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Economy
- Service : English
- Category : Economy
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IMF: Positive indicators for Egypt economy
Date: 2015-04-17 10:56:03 GMT - Kingdom of Saudi Arabia - Economy - SN:10 - ID:2398169
Head of the International Monetary Fund Christine Lagarde lauded the positive indicators achieved by the Egyptian economy recently, asserting the readiness of the IMF to offer Egypt the needed loans to push the national economy forward. In an ....
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Bourse indexes lose EGP 400 mn last week
Date: 2015-04-17 10:04:19 GMT - Egypt - Economy - SN:8 - ID:2397897
The Egyptian Exchange closed last week with losses amounting to EGP 400 million and its indexes were all down due to Sham El Nessim and Easter holidays. During the course of the week, the benchmark index EGX 30 declined 0.06 percent to 8,887 ....
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Oil minister: Iran, China to broaden energy cooperation
Date: 2015-04-11 12:25:03 GMT - Iran - Economy - SN:17 - ID:2357621
Iranian Oil Minister Bijan Namdar Zanganeh announced on Saturday that Tehran and Beijing are set to increase their cooperation in the energy sector after the western sanctions imposed against Iran are removed. "Iran and China will increase their ....
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Egyptian GDRs in London show mixed performance
Date: 2015-04-10 17:29:31 GMT - United Kingdom - Economy - SN:26 - ID:2353517
The Egyptian global depository receipts (GDRs) traded on London Stock Exchange showed mixed performance at the close of Friday's trading. The GDRs of Orascom Telecom and Commercial International Bank (CIB) went down by 6.47 percent and 0.94 ....
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Decision to ban imports of Ramadan lanterns to encourage local industry: official
Date: 2015-04-10 17:21:14 GMT - Egypt - Economy - SN:25 - ID:2353489
A decision to ban imports of Ramadan lanterns would encourage local industry, said chairman of the Federation of Egyptian Industries (FEI) Mohamed el Sewedi. In statements to MENA on Friday, Sewedi hailed as "audacious" the decision that was ....
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Bourse loses 4.5 billion pounds in early trading
Date: 2015-04-08 10:07:28 GMT - Egypt - Economy - SN:12 - ID:2336705
The Egyptian bourse lost EGP 4.5 billion to hit 498 billion pounds at the first hours of Wednesday session prompted by the release of the executive statutes of the tax law. The EGX 30 benchmark index dropped by 1.8 percent to 8,555 points in the ....
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Egyptian GDRs in London show mixed performance
Date: 2015-04-07 17:14:21 GMT - United Kingdom - Economy - SN:47 - ID:2333109
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) went down by 2.61 percent to reach 6.72 dollars. The ....
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CBE says net int'l reserves down to $15.290bn at end of March
Date: 2015-04-07 14:49:33 GMT - Egypt - Economy - SN:22 - ID:2331269
The Central Bank of Egypt (CBE) said Tuesday that the net international reserves decreased to 15.290 billion dollars at the end of March compared to 15.456 billion at the end of February. International reserves are used to secure basic ....
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Collective decline in Egypt bourse indices
Date: 2015-04-06 15:31:39 GMT - Egypt - Economy - SN:34 - ID:2324769
The Egyptian Exchange (EGX) indices shut on Monday's session collectively down over sales by local and foreign investment funds and institutions as the government is about to impose 10 percent on capital gains tax on profits and dividends of listed ....
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31 vessels transit Suez Canal
Date: 2015-04-06 13:30:08 GMT - Egypt - Economy - SN:23 - ID:2323625
Thirty-one ships crossed the Suez Canal on Monday, carrying a total cargo of 1.2 million tons. The south-bound convoy included 27 ships carrying 1.132 million tons, while the north-bound convoy included four vessels carrying 64,000 tons. ....
