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Economy
- Service : English
- Category : Economy
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EFG Hermes: Gulf investments influx to Egypt won't be affected by lower oil prices, regional unrest
Date: 2015-03-02 09:27:25 GMT - United Arab Emirates - Economy - SN:7 - ID:2071221
Chief Executive Officer (CEO) of the Financial Group EFG Hermes Karim Awad said the influx of Gulf investments to Egypt in the coming phase will not be affected by regional unrest and the lower oil prices, which have certainly influenced the budgets ....
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Egyptian annual transactions in black market worth $30 billion
Date: 2015-03-02 08:14:04 GMT - United Arab Emirates - Economy - SN:5 - ID:2070529
The volume of the annual financial transactions in the Egyptian market is 60 billion dollars, including 30 billion dollars in the black market, Egyptian Investment Minister Ashraf Salman said. The Central Bank of Egypt should have intervened to ....
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WB takes part with high-profile delegation in Egypt's economic conference
Date: 2015-03-02 07:50:48 GMT - USA - Economy - SN:2 - ID:2070397
The World Bank will take part with high-profile delegation in Egypt's economic conference, due to convene on March 13-15 in the Red Sea resort of Sharm El Sheikh. World Bank Managing Director and Chief Operating Officer Sri Mulyani Indrawati will ....
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US dollar exchange rate unchanged today against EGP
Date: 2015-03-01 14:29:43 GMT - Egypt - Economy - SN:30 - ID:2067109
The exchange rate of the US dollar remained unchanged Sunday against the Egyptian pound traded on the official market. The buying price of the US dollar stood at 7.63 pounds, while the selling price reached 7.6301 pounds. The Central Bank of ....
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Supply minister meets Japan's Hitachi officials
Date: 2015-02-28 09:30:07 GMT - Egypt - Economy - SN:22 - ID:2058405
Supply Minister Khaled Hanafy met on Saturday with the visiting president of Tokyo-based Hitachi company and its executive director. During the meeting, the minister discussed with the two Japanese officials ways to establish global logistics ....
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IMF chief to attend Egypt economic conf. in March
Date: 2015-02-28 07:51:12 GMT - USA - Economy - SN:4 - ID:2057517
Managing Director of the International Monetary Fund (IMF) Christine Lagarde will participate in Egypt's economic conference on March 13-15, an IMF spokesperson has said. Earlier, Director of the IMF's Middle East and Central Asia Department ....
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Egypt bourse loses EGP 6.4bn
Date: 2015-02-25 14:16:04 GMT - Egypt - Economy - SN:30 - ID:2041965
The Egyptian Exchange (EGX) indices shut on Wednesday's session collectively down amid heavy sells by local and Arab investors in preparation for the economic summit in Sharm El Sheikh in March. The market capital lost about 6.4 billion pounds to ....
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EGX indexes show mixed performance
Date: 2015-02-24 15:30:31 GMT - Egypt - Economy - SN:35 - ID:2035401
The Egyptian Exchange (EGX) witnessed varied performance at the close of trading on Tuesday. The market capital lost some 1.9 billion pounds to hit 517.3 billion. The benchmark index EGX 30 upped by retreated 0.11 percent to 6,911.66 ....
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Gov't sets plan to decrease budget deficit to 5 instead of 10 % - minister
Date: 2015-02-23 16:30:32 GMT - Egypt - Economy - SN:65 - ID:2028441
Investment Minister Ashraf Salman said that the Egyptian government has a comprehensive program for economic reform which includes decreasing budget deficit to reach 5 percent instead of 10. The minister's remark came during his speech in the ....
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Bourse gains EGP 3.9bn, index up 1.2 pct
Date: 2015-02-23 16:22:24 GMT - Egypt - Economy - SN:60 - ID:2028377
Egypt's bourse indices recorded collective gains at the end of Monday's trading, backed by announcement of Orascom Telecom Media and Technology (OTMT) to sell all shares in the Egyptian Company for Mobile Services, which runs the Mobinil brand to ....
