Economy

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  • 3 Egyptian companies secured 1st place in Arab Quality Award

    3 Egyptian companies secured 1st place in Arab Quality Award

    Date: 2014-11-16 09:21:06 GMT - Egypt - Economy - SN:20 - ID:1341821

    Three Egyptian companies secured the first place in the Arab Quality Award offered by the Arab Organization for Industrial Development and Mining, said Industry and Trade Minister Monier Fakhri Abdel Nour. The companies are Sidi Krir Co. for ....

  • 51 ships cross Suez Canal

    51 ships cross Suez Canal

    Date: 2014-11-15 12:00:20 GMT - Egypt - Economy - SN:23 - ID:1337277

    Fifty-one ships transited the Suez Canal on Saturday, carrying a total cargo of 3.089 million tons. The north-bound convoy included 23 vessels, carrying 1.503 million tons, while the south-bound convoy included 28 ships, carrying 1.586 million ....

  • Egypt bourse up for 2nd week in a row, gains EGP 20 bn

    Egypt bourse up for 2nd week in a row, gains EGP 20 bn

    Date: 2014-11-14 07:46:00 GMT - Egypt - Economy - SN:1 - ID:1330393

    The Egyptian Exchange indexes closed last week up for the second week in a row. Its market capital gained EGP 20 billion to hit EGP 539.5 billion or 3.8 percent higher than the week before. During the course of the week, the benchmark index ....

  • IMF delegation here to prepare report on Egypt economy – Min.

    IMF delegation here to prepare report on Egypt economy – Min.

    Date: 2014-11-12 18:19:39 GMT - Egypt - Economy - SN:59 - ID:1321869

    Finance Minister Hany Qadry said on Wednesday that an International Monetary Fund (IMF) delegation arrived here to prepare a report on Egypt's economy. "It is the first IMF delegation to visit Egypt since 2010," Qadry said during the cabinet ....

  • EGX down 1.55 pct

    EGX down 1.55 pct

    Date: 2014-11-12 14:22:27 GMT - Egypt - Economy - SN:47 - ID:1320017

    The Egyptian Exchange (EGX) indices went down Wednesday on the backdrop of intensive sales by Egyptian and Arab investors. The market capital hit about 534.3 billion pounds after transactions wroth 765 billion pounds. The EGX 30 benchmark ....

  • Developing Upper Egypt villages project funded by KRCS

    Developing Upper Egypt villages project funded by KRCS

    Date: 2014-11-12 12:52:02 GMT - Egypt - Economy - SN:41 - ID:1318933

    The Egyptian Financial Group EFG-Hermes for social development has signed a memorandum of understanding with the Kuwaiti initiative to support the Egyptian people to fund the project of developing a village in Qus district in Qena province, Upper ....

  • Budget deficit up to EGP 65.8bn during 1st quarter of 2014-15

    Budget deficit up to EGP 65.8bn during 1st quarter of 2014-15

    Date: 2014-11-12 11:22:19 GMT - Egypt - Economy - SN:34 - ID:1317993

    Egypt's budget deficit increased to 65.8 billion pounds in the period between July and September 2014. The budget deficit stood at 59.9 billion in the same period in the last fiscal year, according to a Finance Ministry statement. Budget ....

  • Washington seeking real cooperation with Egypt, says diplomat

    Washington seeking real cooperation with Egypt, says diplomat

    Date: 2014-11-12 09:17:32 GMT - Egypt - Economy - SN:14 - ID:1316581

    The US administration is acting to support the Egyptian economy, said Senior Adviser to the US Secretary of State David Thorne Wednesday. Washington is keen on cooperating with Cairo at all levels, Thorne said, praising positive steps taken by ....

  • Minister: Egypt, France have great opportunities for joint investments in mega projects

    Minister: Egypt, France have great opportunities for joint investments in mega projects

    Date: 2014-11-12 08:34:21 GMT - Egypt - Economy - SN:11 - ID:1316133

    Supply and Internal Trade Dr Khaled Hefni asserted that Egypt and France have good relations in all fields and could join hands in establishing investments in the mega national projects which are currently under construction in Egypt. Addressing ....

  • Egypt, IMF start talks in Cairo

    Egypt, IMF start talks in Cairo

    Date: 2014-11-11 16:22:07 GMT - Egypt - Economy - SN:20 - ID:1311477

    A talking session between the Central Bank of Egypt and the International Monetary Fund started in Cairo on Tuesday. The session, the first in a series of talks on economic reforms in Egypt, focused on steps taken by the government to fix its ....

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