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Economy
- Service : English
- Category : Economy
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EGX slides down losing 9bln pounds due to slumping world stock markets
Date: 2014-10-12 10:57:11 GMT - Egypt - Economy - SN:21 - ID:1107209
The Egyptian Exchange (EGX) indexes plunged during mid-day trading on Sunday due to a sharp decline in world stock markets over concerns about a looming economic crisis. The market capital lost 9 billion pounds to reach 516 billion pounds, amid ....
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Beheira governor discusses establishing factory to produce paper pulp
Date: 2014-10-11 18:17:31 GMT - Egypt - Economy - SN:42 - ID:1103777
Beheira Governor Mostafa Hadhoud discussed on Saturday with a businessmen delegation steps to establish a factory to transform rice straw into paper pulp used in producing papers at a cost of a half billion pounds. "The project is eco-friendly ....
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Abdel Nour embarks on visit to Kazakhstan next week
Date: 2014-10-11 11:19:34 GMT - Egypt - Economy - SN:33 - ID:1101149
Minister of Industry and Trade Munir Fakhri Abdel Nour will embark next week on a visit to Kazakhstan that aims at bolstering joint trade and economic relations. A statement released on Saturday by the Ministry said Abdel Nour will meet with ....
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Meetings with bank officials, IMF going on normally - Ramez
Date: 2014-10-11 08:49:38 GMT - USA - Economy - SN:19 - ID:1100069
The official meetings being held by the Egyptian delegation with a host of bank officials and the International Monetary Fund (IMF) are going on normally, said Central Bank of Egypt (CBE) Governor Hesham Ramez. Ramez further said that he will ....
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Changes occurred in international approaches toward Egypt - NBE chairman
Date: 2014-10-11 08:08:31 GMT - USA - Economy - SN:16 - ID:1099761
Chairman of the National Bank of Egypt (NBE) Hesham Okasha said that a change took place in the international approaches toward Egypt, especially following recent meetings of Egypt's President Abdel Fattah El Sisi. Okasha's remarks came during a ....
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Egypt bourse loses EGP 4.4 billion during 2 sessions in week trading
Date: 2014-10-10 07:27:06 GMT - Egypt - Economy - SN:1 - ID:1094213
The Egyptian Exchange (EGX) lost 4.4 billion pounds during two sessions of the week trading and the market capital reached about 524.6 billion pounds. The EGX 30 benchmark index declined 1.8 percent to reach 9,552 points. The EGX 70 index of ....
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182-, 364-day T-bills auctioned
Date: 2014-10-09 13:06:02 GMT - Egypt - Economy - SN:17 - ID:1090689
The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 7 billion. In an online statement, the ministry said it sold EGP 3 billion of 182-day T-bills. The average yield was 12.064%, it said, adding it accepted bids at ....
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National committee of Renaissance Dam to convene in Cairo next Thursday - minister
Date: 2014-10-09 12:48:55 GMT - Egypt - Economy - SN:16 - ID:1090581
The national committee of the Renaissance Dam will convene in Cairo next Thursday to resume talks related to the road map approved by the water ministers of Egypt, Sudan and Ethiopia during their meetings in Khartoum, said Water Resources and ....
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CBE: Foreign reserves up in September
Date: 2014-10-09 11:21:38 GMT - Egypt - Economy - SN:11 - ID:1089741
The Central Bank of Egypt (CBE) on Wednesday said that the country's foreign reserves have increased to hit 16.872 billion dollars in September. In a press release on its website, the CBE added that the figure was 16.836 billion dollars in August. ....
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Industry minister in Meit Ghamr to stand on problems of Aluminum manufacturers
Date: 2014-10-09 10:21:01 GMT - Egypt - Economy - SN:7 - ID:1089153
Trade and Industry Minister Monier Fakhri Abdel Nur met on Thursday with the members of Meit Ghamr investors association to know problems facing Aluminum manufacturers. There are 2,500 workshops operating in the Aluminum field in Meit Ghamr at ....
