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Economy
- Service : English
- Category : Economy
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Electricity minister discusses mechanisms to distribute LED lamps
Date: 2014-07-09 12:00:58 GMT - Egypt - Economy - SN:16 - ID:819136
Electricity and Energy Minister Mohamed Shaker discussed here Wednesday with leaderships of electricity companies mechanisms to distribute LED lamps, which contribute to rationalizing consumption by about 90 percent. The minister also listened to ....
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Nile water level drops 2cm
Date: 2014-07-08 14:00:11 GMT - Egypt - Economy - SN:40 - ID:817726
The Nile River water level dropped Tuesday to 174.04 meters, two centimeters less than yesterday. Water released from the Aswan Dam reached 245 million cubic meters and the amount of water coming freshly to Lake Nasser reached 141 million cubic ....
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Fitch: Egypt's fuel price hikes are positive for credit profile
Date: 2014-07-08 13:33:49 GMT - Egypt - Economy - SN:38 - ID:817650
Fitch Ratings said Tuesday the recently announced fuel price hikes are an important step toward reducing subsidies that contribute to Egypt's substantial fiscal deficit - a key rating weakness. Tackling subsidies is a key way of reducing Egypt's ....
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CAPMAS: 6.82% increase in industrial production in 2013 Q 4
Date: 2014-07-08 13:30:25 GMT - Egypt - Economy - SN:37 - ID:817642
The Central Agency for Public Mobilization and Statistics (CAPMAS ) said on Tuesday that the industrial production had increased during the fourth quarter of 2013 by 6.82% hitting 80.81 billion pounds, compared to 75.64 billion pounds during the ....
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EGX gains EGP 3.3 bln
Date: 2014-07-08 12:25:10 GMT - Egypt - Economy - SN:24 - ID:817504
The Egyptian Exchange (EGX) indexes rose collectively at the close of Tuesday's trading backed by purchases of foreign investment funds and institutions. The market capital gained about 3.3 billion pounds to reach 486.83 billion pounds, amid ....
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Egyptian GDRs in London stable
Date: 2014-07-07 18:38:44 GMT - United Kingdom - Economy - SN:66 - ID:816503
The Egyptian global depository receipts (GDRs) in the London Stock Exchange (LSE) showed stable performance at the close of Monday's trading. The GDRs of Orascom Telecom, EFG-Hermes and Orascom Construction Industries remained unchanged at ....
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Egypt's strategy aims to foster cooperation with all African countries -- Minister
Date: 2014-07-07 15:29:02 GMT - Egypt - Economy - SN:50 - ID:816225
Egypt's Petroleum Minister Sherif Ismail asserted that Egypt's strategy aims to foster cooperation with all African countries in all fields especially that of hydrocarbon. His statement was given on his behalf by Head of the Egyptian General ....
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Collective decline in Egypt bourse
Date: 2014-07-07 15:27:57 GMT - Egypt - Economy - SN:49 - ID:816224
The Egyptian Exchange (EGX) recorded a collective decline at the close of trading on Monday, amid intensive sales by Arab and Egyptian investors. The market capital reached about 318 million pounds to reach 483.5 billion pounds, amid ....
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Egypt's foreign currency reserves down by 3.4% in June - CBE
Date: 2014-07-07 11:45:19 GMT - Egypt - Economy - SN:45 - ID:815627
Egypt's foreign currency reserves decreased in June by 3.4 percent to hit 16.687 billion dollars compared to 17.283 billion dollars in May, the Central Bank of Egypt said Monday. The decrease was prompted by Egypt's payment of 700 million ....
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Supply ministry offers subsidized food stuff
Date: 2014-07-07 11:24:54 GMT - Egypt - Economy - SN:38 - ID:815561
The Supply Ministry began on Monday offering subsidized food stuff in Cairo, Alexandria and some governorates of Upper Egypt in its affiliate supermarkets. During this week, these subsidized products will be available in all governorates, said an ....
