Economy

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  • Category : Economy
  • Gov't approves contracting 8 investment projects - governor

    Gov't approves contracting 8 investment projects - governor

    Date: 2015-04-13 13:16:37 GMT - Egypt - Economy - SN:31 - ID:2370785

    Matrouh Governor Alaa Abu Zaid announced that the government approved of contracting eight investment projects in Matrouh and northwestern coast with a total cost of 15 billion pounds for the first time since 2011 so as to push forward the wheel of ....

  • Mahlab, Giza governor discuss ways of developing Giza

    Mahlab, Giza governor discuss ways of developing Giza

    Date: 2015-04-13 12:52:26 GMT - Egypt - Economy - SN:29 - ID:2370593

    Prime Minister Ibrahim Mahlab discussed on Monday with Giza Governor Khaled Zakaria the establishment of development projects in the governorate. Agriculture Minister Salah Hilal attended the talks. The governor proposed developing the Orman ....

  • Oil minister: Iran, China to broaden energy cooperation

    Oil minister: Iran, China to broaden energy cooperation

    Date: 2015-04-11 12:25:03 GMT - Iran - Economy - SN:17 - ID:2357621

    Iranian Oil Minister Bijan Namdar Zanganeh announced on Saturday that Tehran and Beijing are set to increase their cooperation in the energy sector after the western sanctions imposed against Iran are removed. "Iran and China will increase their ....

  • Egyptian GDRs in London show mixed performance

    Egyptian GDRs in London show mixed performance

    Date: 2015-04-10 17:29:31 GMT - United Kingdom - Economy - SN:26 - ID:2353517

    The Egyptian global depository receipts (GDRs) traded on London Stock Exchange showed mixed performance at the close of Friday's trading. The GDRs of Orascom Telecom and Commercial International Bank (CIB) went down by 6.47 percent and 0.94 ....

  • Decision to ban imports of Ramadan lanterns to encourage local industry: official

    Decision to ban imports of Ramadan lanterns to encourage local industry: official

    Date: 2015-04-10 17:21:14 GMT - Egypt - Economy - SN:25 - ID:2353489

    A decision to ban imports of Ramadan lanterns would encourage local industry, said chairman of the Federation of Egyptian Industries (FEI) Mohamed el Sewedi. In statements to MENA on Friday, Sewedi hailed as "audacious" the decision that was ....

  • Egypt Bourse indexes up

    Egypt Bourse indexes up

    Date: 2015-04-08 12:22:57 GMT - Egypt - Economy - SN:27 - ID:2338233

    The Egyptian Exchange (EGX) indexes were up at the start of trading on Wednesday due to purchases by local institutions and investment funds. The market capital reached 501.7 billion pounds after one hour of transactions up by 4.5 billion ....

  • 55 ships transit Suez Canal

    55 ships transit Suez Canal

    Date: 2015-04-08 10:12:09 GMT - Egypt - Economy - SN:15 - ID:2336753

    Fifty-five vessels crossed the Suez Canal on Wednesday, carrying a total cargo of 2,403 million tons. The south-bound convoy included 29 ships carrying 908,000 tons, while the north-bound convoy included 26 vessels carrying 1.495 million tons. ....

  • Bourse loses 4.5 billion pounds in early trading

    Bourse loses 4.5 billion pounds in early trading

    Date: 2015-04-08 10:07:28 GMT - Egypt - Economy - SN:12 - ID:2336705

    The Egyptian bourse lost EGP 4.5 billion to hit 498 billion pounds at the first hours of Wednesday session prompted by the release of the executive statutes of the tax law. The EGX 30 benchmark index dropped by 1.8 percent to 8,555 points in the ....

  • Supply Minister, Afreximbank official confer on funding ITDA projects

    Supply Minister, Afreximbank official confer on funding ITDA projects

    Date: 2015-04-08 09:53:39 GMT - Egypt - Economy - SN:8 - ID:2336537

    Supply Minister Khaled Hanafy met with Afreximbank Executive Vice President Dr Benedict Oramah Wednesday to discuss funding projects implemented by the Internal Trade Development Authority (ITDA). Hanafy and Oramah also talked about supporting ....

  • Egyptian GDRs in London show mixed performance

    Egyptian GDRs in London show mixed performance

    Date: 2015-04-07 17:14:21 GMT - United Kingdom - Economy - SN:47 - ID:2333109

    The Egyptian Global Depository Receipts (GDRs) traded on London Stock Exchange showed mixed performance at the close of Tuesday’s trading. The GDRs of the Commercial International Bank (CIB) went down by 2.61 percent to reach 6.72 dollars. The ....

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