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Economy
- Service : English
- Category : Economy
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CBE opens account to receive donations to support national economy
Date: 2014-06-24 11:37:29 GMT - Egypt - Economy - SN:16 - ID:795151
The Central Bank of Egypt (CBE) has decided to open the door to donations to support the national economy at account number 037037, MENA learned Tuesday. The decision was made following President Abdel Fattah El Sisi's initiative to give up half ....
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Egyptian GDRs in London show mixed performance
Date: 2014-06-23 17:54:08 GMT - United Kingdom - Economy - SN:94 - ID:794075
The Egyptian global depository receipts (GDRs) in the London Stock Exchange showed mixed performance at the close of Monday's trading. The GDRs of the Commercial International Bank (CIB) and Orascom Telecom dropped to 4.88, 0.89 dollars ....
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48 vessels transit Suez Canal
Date: 2014-06-23 13:37:45 GMT - Egypt - Economy - SN:70 - ID:793611
Forty-eight vessels transited the Suez Canal Monday, carrying a total cargo of 2.317 million tons. The north-bound convoy comprised 21 ships, carrying a cargo of 980,000, while the south-bound convoy included 27 ships, carrying 1,337 million ....
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Egypt auctions T-bonds
Date: 2014-06-23 12:38:50 GMT - Egypt - Economy - SN:68 - ID:793464
The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 4 billion. In an online statement, the ministry said it sold EGP 2.25 billion of 3-year treasury bonds and EGP 500 billion of 7-year bonds. A coupon of 13.478% was ....
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EGX chief says considering increasing trading hours to 5 hours after Ramadan
Date: 2014-06-23 11:50:52 GMT - Egypt - Economy - SN:59 - ID:793362
Chairman of the Egyptian Exchange (EGX) Mohamed Omran said that he is considering taking a decision to increase trading hours to five hours instead of four. In exclusive statements to MENA, Omran said that the trading session will start at 9:30 ....
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Nile water down by 1cm
Date: 2014-06-23 10:31:55 GMT - Egypt - Economy - SN:51 - ID:793197
The Nile River water level dropped Monday to record 174.17 meters, one centimeter less than yesterday. The water released from the Aswan Dam reached 240 million cubic meters and the amount of water coming freshly from Lake Nasser reached 188 ....
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Minister: 20 new food commodities to be included in subsidy cards as of next month
Date: 2014-06-23 08:43:24 GMT - Egypt - Economy - SN:30 - ID:792860
Minister of Supply and Internal Trade Khaled Hanafy said a new subsidy system will start next month and will include 20 new food commodities from the public and private sector products to give the citizens the freedom to choose. The minister's ....
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Govt supports small- and medium-size enterprises in Egypt: minister
Date: 2014-06-23 06:49:14 GMT - Egypt - Economy - SN:2 - ID:792565
Minister of Industry and Trade Mounir Fakhry Abdel Nour said the government supports the establishment of small- and medium-size enterprises due to their roles in reducing the rates of unemployment. "These enterprises hire a huge number of ....
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EGX indexes show varied performance
Date: 2014-06-22 12:51:59 GMT - Egypt - Economy - SN:25 - ID:791587
The Egyptian Stock Exchange (EGX) indices showed varied performance at the close of trading on Sunday. The market capital lost about 224 million pounds to reach 480.95 billion pounds, amid transactions which hit 798 million pounds. The main ....
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Social responsibility among government top priorities -- Industry minister
Date: 2014-06-22 09:22:51 GMT - Egypt - Economy - SN:10 - ID:791130
Egypt's Minister of Industry, Trade and Small and Medium-Sized Enterprises Mounir Fakhry Abdel Nour asserted on Sunday that social responsibility is among the government's top priorities and policies. During the inauguration of a conference, ....
