Economy

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  • Category : Economy
  • Egypt banks to allocate 2% of net profits for societal projects

    Egypt banks to allocate 2% of net profits for societal projects

    Date: 2014-09-23 12:28:00 GMT - Egypt - Economy - SN:26 - ID:996853

    Chairman of the Federation of Egyptian Banks Hisham Ezz el-Arab has launched an initiative by which all banks operating in Egypt, including foreign banks, will allocate 2 percent of their net profits for societal projects. Addressing a forum ....

  • Bourse indexes show mixed performance

    Bourse indexes show mixed performance

    Date: 2014-09-22 13:46:24 GMT - Egypt - Economy - SN:62 - ID:990153

    The Egyptian Stock Exchange (EGX) indexes showed varied performance at the close of Monday's trading. The capital market lost about 470 million pounds to hit 524.7 billion pounds, amid transactions which reached about 671 million pounds. ....

  • Egypt auctions T-bonds at EGP 2 billion

    Egypt auctions T-bonds at EGP 2 billion

    Date: 2014-09-22 12:10:28 GMT - Egypt - Economy - SN:57 - ID:989221

    The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 2 billion. In an online statement, the ministry said it sold EGP 1.5 billion of 5-year and EGP 500 million of 10-year. The Central Bank of Egypt auctions T-bonds ....

  • CAPMAS employees buy 2.8m worth of Suez's investment certificates

    CAPMAS employees buy 2.8m worth of Suez's investment certificates

    Date: 2014-09-22 09:08:52 GMT - Egypt - Economy - SN:39 - ID:987513

    Employees of the Central Agency for Public Mobilization and Statistics (CAPMAS) bought Suez Canal investment certificates at a total value of 2.8 million pounds. In a statement, the CAPMAS said the employees are confident in the new waterway ....

  • PM appoints independent experts as EGX board members

    PM appoints independent experts as EGX board members

    Date: 2014-09-22 09:07:51 GMT - Egypt - Economy - SN:38 - ID:987501

    Prime Minister Ibrahim Mahlab has decided to appoint two independent experts at the Egyptian Exchange (EGX) board. The government is seeking to apply principles of good governance at the EGX board, an EGX statement said Monday. Ayman Ahmed ....

  • IDSC: Suez Canal revenues up by 8.6% in July

    IDSC: Suez Canal revenues up by 8.6% in July

    Date: 2014-09-21 10:00:33 GMT - Egypt - Economy - SN:20 - ID:980773

    The Suez Canal revenues increased in July this year by 8.6% registering 482.2 million dollars, compared with 443.9 million dollars in June, the Cabinet, Information and Decision Support Center (IDSC) said. The number of ships that transited the ....

  • Investment minister, Egypt's amb. to India probe joint cooperation

    Investment minister, Egypt's amb. to India probe joint cooperation

    Date: 2014-09-20 17:30:56 GMT - Egypt - Economy - SN:48 - ID:977649

    Investment Minister Ashraf Salman met with new Egyptian Ambassador to India Hatem Tag Eldin in the presence of senior officials in the ministry. The meeting took up the Egyptian economic policies during the coming phase and the plan set by the ....

  • Egyptian Economic Summit aims at creating partnership with world countries - minister

    Egyptian Economic Summit aims at creating partnership with world countries - minister

    Date: 2014-09-20 12:32:07 GMT - Egypt - Economy - SN:40 - ID:975933

    International Cooperation Minister Naglaa el-Ahwani said that the Egyptian Economic Summit which will be held in February aims at creating partnership with world countries and attracting foreign as well as local investments. The government ....

  • Egyptian-Algerian committee discusses cooperation in field of energy and gas

    Egyptian-Algerian committee discusses cooperation in field of energy and gas

    Date: 2014-09-20 08:07:15 GMT - Algeria - Economy - SN:22 - ID:973541

    The experts committee, which will convene on September 21, 22, in Egypt to prepare for the seventh session of the joint Egyptian-Algerian committee,will discuss several proposals including trade ties and cooperation in the field of energy and gas, ....

  • Egyptian GDRs in London stable

    Egyptian GDRs in London stable

    Date: 2014-09-20 05:56:09 GMT - United Kingdom - Economy - SN:2 - ID:972909

    The Egyptian global depository receipts (GDRs) in the London Stock Exchange showed stable performance at the close of Friday's trading. The GDRs of Orascom Telecom, EFG-Hermes and Orascom Construction Industries remained unchanged at 0.80, 5.00 ....

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