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Economy
- Service : English
- Category : Economy
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Electricity min. witnesses inking of 2 contracts of steam-electric power stations in Suez
Date: 2014-08-18 09:31:56 GMT - Egypt - Economy - SN:29 - ID:879252
Electricity Minister Mohamed Shaker witnessed Monday the inking of two contracts of steam-powered electricity stations in Suez with a cost of 102 million pounds. The capacity of the station is 650 megawatt. This comes to resume efforts of the ....
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New Suez Canal certificates available for individuals, institutions -- Minister
Date: 2014-08-18 09:15:50 GMT - Egypt - Economy - SN:20 - ID:879165
The five-year investment vehicles for the New Suez Canal will be up for grabs by individuals and institutions alike, the planning minister has said. The investment certificates, to be offered by Misr Banque, Banque Du Caire and the National Bank ....
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Beltone to run 1st investment fund in Egypt with capital worth LE 100 mn
Date: 2014-08-18 08:58:37 GMT - Egypt - Economy - SN:22 - ID:879179
Beltone Mena Equity Fund (BMENAEA) has been chosen to run the first investment fund for deposits, liquidity and treasury bills to Misr Insurance Company after the Egyptian Financial Supervisory Authority approved for such companies to establish ....
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91-, 266-day T-bills auctioned
Date: 2014-08-17 14:39:03 GMT - Egypt - Economy - SN:34 - ID:878356
The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 5.5 billion. In an online statement, the ministry said it sold EGP 2.5 billion of 91-day T-bills with an average yield of 11.558%, adding it accepted bids at rates ....
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Bourse gains EGP 2.9 bn
Date: 2014-08-17 14:34:40 GMT - Egypt - Economy - SN:32 - ID:878346
The Egyptian Exchange made gains at the close of the week's first trading session backed by wide share purchases by foreign mutual funds and institutions. The market capital achieved gains worth EGP 2.9 billion to reach EGP 519.78 billion after ....
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EGP 15 billion expected to be paid on Suez Canal IT domain - min.
Date: 2014-08-17 12:15:45 GMT - Egypt - Economy - SN:25 - ID:878073
Communication and Information Technology Minister Atef Helmi said on Sunday that investments worth 12 to 15 billion pounds are expected to be pumped into the IT domain at the New Suez Canal project. Of all, nine to 11 billion pounds will be paid ....
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Speculative companies excluded from Egyptian Exchange – chairman
Date: 2014-08-16 08:43:04 GMT - Egypt - Economy - SN:20 - ID:876224
Chairman of the Egyptian Exchange Mohamed Omran said he will not allow the enlistment of companies that could distort the reputation of EGX. EGX has been receiving subscription requests from companies that have no actual activities and are aiming ....
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Surplus of incentives to go to top-priority projects -- Minister
Date: 2014-08-15 13:54:15 GMT - Egypt - Economy - SN:22 - ID:875523
Finance Minister Hani Qadri said Friday that any surplus of economic incentives will be used to finance top-priority projects approved by the Cabinet. Qadri has demanded that the transport, housing and industry ministers, as well as the governor ....
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Bourse indexes up last week
Date: 2014-08-15 12:48:24 GMT - Egypt - Economy - SN:17 - ID:875405
The Egyptian Exchange indexes closed last week up and the market capital gained EGP 6.9 billion to hit EGP 516.9 billion. During the course of the week, the benchmark index EGX 30 jumped 2.55 percent to 9,387 points, said a weekly report issued ....
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NUCA budget doubled - min.
Date: 2014-08-15 11:29:58 GMT - Egypt - Economy - SN:14 - ID:875271
Housing Minister Mostafa Madboly said on Friday that the budget dedicated to the development plan of the New Urban Communities Authority (NUCA) will be increased from 7.3 to 14 billion pounds. "This is to accomplish the underway projects as soon ....
