy - SN:4 - ID:4554125

    Minister of Supply and Internal Trade Khalid Hanafi had a meeting Monday with the head and members of the general division of exchange firms at the Federation of Egyptian Chambers of Commerce (FEDCOC) to set a fixed dollar exchange rate on a daily ....

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