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Economy
- Service : English
- Category : Economy
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All EGX indexes up
Date: 2015-03-05 14:55:34 GMT - Egypt - Economy - SN:26 - ID:2098033
The Egyptian Exchange (EGX) indexes closed on Thursday with gains backed by strong share purchases by foreign institutions and equity funds. The market capital hit EGP 514.8 billion, after transactions exceeded EGP 2.6 billion. The EGX 30 ....
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Cabinet approves draft resolution to upgrade investment system
Date: 2015-03-04 12:13:17 GMT - Egypt - Economy - SN:36 - ID:2088657
The Egyptian Cabinet has approved a presidential draft resolution to upgrade the investment system. Prime Minister Ibrahim Mahlab made the announcement to reporters Wednesday before heading for a meeting with President Abdel Fattah El Sisi. ....
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49 ships transit Suez Canal
Date: 2015-03-04 10:53:20 GMT - Egypt - Economy - SN:29 - ID:2087753
Forty-nine ships transited the Suez Canal on Wednesday, carrying a total cargo of 2.421 million tons. The south-bound convoy included 26 vessels carrying 1.109 million tons, while the north-bound convoy included 23 ships carrying 1.312 million ....
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Egypt bourse lists Emaar, Orascom Construction
Date: 2015-03-04 10:34:28 GMT - Egypt - Economy - SN:26 - ID:2087505
The Egyptian Exchange (EGX) announced that its securities listing committee approved on Wednesday the listing of Emaar Real Estate Development and Orascom Construction with EGP 878 million and $105 million capital respectively. This will mark the ....
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US dollar exchange rate unchanged against EGP
Date: 2015-03-03 17:25:36 GMT - Egypt - Economy - SN:71 - ID:2083781
The exchange rate of the US dollar remained unchanged Tuesday against the Egyptian pound traded on the official market, thanks to the measures adopted by the Central Bank of Egypt (CBE) to wipe out the black market. The buying price of the US ....
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Commerce chamber warns companies against using foreign currencies on local markets
Date: 2015-03-03 16:21:17 GMT - Egypt - Economy - SN:67 - ID:2083333
Ahmed el Wakil, the head of the General Union of Chambers of Commerce, has warned companies operating on the Egyptian market that they should only use Egyptian pound in purchase and sale operations. Companies operating on the Egyptian markets ....
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Egypt ready to train Somali cadres in agriculture domains
Date: 2015-03-03 15:45:31 GMT - Egypt - Economy - SN:56 - ID:2083045
Egypt is ready for training Somali cadres and research centers working in the fields of agriculture, livestock and fisheries. This came during a meeting held on Tuesday between Minister of Agriculture and land reclamation Adel Beltagy and his ....
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EGX indexes show mixed performance
Date: 2015-03-03 15:13:21 GMT - Egypt - Economy - SN:45 - ID:2082761
The Egyptian Exchange (EGX) witnessed varied performance at the close of trading on Tuesday amid purchase operations by local investment institutions and funds and profit-taking operations by foreign and Arab investors. The benchmark index EGX ....
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55 ships crossed Suez Canal
Date: 2015-03-03 12:40:30 GMT - Egypt - Economy - SN:21 - ID:2081177
Fifty-five ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.148 million tons. The south-bound convoy included 39 vessels carrying 1.330 million tons, while the north-bound convoy included 16 ships carrying 818,000 tons. ....
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EFG Hermes expects rise in mergers, acquisitions on Egyptian market in 2015
Date: 2015-03-02 11:08:47 GMT - United Arab Emirates - Economy - SN:15 - ID:2072309
EFG Hermes is expecting an increase in merger and acquisition activities as Egypt's economy is becoming more attractive after political and economic changes in the country. Wael Ziada, the head of research at the investment bank, Monday on the ....
