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Economy
- Service : English
- Category : Economy
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Establishing unified Arab bank requires strenuous efforts, says UAB head
Date: 2015-04-28 17:08:41 GMT - Egypt - Economy - SN:57 - ID:2477713
Establishing a unified Arab bank requires exerting strenuous efforts, Chairman of the Union of Arab Banks (UAB) Mohamed Barakat said on Tuesday. In statements to MENA, Barakat noted that there are plans to establish an Arab trade zone, citing ....
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Ambassador: British investors impressed by success of Sharm economic conference
Date: 2015-04-28 16:41:02 GMT - United Kingdom - Economy - SN:35 - ID:2475905
Egyptian Ambassador here Nasser Kamel on Tuesday said that British investors who took part in last month's economic conference in Sharm el Sheikh were impressed by the success of the event. In statements to MENA, he added that the conference has ....
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Min. directs researchers to develop strategy for million acres reclamation
Date: 2015-04-28 15:17:38 GMT - Egypt - Economy - SN:45 - ID:2476761
Minister of Agriculture Salah Hilal assigned a group of researchers at the Agricultural Research Center to develop an integrated strategy for the reclamation of one million acres. During a meeting with the center's board of directors, the ....
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EGX loses EGP 7.9bn
Date: 2015-04-28 14:11:18 GMT - Egypt - Economy - SN:37 - ID:2476073
The Egyptian Exchange (EGX) indices went down on Tuesday on the back of intensive share sales by Egyptian investors and local investment funds as the Capital Gains Tax (CGT) crisis persists. The market capital lost about 7.9 billion pounds to ....
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EFSA chairman says Egypt seeking to lure more companies to be listed on EGX
Date: 2015-04-28 12:33:24 GMT - Egypt - Economy - SN:23 - ID:2474761
Economy wise, Egypt's top challenge is to lure more A1 companies to be listed on the Egyptian Exchange (EGX), says Sherif Samy, the chairman of the Egyptian Financial Supervisory Authority (EFSA). This will help enrich the capital market and ....
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48 vessels transit Suez Canal
Date: 2015-04-28 12:17:19 GMT - Egypt - Economy - SN:18 - ID:2474581
Forty-eighty ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.896 million tons. The south-bound convoy included 28 vessels carrying 1.399 tons, while the north-bound convoy included 20 ships carrying 1.497 tons. ....
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Egypt's foreign cash reserves expected to hit dlrs 20bn over Gulf deposits- CBE
Date: 2015-04-27 12:16:42 GMT - Egypt - Economy - SN:41 - ID:2466249
The Central Bank of Egypt expected that the country's foreign cash reserves would reach more than 20 billion dollars in April. The increase is prompted by Gulf deposits that now hit six billion dollars, CBE Governor Hisham Ramez told MENA on the ....
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Govt reform measures restore confidence to economy – UAB chief
Date: 2015-04-27 12:15:29 GMT - Egypt - Economy - SN:40 - ID:2466229
Confidence is being restored to the Egyptian economy thanks to a series of economic reform measures taken by the government that led to upgrading its credit ratings by international financial institutions, Chairman of the Union of Arab Banks (UAB) ....
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48 vessels transit Suez Canal
Date: 2015-04-27 11:12:02 GMT - Egypt - Economy - SN:32 - ID:2465561
Forty-eighty ships transited the Suez Canal on Monday, carrying a total cargo of 2.280 million tons. The south-bound convoy included 24 vessels carrying 1.200 tons, while the north-bound convoy included 24 ships carrying 1.80 tons. ....
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Minister warns citizens against buying goods from street vendors
Date: 2015-04-27 09:42:41 GMT - Egypt - Economy - SN:20 - ID:2464621
Supply Minister Khaled Henfi warned on Monday citizens against buying foodstuffs or any other goods from street vendors, saying they are all expired and of unknown origin. These products do not conform to the necessary specifications and harm ....
