Economy

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  • Category : Economy
  • Jordan to lift ban on Egyptian potatoes, palms exports

    Jordan to lift ban on Egyptian potatoes, palms exports

    Date: 2014-03-25 13:34:24 GMT - Egypt - Economy - SN:31 - ID:629938

    Egypt and Jordan agreed to lift the ban and open markets to Egyptian exports of potatoes, in addition to importing fruitful and decorative palm trees from Egypt under the same export terms to EU countries, the Ministry of Agriculture said in a ....

  • Egyptian bourse up, main index gains 1.15 pct

    Egyptian bourse up, main index gains 1.15 pct

    Date: 2014-03-25 13:14:31 GMT - Egypt - Economy - SN:27 - ID:629853

    Indices of the Egyptian Exchange (EGX) were up collectively at the closing of Tuesday, prompted by purchases by investment funds and Egyptian and Arab institutions. The main benchmark EGX 30 index increased 1.15 percent reaching 8,501.63 ....

  • 45 ships transit Suez Canal

    45 ships transit Suez Canal

    Date: 2014-03-25 12:50:53 GMT - Egypt - Economy - SN:26 - ID:629787

    Forty-five vessels transited the Suez Canal on Tuesday, carrying a total cargo of 2.377 million tons. The south-bound convoy included 20 ships carrying 954.000 tons, while the north-bound convoy included 25 vessels carrying a cargo of 1.423 ....

  • Nile River water level drops

    Nile River water level drops

    Date: 2014-03-25 12:05:34 GMT - Egypt - Economy - SN:17 - ID:629658

    The Nile River water level dropped Tuesday, recording 175.38 meters, one centimeter less than yesterday. Water released from the Aswan Dam reached 140 million cubic meters and the amount of water coming freshly to Lake Nasser reached 88 million ....

  • Egyptian GDRs in London in mixed performance

    Egyptian GDRs in London in mixed performance

    Date: 2014-03-24 18:16:56 GMT - United Kingdom - Economy - SN:85 - ID:628416

    The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange showed mixed performance on Monday. The GDRs of the Commercial International Bank (CIB) and EFG-Hermes went up by 0.38, 4.41 percent respectively. The GDRs ....

  • Egypt bourse shows mixed performance

    Egypt bourse shows mixed performance

    Date: 2014-03-24 15:23:31 GMT - Egypt - Economy - SN:64 - ID:628131

    The Egyptian Exchange (EGX) showed mixed performance on Monday, prompted by expectations regarding the highly-anticipated beginning of the presidential candidacy registration process. The market capital reached EGP 491.9 billion after ....

  • PM urges restructuring public sector companies

    PM urges restructuring public sector companies

    Date: 2014-03-24 12:23:55 GMT - Egypt - Economy - SN:55 - ID:627661

    Prime Minister Ibrahim Mahlab asserted on Monday the importance of restructuring the public sector companies. In press statements, Mahlab said that resolving the problems of these firms and making best use of their capabilities will help in ....

  • Egypt's trade balance down by 21.4% in December - CAPMAS

    Egypt's trade balance down by 21.4% in December - CAPMAS

    Date: 2014-03-24 11:48:50 GMT - Egypt - Economy - SN:48 - ID:627530

    Egypt's trade balance went down by 21.4 percent in December to hit 18.04 billion pounds against 22.95 billion pounds in the corresponding period of 2012 said the Central Agency for Public Mobilization and Statistics (CAPMAS). In a monthly ....

  • Supply Ministry to apply new measures to buy wheat from farmers

    Supply Ministry to apply new measures to buy wheat from farmers

    Date: 2014-03-24 11:40:31 GMT - Egypt - Economy - SN:45 - ID:627496

    New measures to buy wheat from local farmers will be applied as of mid April, Supply Minister Khaled Hanafi said Monday. Wheat will be packed in sacks that should be obtained from parties concerned to maintain the quality of crops, Hanafi ....

  • Banque Du Caire secures funds needed by Misr Petroleum, COOP

    Banque Du Caire secures funds needed by Misr Petroleum, COOP

    Date: 2014-03-24 11:35:43 GMT - Egypt - Economy - SN:43 - ID:627473

    Banque Du Caire has managed funds for Misr Petroleum Company and the Petroleum Cooperative Society Co. (COOP) to buy raw materials and oil derivatives. Misr Petroleum and COOP will re-sell and distribute the products to gas stations. The bank ....

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