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Economy
- Service : English
- Category : Economy
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Finance minister says no deal with IMF before elections
Date: 2014-03-30 15:08:25 GMT - Egypt - Economy - SN:35 - ID:639489
Finance Minister Hani Qadri said on Sunday that it is too early to speak about any agreement with the International Monetary Fund (IMF) before a president and parliament are elected. "If it became necessary, however, we can reach a deal to ....
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Bourse indexes lose 6.5 bln EGP
Date: 2014-03-30 09:59:00 GMT - Egypt - Economy - SN:19 - ID:638741
The Egyptian Exchange (EGX) lost 6.5 billion EGP affected by intensified share sales by Egyptian and Arab funds. The main benchmark EGX 30 index lost 2.02 percent reaching 8,084.81 points. The broader EGX 70 index of the leading small and ....
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Implementing new petrochemical projects boost for Egyptian economy - minister
Date: 2014-03-29 14:36:36 GMT - Egypt - Economy - SN:46 - ID:637643
Minister of Petroleum and Mineral Resources Sherif Ismail underlined that implementing new petrochemical projects is a boost for the Egyptian economy via providing the needs of the local market from the petrochemical products. The projects offer ....
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Nile water level unchanged
Date: 2014-03-29 10:44:19 GMT - Egypt - Economy - SN:33 - ID:637148
The Nile River water level recorded 175.33 meters on Saturday, the same as the reading of Friday. Water released from Aswan Dam reached 145 million cubic meters and water coming freshly to Lake Nasser today was also the same, according to a ....
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Egyptian GDRs in London up
Date: 2014-03-28 18:06:03 GMT - United Kingdom - Economy - SN:23 - ID:636350
The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange rose at the close of Friday's trading. The GDRs of the Commercial International Bank (CIB) and Orascom Telecom rose by 0.39 and 11.11 percent respectively. ....
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Arab Contractors Company has $3bn projects in Africa
Date: 2014-03-28 09:51:22 GMT - Egypt - Economy - SN:8 - ID:635384
The total value of contracts signed to carry out projects in Africa has reached $3 billion in early February, said Board Chairman of the Arab Contractors Company Mohamed Mohsen Salah. The projects are being executed in 18 African countries with ....
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Supply minister heads for Nigeria to attend UNECA meeting
Date: 2014-03-28 08:35:27 GMT - Egypt - Economy - SN:2 - ID:635246
Minister of Supply and Internal Trade Khaled Hanafi left here Friday heading for Nigeria to attend the 7th meeting of United Nations Economic Commission for Africa (UNECA) due there on Saturday. Ministers of planning, finance and economy from 55 ....
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Egyptian Exchange loses EGP 3 bn last week
Date: 2014-03-28 08:33:08 GMT - Egypt - Economy - SN:1 - ID:635241
The Egyptian Exchange closed last week with losses amounting to EGP3 billion and its indexes were all down. The capital market declined to EGP487.4 billion. During the course of the week, the benchmark index EGX 30 retreated 2.45 percent down ....
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182-, 364-day T-bills auctioned
Date: 2014-03-27 12:42:13 GMT - Egypt - Economy - SN:23 - ID:634135
The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 6 billion. In an online statement, the ministry said it sold EGP 2.5 billion of 182-day T-bills. The average yield was 10.637%, it said, adding it accepted bids at ....
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Abdel-Nour tackles energy cooperation with Russia
Date: 2014-03-27 12:35:42 GMT - Egypt - Economy - SN:21 - ID:634125
Trade, Industry and Investment Minister Mounir Fakhri Abdel-Nour had a series of meetings with a number of Russian officials and heads of funding institutions before his departure from Moscow. In a statement Thursday, the ministry said ....
