Economy

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  • World Bank in talks over MENA financing initiative

    World Bank in talks over MENA financing initiative

    Date: 2016-03-20 07:47:27 GMT - USA - Economy - SN:1 - ID:4546385

    The World Bank will hold soon an expanded meeting to discuss the bank's new initiative "MENA Financing Initiative" that aims at increasing financial support to the Middle East and North Africa region (MENA), a top bank official said on ....

  • EGX gains EGP 7.1bn, index up 1.94 pct

    EGX gains EGP 7.1bn, index up 1.94 pct

    Date: 2016-03-15 15:23:07 GMT - Egypt - Economy - SN:12 - ID:4517533

    The Egyptian Exchange (EGX) indices closed up on Tuesday backed by purchase operations by Arab and foreign investors. The market capital gained about 7.1 billion pounds to close at 435.04 billion pounds after transactions worth over 2 million ....

  • CBE to sell 1.5 bn dollar in exceptional auction Wednesday to cover importation operations

    CBE to sell 1.5 bn dollar in exceptional auction Wednesday to cover importation operations

    Date: 2016-03-15 12:14:19 GMT - Egypt - Economy - SN:7 - ID:4515473

    Governor of the Central Bank of Egypt (CBE) Tarek Amer said the bank will sell dlrs 1.5 billion dollars in a new exceptional auction at a price of 8.85 LE per dollar on Wednesday. In statements to MENA on Tuesday, Amer said the new auction aims ....

  • 55 vessels cross Suez Canal

    55 vessels cross Suez Canal

    Date: 2016-03-15 11:28:31 GMT - Egypt - Economy - SN:5 - ID:4514865

    Fifty-five ships transited the Suez Canal on Tuesday, with a total cargo of 2.4 million tons. The south-bound convoy included 31 vessels carrying 1.3 million tons, while the north-bound convoy included 24 ships carrying 1.1 million tons, ....

  • 41 vessels transit Suez Canal

    41 vessels transit Suez Canal

    Date: 2016-03-14 11:31:39 GMT - Egypt - Economy - SN:9 - ID:4507341

    Forty-one ships, with a total cargo of 2.2 million tons, transited the Suez Canal on Monday. The north-bound convoy included 22 vessels carrying 1.4 million tons, while the south-bound convoy included 19 ships carrying 800,000 tons, according to ....

  • WB invites supply min. to explain bread, subsidized goods in Washington in May

    WB invites supply min. to explain bread, subsidized goods in Washington in May

    Date: 2016-03-14 10:42:03 GMT - Egypt - Economy - SN:8 - ID:4506781

    The World Bank invited Minister of Supply and Internal Trade Khaled Hanafi to explain the successful Egyptian experiment in the systems of bread and subsidized goods during the annual meeting of the bank in Washington in May. This came during ....

  • Egypt's central bank holds exceptional dlrs 200 million auction

    Egypt's central bank holds exceptional dlrs 200 million auction

    Date: 2016-03-14 08:01:11 GMT - Egypt - Economy - SN:6 - ID:4505397

    The Central Bank of Egypt (CBE) said it will sell 200 million dollars in an exceptional auction on Monday at a rate of 8.85 Egyptian pounds to the dollar, banking sources told MENA. The CBE offers three tenders to sell dollars to banks weekly, on ....

  • Min.: Industry sector affected by shortage of foreign currency

    Min.: Industry sector affected by shortage of foreign currency

    Date: 2016-03-06 17:34:08 GMT - Egypt - Economy - SN:11 - ID:4456049

    The shortfall of foreign currency has taken its toll on the industry sector and all other sectors as well, Trade and Industry Minister Tarek Qabil said on Sunday. In a statement to MENA, he said the Central Bank of Egypt (CBE) gives high ....

  • 43 ships transit Suez Canal

    43 ships transit Suez Canal

    Date: 2016-03-06 12:08:57 GMT - Egypt - Economy - SN:9 - ID:4453325

    Forty-three ships transited the Suez Canal on Sunday with a total cargo of 2.4 million tons. The south-bound convoy included 26 vessels carrying 1.2 million tons, while the north-bound convoy included 17 ships carrying 1.2 million tons, according ....

  • 49 ships transit Suez Canal

    49 ships transit Suez Canal

    Date: 2016-03-02 11:59:18 GMT - Egypt - Economy - SN:11 - ID:4428697

    Forty-nine ships transited the Suez Canal on Wednesday, with a total cargo of 2.7 million tons. The south-bound convoy included 24 vessels carrying 1.4 million tons, while the north-bound convoy included 25 ships carrying 1.3 million tons, ....

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