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Economy
- Service : English
- Category : Economy
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Petroleum min. makes surprise visit to petroleum factories in Port Said
Date: 2014-07-11 09:55:11 GMT - Egypt - Economy - SN:6 - ID:822158
Petroleum Minister Sherif Ismail made a surprise visit on Thursday to the petroleum factories in Port Said. The visit comes as part of the minister's ongoing tours of a number of governorates. Ismail inspected Balaim Petroleum Co. and Denis ....
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Egypt auctions T-bills worth EGP 7bln
Date: 2014-07-10 12:48:01 GMT - Egypt - Economy - SN:25 - ID:820901
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 10.98%, it said, adding it accepted bids at ....
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Profit-taking drives bourse down
Date: 2014-07-10 12:46:10 GMT - Egypt - Economy - SN:24 - ID:820897
Indices of the Egyptian Exchange (EGX) collectively declined at closing on Thursday over profit-taking by Arab investors and local institutions. The market capital lost about 1.5 billion pounds to reach 487.4 billion pounds, amid transactions ....
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Minister, GIZ discuss cooperation in administrative reform
Date: 2014-07-10 12:44:44 GMT - Egypt - Economy - SN:23 - ID:820896
Minister of Planning, Follow-up and Administrative Reform Ashraf El Arabi met on Thursday with Regional Director of the German Federal Enterprise for International Cooperation (GIZ) here Thomas Engelhardt. During their meeting, they tackled ....
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Measures taken to save energy in Red Sea ports
Date: 2014-07-10 09:37:50 GMT - Egypt - Economy - SN:13 - ID:820410
Head of Red Sea Ports Authority (RSPA) Hassan Fallah said Thursday that he ordered authority officials to save energy and take urgent action to reduce consumption. Meanwhile, Suez's port of Adibiya received 30,251 tons of goods as well as 30,000 ....
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Egypt to buy 240,000 tons of wheat from Romania
Date: 2014-07-09 17:57:19 GMT - Egypt - Economy - SN:58 - ID:819823
Egypt's Ministry of Supply and Internal Trade made a contract to buy 240,000 tons of wheat from Romania to produce subsidized wheat. The wheat supplies will start arriving on August 21, said Minister Khaled Hanfi. This is the second tender to ....
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Agriculture min. urges agriculture competitiveness boost
Date: 2014-07-09 16:09:05 GMT - Egypt - Economy - SN:49 - ID:819697
Agriculture Minister Adel El Beltagui has called for enhancing the competitiveness of the agricultural sector. He said the farmers only get a quarter of the profits due to the high costs of the production inputs. "The effect of the increase in ....
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43 vessels transit Suez Canal
Date: 2014-07-09 15:17:32 GMT - Egypt - Economy - SN:41 - ID:819616
Forty-three ships transited the Suez Canal on Wednesday, carrying a total cargo of 2.160 million tons. The south-bound convoy included 26 ships, carrying 1.043 million tons, while the north-bound convoy included 17 ships, carrying about 1.117 ....
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Foreign investment inflows hit EGP 1.84bln during 3rd quarter of 2013/2014 - CBE
Date: 2014-07-09 14:08:06 GMT - Egypt - Economy - SN:31 - ID:819490
Net foreign direct investment inflows increased by 39.4 percent to hit EGP 1.84 billion in the third quarter of 2013/2014, according to the Central Bank of Egypt (CBE). In its annual report Wednesday, the CBE said that the volume of foreign ....
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97 percent of infrastructure work in South Valley development project - minister
Date: 2014-07-09 13:33:38 GMT - Egypt - Economy - SN:23 - ID:819395
Water Resources and Irrigation Minister Hossam Maghazi said that about 97 percent of infrastructure work of the South Valley Development Project in Toshka has been finalized. During his meeting with some operating companies in Toskha, Maghazi ....
