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Economy
- Service : English
- Category : Economy
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Finance ministry: Daily withdrawal limit mere rumors
Date: 2014-06-02 17:24:06 GMT - Egypt - Economy - SN:68 - ID:757376
The finance Ministry did not send a letter to the Central Bank of Egypt (CBE) governor to set the cash withdrawal daily limit to EGP 30,000, said spokesman of the Ministry of Finance Ayman al-Kaffas on Monday. "Such unfounded rumors are fueled ....
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New state budget deals with economic issues realistically - minister
Date: 2014-06-02 15:22:17 GMT - Egypt - Economy - SN:62 - ID:757159
The draft law of the 2014/2015 state budget adopts a realistic approach with the problems and challenges plaguing the national economy in the present phase while fulfilling the aspirations of the society for a decent living, Finance Minister Hani ....
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35 vessels transit Suez Canal
Date: 2014-06-02 14:34:18 GMT - Egypt - Economy - SN:60 - ID:757079
Thirty-five vessels transited the Suez Canal on Monday, carrying a total cargo of 1.504 million tons. The south-bound convoy included 20 ships, carrying 928,000 tons and the north-bound convoy included 15 vessels with a combined cargo of ....
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WB president: Saudi role imp. in global, regional development
Date: 2014-06-02 13:59:44 GMT - Kingdom of Saudi Arabia - Economy - SN:56 - ID:757016
World Bank Group President Jim Yong Kim, on his first visit to Saudi Arabia, highlighted the leadership role of the Kingdom in global and regional economic developments, said a report by the bank. He also emphasized the importance of ....
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Nile water level drops 2cm
Date: 2014-06-02 12:30:31 GMT - Egypt - Economy - SN:48 - ID:756764
The Nile River water level dropped Monday to record 174.47 meters, two centimeters less than Sunday. Water released from the Aswan Dam reached 255 million cubic meters and the amount of water coming freshly to Lake Nasser reached 151 million ....
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CBE: Domestic liquidity rises to 1.438 trillion by end of March
Date: 2014-06-02 11:36:39 GMT - Egypt - Economy - SN:40 - ID:756441
A latest report by the Central Bank of Egypt showed that domestic liquidity rose by 11 percent to reach 1.438 trillion pounds by the end of March. The report, a copy of which obtained by MENA, said the increase led to a 10.3 percent increase of ....
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Minister stresses need for Egyptian companies to use advanced technology
Date: 2014-06-02 10:12:27 GMT - Egypt - Economy - SN:37 - ID:756361
Egyptian companies need to use advanced technology to be able to hone Egypt's competitiveness and reduce unemployment rates, Trade and Industry Minister Mounir Fakhri Abdel-Nour has said. "We need to enter into integrated operations with ....
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Egypt's cotton exports hit 37,408 tons
Date: 2014-06-02 10:10:51 GMT - Egypt - Economy - SN:36 - ID:756356
Egyptian cotton exports since the start of the export season in September reached 37,408 tons, said head of the Cotton Exporters Association Mofreh el-Beltagy on Monday. India, China, Germany, Italy and the US are on the top of Egyptian cotton ....
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Egypt's bourse regains some of its losses, gains 3bn in early trading
Date: 2014-06-02 09:09:23 GMT - Egypt - Economy - SN:31 - ID:756227
The Egyptian stock exchange has swung back from three days' losses blamed on Capital Gains Tax and gained three billion pounds at early trading. Over the past three days, the bourse lost 363.3 billion pounds because of the Finance Ministry ....
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New amendments to be introduced to new bill: bourse chief
Date: 2014-06-02 09:03:43 GMT - Egypt - Economy - SN:30 - ID:756224
New amendments will be introduced to a draft bill on a capital gains tax on shares, said Egyptian Exchange (EGX) chief Mohamed Omran. The Egyptian bourse will continue work to maintain the attractiveness of the market through diversifying ....
