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Economy
- Service : English
- Category : Economy
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Growth rate during 1st half of 2015-2016 below 5%, minister expects
Date: 2015-12-29 14:23:09 GMT - Egypt - Economy - SN:7 - ID:4015921
Planning Minister Ashraf el Araby expects the economic growth rate during the first half of the fiscal year 2015-2016 to be less than five percent. Speaking in press statements on the sidelines of a ceremony to launch a program to hone human ....
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Finance lease contracts rise 183% in 2015 - EFSA
Date: 2015-12-28 11:04:53 GMT - Egypt - Economy - SN:9 - ID:4007385
The finance lease activity has remarkably increased since the start of the year to November, Chairman of the Egyptian Financial Supervisory Authority Sherif Samy said. The value of finance lease contracts rose by 183% in the 11-month period, ....
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EGX chief to review 2015 activities Tuesday
Date: 2015-12-28 08:34:20 GMT - Egypt - Economy - SN:6 - ID:4006141
Chairman of the Egyptian Exchange (EGX) Mohamed Omran will hold a press conference Tuesday to review EGX's 2015 activities at bourse's premises in the Smart Village. Speaking to MENA Monday, Omran said he will expound on the performance of all ....
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ITIDA: 181 new industrial projects with total investments of EGP 12.7 billion
Date: 2015-12-23 07:36:22 GMT - Egypt - Economy - SN:3 - ID:3980705
The Information Technology Industry Development Agency (ITIDA) gave 181 licenses in November to new industrial projects at a total investment of 12.7 billion pounds that will provide more than 10,000 jobs inside and outside industrial areas. A ....
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EGX gains EGP 700m
Date: 2015-12-22 14:28:34 GMT - Egypt - Economy - SN:9 - ID:3978173
The Egyptian Exchange (EGX) gained 700 million pounds at the end of Tuesday's trading on the back of purchase operations by local funds and institutions. The EGX 30 benchmark index went up 0.1 percent to close at 6,769.08 points. The broader ....
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Fitch confirms Egypt’s “B” rating, outlook is stable
Date: 2015-12-19 11:15:30 GMT - United Kingdom - Economy - SN:9 - ID:3957185
Fitch Rating Agency confirmed its outlook on Egypt with a “B”, and a stable outlook on long-term foreign and local currency Issuer Default Ratings (IDR), according to a Fitch statement on Saturday. “The issue of ratings on Egypt’s senior ....
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Egypt bourse loses EGP 54m in week
Date: 2015-12-18 12:09:32 GMT - Egypt - Economy - SN:1 - ID:3952341
The Egyptian Exchange closed this week with limited losses amounting to EGP 54 million with main indexes going up by the end of the week's tradings. During the course of the week, the benchmark index EGX 30 went up by 0.48 percent to reach 6,670 ....
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Heavy fuel-loaded cargo train derails near Suez
Date: 2015-12-17 08:24:21 GMT - Egypt - Economy - SN:1 - ID:3944141
A cargo train loaded with Mazut and heavy fuel jumped off rail tracks Wednesday evening near Suez, causing the leakage of petroleum materials in the desert area adjacent to the railroad. Four fire engines rushed to the area to spray fire ....
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Egypt's bourse gains 2 billion pounds in early trading
Date: 2015-12-16 09:58:05 GMT - Egypt - Economy - SN:7 - ID:3937785
The Egyptian Exchange (EGX) indices showed an upward trend in the first minutes of trading on Wednesday, backed by intensive purchases by institutions and foreign and Arab investment funds. The market capital gained about 2 billion pounds to ....
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45 vessels transit Suez Canal
Date: 2015-12-15 13:00:59 GMT - Egypt - Economy - SN:7 - ID:3932445
As many as 45 ships transited the Suez Canal in both directions on Tuesday, carrying a total cargo of 2.949 million tons. The south-bound convoy included 26 vessels, carrying 1.541 million tons, while the north-bound convoy included 19 ships, ....
