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Economy
- Service : English
- Category : Economy
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Cabinet approves EBRD loan to develop railways
Date: 2014-07-16 16:53:46 GMT - Egypt - Economy - SN:67 - ID:830855
The cabinet approved during its meeting on Wednesday a loan agreement with the European Bank for Reconstruction and Development (EBRD) to be channeled to the development of the Egyptian National Railways. The loan agreement is worth 126 million ....
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Suez Canal revenues up by 6.6% in May
Date: 2014-07-16 15:27:56 GMT - Egypt - Economy - SN:54 - ID:830706
Revenues of the Suez Canal rose by 6.6 percent in May compared to April to hit 471.7 million dollars, according to a report by the Cabinet's Information and Decision Support Center on Wednesday. On an annual base, the proceeds jumped 7.7 percent ....
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Top gold manufacturer opens new factory in Egypt
Date: 2014-07-16 15:12:03 GMT - Egypt - Economy - SN:44 - ID:830677
L’azurde Group, a leading gold and diamonds manufacturer, has announced the opening of a new factory in Egypt. Selim Chidiac, the group's chief executive officer, said the factory was established with EGP 100 million investments. "The factory ....
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Export tariff imposed on marble, granite, sands - minister
Date: 2014-07-16 14:25:32 GMT - Egypt - Economy - SN:40 - ID:830565
Trade and Industry Minister Mounir Fakhry Abdel-Nour decided to impose an export tariff worth 200 pounds on each ton of marble and granite. The minister further said that an export tariff worth 50 pounds will be imposed on each ton of all kinds ....
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Int'l cooperation minister reviews cooperation programs with EBRD officials
Date: 2014-07-16 13:47:06 GMT - Egypt - Economy - SN:38 - ID:830489
Minister of International Cooperation Naglaa el-Ahwani held cooperation talks on Wednesday with European Bank for Reconstruction and Development (EBRD) Managing Director for the Southern and Eastern Mediterranean Regions Hildegard Gacek and head of ....
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Profit-taking drives Egypt's bourse down
Date: 2014-07-16 13:03:39 GMT - Egypt - Economy - SN:32 - ID:830351
The Egyptian Exchange (EGX) slipped on profit-taking at the end of Wednesday's trading amid sales by Egyptian investors. The market capital reached 492.22 billion pounds, after transactions hit EGP 940 million. The benchmark EGX 30 index ....
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Egyptian GDRs in London stable
Date: 2014-07-16 06:56:02 GMT - United Kingdom - Economy - SN:4 - ID:829540
The Egyptian global depository receipts (GDRs) in the London Stock Exchange (LSE) showed stable performance at the close of Tuesday's trading. The GDRs of the Commercial International Bank (CIB) went up by 0.86 percent. However, the GDRs of ....
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Suez Canal Authority workers donate month salary to "Long live Egypt" fund
Date: 2014-07-15 16:02:59 GMT - Egypt - Economy - SN:42 - ID:828980
Chairman of the Suez Canal Authority Mohab Mamish said Tuesday the workers donated a month salary to the "Long live Egypt" fund. The workers submitted the check in 307037 account that was allocated by Central Bank Of Egypt to receive donations. ....
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EGX index up 1.12%
Date: 2014-07-15 15:56:04 GMT - Egypt - Economy - SN:37 - ID:828968
Egypt Exchange (EGX) indices recorded collective gains at the end of trading Tuesday, backed by intensive purchases by foreign investors. The market capital gained about 3.6 billion pounds to reach 492.7 billion pounds, amid transactions which ....
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44 vessels transit Suez Canal
Date: 2014-07-15 13:39:46 GMT - Egypt - Economy - SN:36 - ID:828637
Forty-four ships transited the Suez Canal on Tuesday, carrying a total cargo of 2.534 million tons. The north-bound convoy included 21 ships, carrying 963,000 tons, while the south-bound convoy included 23 ships, carrying about 571,000 tons. ....
