Economy

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  • Egypt bourse loses EGP 5.2bln, main index down by 1.47%

    Egypt bourse loses EGP 5.2bln, main index down by 1.47%

    Date: 2014-06-17 13:27:21 GMT - Egypt - Economy - SN:29 - ID:783046

    The Egyptian Exchange (EGX) indices sharply went down on Tuesday amid intensive sale operations by local institutions and investment funds amid fears of the mounting crisis in Iraq and threats of a US military response. The bourse indices ignored ....

  • ITDA, USAID officials inaugurate 1st phase of project to e-connect notary offices

    ITDA, USAID officials inaugurate 1st phase of project to e-connect notary offices

    Date: 2014-06-17 12:49:32 GMT - Egypt - Economy - SN:20 - ID:782952

    Vice Chairman of the Internal Trade Development Authority (ITDA) Ahmed Edris and director of the USAID mission in Egypt Mary Ott inaugurated on Tuesday the first phase of a project to electronically connect notary offices across Egypt. Offices in ....

  • 35 vessels transit Suez Canal

    35 vessels transit Suez Canal

    Date: 2014-06-16 14:48:41 GMT - Egypt - Economy - SN:71 - ID:781325

    Thirty-five vessels transited the Suez Canal in two convoys on Monday carrying a total cargo of1.495 million tons. The south-bound convoy comprised 19 ships carrying a cargo of 1.211 million tons, while the north-bound convoy included 16 ships ....

  • Egypt bourse loses EGP 5.5bln, main index down by 1.53 pct

    Egypt bourse loses EGP 5.5bln, main index down by 1.53 pct

    Date: 2014-06-16 12:27:59 GMT - Egypt - Economy - SN:61 - ID:780992

    Egypt's bourse continued its downward trend at the end of closing on Monday, driven by sales by Arab and foreign investment funds and institutions. The market capital lost about 5.5 billion pounds to reach 487.4 billion pounds, amid transactions ....

  • Egypt's exports of crude oil, petroleum products up by 20.1% in April

    Egypt's exports of crude oil, petroleum products up by 20.1% in April

    Date: 2014-06-16 12:26:03 GMT - Egypt - Economy - SN:60 - ID:780985

    The Information and Decision Support Center (IDSC) on Monday uncovered a 20.1 % rise in Egyptian exports from crude oil and petroleum products during April. In its monthly economic report, a copy of which obtained by MENA, the IDSC said exports ....

  • Nile water level unchanged

    Nile water level unchanged

    Date: 2014-06-16 11:56:52 GMT - Egypt - Economy - SN:55 - ID:780908

    The Nile River water level remained unchanged on Monday, recording Sunday's same reading of 174.27 meters. Water released from the Aswan Dam reached 250 million cubic meters and the amount of water coming freshly to Lake Nasser was registered at ....

  • India, China, Germany top exporters of Egyptian cotton

    India, China, Germany top exporters of Egyptian cotton

    Date: 2014-06-16 10:44:19 GMT - Egypt - Economy - SN:47 - ID:780708

    Egypt has exported some 37,862 tons of cotton to different world countries this season. India, China, Germany, Italy and Turkey are the five top importers of Egyptian cotton. ....

  • Minister: 75% of govt projects to be finalized by June 30

    Minister: 75% of govt projects to be finalized by June 30

    Date: 2014-06-16 10:29:18 GMT - Egypt - Economy - SN:45 - ID:780662

    Planning and International Cooperation Minister Ashraf el-Arabi stressed on Monday that 75 percent of the projects included in the government's 2013/2014 plan will be finalized by June 30. Arabi, speaking to MENA, said the rest of the projects ....

  • Suez Canal revenues rise by 0.1% in April

    Suez Canal revenues rise by 0.1% in April

    Date: 2014-06-16 09:41:54 GMT - Egypt - Economy - SN:42 - ID:780548

    Revenues of the Suez Canal rose by 0.1 percent in April compared to March to hit 442.4 million dollars, according to a report by the Cabinet's Information and Decision Support Center on Monday. On annual base, the proceeds jumped 8.9 percent ....

  • Abdel Nour: Egypt capable of luring foreign investments, reaching out to int'l markets

    Abdel Nour: Egypt capable of luring foreign investments, reaching out to int'l markets

    Date: 2014-06-16 09:32:57 GMT - Egypt - Economy - SN:36 - ID:780523

    Minister of Industry, Trade and Investment Munir Fakhri Abdel Nour said Egypt is capable of luring investments given its Arab and African orientations and in view of its trade relations with several world countries, asserting that the Egyptian ....

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