Economy

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  • EGX to launch e-disclosure system Thursday

    EGX to launch e-disclosure system Thursday

    Date: 2015-04-21 13:51:02 GMT - Egypt - Economy - SN:34 - ID:2427265

    The Egyptian Exchange (EGX) will launch its electronic disclosure system on Thursday. The step is meant to upgrade the performance of the Egyptian market and promote transparency. Companies listed on the EGX will be able to post disclosure ....

  • Investment minister meets EBRD head, WB executive director

    Investment minister meets EBRD head, WB executive director

    Date: 2015-04-20 13:52:50 GMT - Egypt - Economy - SN:33 - ID:2419321

    Investment Minister Ashraf Salman held several meetings on the sidelines of his participation in the meetings of the International Monetary Fund (IMF) and the World Bank (WB) in Washington. The International Cooperation Minister Naglaa el Ahwany ....

  • Int'l, Arab monetary funds agree to boost partnership

    Int'l, Arab monetary funds agree to boost partnership

    Date: 2015-04-20 07:56:36 GMT - USA - Economy - SN:3 - ID:2415369

    The International Monetary Fund (IMF) and its Arab counterpart signed on Monday a memo of understanding to boost partnership and to play a more effective role in meeting the needs of member states. The memo also provides for giving more training ....

  • Egypt bourse loses EGP 2.9bn

    Egypt bourse loses EGP 2.9bn

    Date: 2015-04-19 16:45:21 GMT - Egypt - Economy - SN:30 - ID:2413033

    The Egyptian Exchange (EGX) indices shut on Sunday's session collectively down over sales by Egyptian, Arab and foreign institutions and investment funds. The market capital lost about 2.9 billion pounds to hit 508.4 billion pounds, after ....

  • Sanmar Group to pump dlrs 350 mn investments in Egypt

    Sanmar Group to pump dlrs 350 mn investments in Egypt

    Date: 2015-04-19 11:32:03 GMT - Egypt - Economy - SN:24 - ID:2410253

    Egypt's Ambassador to India Hatem Tag El Din received on Sunday Deputy Chairman of Sanmar Group and Head of the Egyptian-Indian Business Council Vijay Sankar, according to a statement released by the Foreign Ministry. The meeting aims at ....

  • IMF: Positive indicators for Egypt economy

    IMF: Positive indicators for Egypt economy

    Date: 2015-04-17 10:56:03 GMT - Kingdom of Saudi Arabia - Economy - SN:10 - ID:2398169

    Head of the International Monetary Fund Christine Lagarde lauded the positive indicators achieved by the Egyptian economy recently, asserting the readiness of the IMF to offer Egypt the needed loans to push the national economy forward. In an ....

  • Bourse indexes lose EGP 400 mn last week

    Bourse indexes lose EGP 400 mn last week

    Date: 2015-04-17 10:04:19 GMT - Egypt - Economy - SN:8 - ID:2397897

    The Egyptian Exchange closed last week with losses amounting to EGP 400 million and its indexes were all down due to Sham El Nessim and Easter holidays. During the course of the week, the benchmark index EGX 30 declined 0.06 percent to 8,887 ....

  • 58 ships transit Suez Canal

    58 ships transit Suez Canal

    Date: 2015-04-15 11:44:40 GMT - Egypt - Economy - SN:20 - ID:2384277

    Fifty-eight vessels transited the Suez Canal on Wednesday carrying a cargo of around 3.9 million tons in two convoys. The south-bound convoy includes 37 ships carrying 1.428 million tons, while the north-bound convoy includes 21 vessels carrying ....

  • EGX up; index gains EGP 1.08 billion

    EGX up; index gains EGP 1.08 billion

    Date: 2015-04-14 14:43:24 GMT - Egypt - Economy - SN:41 - ID:2378197

    The Egyptian Stock Exchange (EGX) indices were collectively up at the close of Tuesday's trading, backed by purchases of Arab and Egyptian investors. The market capital gained EGP 1.08 billion to reach EGP 511.96 billion after transactions worth ....

  • Grains stock at Alex. port hits 1.128m tons

    Grains stock at Alex. port hits 1.128m tons

    Date: 2015-04-14 12:39:32 GMT - Egypt - Economy - SN:24 - ID:2376661

    Two Russian ships carrying 126,000 tons of wheat and two ships hoisting the flags of Ukraine and carrying 82,000 tons of corn arrived on Tuesday at Alexandria Port, the port head said. Abdel Qader Darwish added that the grain stock at the port ....

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