Economy

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  • Egypt owns great economy; government makes courageous reforms - EBRD president

    Egypt owns great economy; government makes courageous reforms - EBRD president

    Date: 2015-03-10 15:54:38 GMT - United Kingdom - Economy - SN:33 - ID:2132933

    President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti on Tuesday praised measures taken by Egypt's Government to reform the national economy. In an interview with MENA in London, Chakrabarti said that Egypt has ....

  • EGX loses EGP 1.3bn

    EGX loses EGP 1.3bn

    Date: 2015-03-10 15:48:26 GMT - Egypt - Economy - SN:31 - ID:2132889

    The Egyptian Exchange (EGX) lost 1.3 billion pounds at the end of Tuesday's trading. The EGX 30 benchmark index dropped by 0.04 percent to close at 9,709.5 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) ....

  • EGX chairman to take part in Mideast financial markets forum in UAE

    EGX chairman to take part in Mideast financial markets forum in UAE

    Date: 2015-03-10 15:01:07 GMT - Egypt - Economy - SN:30 - ID:2132529

    Chairman of the Egyptian Exchange (EGX) Mohamed Omran will be taking part in a forum of Middle East financial markets to kick off in the UAE on Wednesday. Omran will be delivering Egypt's speech at the forum, which will be attended by more than ....

  • Bourse indexes show varied performance

    Bourse indexes show varied performance

    Date: 2015-03-09 18:34:53 GMT - Egypt - Economy - SN:53 - ID:2125825

    The Egyptian Stock Exchange (EGX) indexes showed varied performance at the close of Monday's tradings over anticipation of the Egypt Economic Development Conference (EEDC), which will kick off next Friday. The market capital recorded gains worth ....

  • High-profile delegation of S.Korea takes part in EEDC

    High-profile delegation of S.Korea takes part in EEDC

    Date: 2015-03-09 12:14:22 GMT - Egypt - Economy - SN:40 - ID:2122437

    Minister of Industry and Trade Mounir Fakhry Abdel Nour said a 30-member delegation of government officials and businessmen from South Korea will take part in the Egypt Economic Development Conference (EEDC) in Sharm El Sheikh. This came ....

  • No intention to increase petroleum products price: Oil Ministry

    No intention to increase petroleum products price: Oil Ministry

    Date: 2015-03-09 11:01:37 GMT - Egypt - Economy - SN:29 - ID:2121693

    The Ministry of Petroleum and Mineral Wealth denied any intention to increase the prices of petroleum products. News going round the social website are mere rumors and totally void of truth, Spokesman of Petroleum Ministry Hamdy Abdel Aziz said ....

  • Ministerial monitoring body submits report to Sharm el Sheikh summit

    Ministerial monitoring body submits report to Sharm el Sheikh summit

    Date: 2015-03-09 10:41:53 GMT - Egypt - Economy - SN:22 - ID:2121505

    The body monitoring the decisions and commitments affiliated to the Arab Summit has submitted a comprehensive report on following up the implementation of the last Arab Summit decisions, to the upcoming Arab Summit which will be held in Sharm el ....

  • Gov't to pursue work to achieve financial stability, reduce budget deficit - minister

    Gov't to pursue work to achieve financial stability, reduce budget deficit - minister

    Date: 2015-03-09 08:11:08 GMT - Egypt - Economy - SN:4 - ID:2120065

    Minister of Planning and Administrative Reform Ashraf al Arabi said the government will pursue work to achieve financial stability, reduce budget deficit and improve infrastructure to lure in more investments after Egypt Economic Development ....

  • 46 vessels transit Suez Canal

    46 vessels transit Suez Canal

    Date: 2015-03-08 11:46:26 GMT - Egypt - Economy - SN:23 - ID:2114741

    Forty-six ships transited the Suez Canal on Sunday, carrying a total cargo of 2.642 million tons. The south-bound convoy included 37 vessels carrying 2.223 million tons, while the north-bound convoy included nine ships carrying 419,000 tons. ....

  • Supply minister: Russian-German consortium submits proposal for investment in grains logistics centre

    Supply minister: Russian-German consortium submits proposal for investment in grains logistics centre

    Date: 2015-03-08 09:36:11 GMT - Egypt - Economy - SN:15 - ID:2113265

    A Russian-German consortium has presented an initial proposal to sign a memorandum of understanding to to form a long-term tripartite partnership with Egypt for investment in the global logistics center that will be established in Damietta for the ....

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