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Economy
- Service : English
- Category : Economy
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Bourse indexes decline sharply in late trading
Date: 2014-04-06 14:23:00 GMT - Egypt - Economy - SN:23 - ID:652717
The Egyptian Exchange (EGX) indexes went down collectively during late trading on Sunday, losing the gains it made in the morning, due to intensive share sales by Egyptian investors. The main benchmark EGX 30 index went down by 1.5 percent, ....
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Minister:Firms registration hits 9-year high
Date: 2014-04-05 12:22:41 GMT - Egypt - Economy - SN:31 - ID:650563
Trade, Industry and Investment Minister Mounir Fakhri Abdel-Nour said that the establishment of new companies during March 2013 has reached its highest level in nine years, as 855 companies, with a capital of 549.1 billion EGP have been ....
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Egyptian economy recovering, no taxes to be imposed on expatriates - finance minister
Date: 2014-04-05 10:48:37 GMT - Kingdom of Saudi Arabia - Economy - SN:27 - ID:650362
Indicators began to show recovery of the Egyptian economy, said Finance Minister Hani Qadri Demian. He, meanwhile, denied that taxes will be imposed on Egyptian expatriates. There is also no intention to get a loan from the International ....
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Addis Ababa to benefit from African fund for food security
Date: 2014-04-05 07:23:38 GMT - Ethiopia - Economy - SN:9 - ID:649991
Under an agreement with the Food and Agriculture Organization (FAO), Ethiopia will benefit from the African Trust Fund for Food Security, the Foreign Ministry said Saturday. African states signatory to the agreement will get some 2 billion ....
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Legislative amendments to toughen punishment against tax evaders - minister
Date: 2014-04-04 15:38:35 GMT - Egypt - Economy - SN:17 - ID:649474
The Finance Ministry is working on legislative amendments to toughen penalties against tax evaders, Finance Minister Hani Kadri said Friday. Under the new amendments, tax evasion will be considered a crime instead of a misdemeanor, the minister ....
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Bourse loses EGP 26 bln, main index drops 6.67 pct last week
Date: 2014-04-04 09:12:55 GMT - Egypt - Economy - SN:7 - ID:648709
The Egyptian Exchange (EGX) lost over EGP 26 billion last week. During the course of the week, the benchmark EGX 30 index lost 6.67 percent reaching 7,701 points, said a weekly report issued by the Egyptian Exchange, of which MENA received a ....
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Finance ministry committed to paying public treasury debt to social insurance authority
Date: 2014-04-03 20:08:56 GMT - Egypt - Economy - SN:31 - ID:648248
The Finance Ministry is committed to paying the debt of the public treasury to the social insurance authority, said Finance Minister Hani Qadri Demian. This came during a meeting held with Social Security Ministry Ghada Wali on Thursday to ....
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Egypt-US fund to establish $120 mn projects in Egypt
Date: 2014-04-03 14:13:56 GMT - Egypt - Economy - SN:28 - ID:647709
The Egyptian-American Enterprise Fund will carry out an initiative to establish investment projects in Egypt worth $120 million, recently approved by the Congress, said Trade, Industry and Investment Minister Mounir Fakhri Abdel-Nour. During a ....
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Bourse continues trading on Egypt Telecom shares
Date: 2014-04-03 14:12:36 GMT - Egypt - Economy - SN:27 - ID:647706
The Egyptian Exchange decided to resume trading on the shares of fixed line monopoly operator Egypt Telecom after concerned authorities agreed to grant it a unified license to offer mobile services without including any new frequencies. The ....
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Finance ministry committed to paying public treasury debt to social insurance authority
Date: 2014-04-03 14:01:40 GMT - Egypt - Economy - SN:22 - ID:647658
The Finance Ministry is committed to paying the debt of the public treasury to the social insurance authority, said Finance Minister Hani Qadri Demian. This came during a meeting held with Social Security Ministry Ghada Wali on Thursday to ....
