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Economy
- Service : English
- Category : Economy
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World Bank Group pumps over $8bn to upgrade agricultural sector in Egypt
Date: 2014-05-31 06:57:54 GMT - Egypt - Economy - SN:14 - ID:752682
The World Bank Group has helped boost agricultural investments in Egypt. In 2013, the group signed contracts with the agricultural sector worth 8.1 billion dollars, it said in a statement. The volume of aid offered by the International Bank ....
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Bourse trading stamp duty to be cancelled: minister
Date: 2014-05-31 06:17:56 GMT - Egypt - Economy - SN:3 - ID:752615
Minister of Finance Hany Kadry Dimian said Friday that the government is drafting a new bill to cancel the bourse stamp duties and to impose a ten-percent tax on the net capital gains (CGT) for personal and legal entities. The minister made the ....
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Bourse loses EGP 1.8bn last week
Date: 2014-05-30 10:53:00 GMT - Egypt - Economy - SN:8 - ID:751636
The Egyptian Exchange closed last week with losses amounting to EGP 1.8 billion and its indexes were all down. The capital market declined to EGP 476.2 billion, 0.37 percent less than last month. During the course of the week, the benchmark ....
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EGX indices down over reports about plans to impose taxes on capital revenues
Date: 2014-05-28 14:20:34 GMT - Egypt - Economy - SN:62 - ID:748632
The Egyptian Exchange (EGX) indices went down collectively on Wednesday over reports about plans by the government to impose taxes on capital revenues of trading. Several Arab and foreign investors were quick to sell their shares on the exchange ....
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Oil ministry signs agreement with Dana Petroleum
Date: 2014-05-28 14:07:57 GMT - Egypt - Economy - SN:57 - ID:748599
Oil Minister Sherif Ismail signed on Wednesday an agreement with the British Dana Petroleum Co. for gas and oil excavations in the South Valley governorate, the eastern desert. The agreement is worth at least 3.5 million dollars in investments. ....
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Nile River level drops by 1 cm
Date: 2014-05-28 12:20:14 GMT - Egypt - Economy - SN:54 - ID:748352
The Nile River water level dropped Wednesday to record 174.55 meters, one centimeter less than Tuesday. Water released from the Aswan Dam reached 250 million cubic meters and the amount of water coming freshly to Lake Nasser reached 198 million ....
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38 ships transit Suez Canal
Date: 2014-05-28 12:16:36 GMT - Egypt - Economy - SN:51 - ID:748338
Thirty-eight vessels passed through the Suez Canal on Wednesday, carrying a total cargo of 2.306 million tons. The south-bound convoy included 16 ships with a combined cargo of 1.077 million tons while the 22 ships of the north-bound convoy had a ....
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Tourism ministry exerts umost to promote tourism to Egypt -- Minister
Date: 2014-05-26 06:20:50 GMT - Egypt - Economy - SN:5 - ID:742738
Egypt’s Tourism Minister Hisham Zaazou asserted that the ministry is working its best to promote tourism to Egypt via implementing a strategy that is based on creative pivots including modern technology and social networks. This came during a ....
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Bourse indexes show mixed performance on election eve
Date: 2014-05-25 14:11:26 GMT - Egypt - Economy - SN:53 - ID:742033
The Egyptian Exchange (EGX) indexes showed mixed performance one day before the presidential elections start as local investment institutions made share purchases based on forward-looking expectations. The market capital lost about EGP 2.2 ....
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45 ships transit Suez Canal
Date: 2014-05-25 11:01:34 GMT - Egypt - Economy - SN:42 - ID:741552
Forty-five vessels passed through the Suez Canal on Sunday, carrying a total cargo of 2.934 million tons. The south-bound convoy included 21 ships with a combined cargo of 1.610 million tons while the 24 ships of the north-bound convoy had a ....
