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Economy
- Service : English
- Category : Economy
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Foreign reserves rose to $17.307bln by end of February -- CBE
Date: 2014-03-04 12:51:11 GMT - Egypt - Economy - SN:27 - ID:589618
Foreign reserves rose to $17.307 billion by the end of February, up $202 million from the $17.105 billion recorded in January, the Central Bank of Egypt (CBE) said on Tuesday. CBE Governor Hisham Ramez noted this increase in statements he gave at ....
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Petroleum minister, foreign companies discuss future projects in Egypt
Date: 2014-03-04 12:19:11 GMT - Egypt - Economy - SN:22 - ID:589505
Petroleum Minister Sherif Ismail met on Tuesday with Chairman of British Gas Arshad Sophie. Several petroleum projects were discussed during the meeting. They probed the possibility of linking eight wells west of the delta with deep ....
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Japan pledges USD 49,000 for Upper Egypt province
Date: 2014-03-04 06:17:56 GMT - Egypt - Economy - SN:5 - ID:588646
The government of Japan has pledged USD 49,000 to the Upper Egyptian province of Qena to help buy a mobile clinic to serve residents of six villages of Qus Township. Japanese Ambassador to Egypt Toshiro Suzuki and board chairman of the feminist ....
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EGX loses EGP 9.5bln
Date: 2014-03-03 17:05:51 GMT - Egypt - Economy - SN:75 - ID:588175
The Egyptian Exchange (EGX) indices went down at the end of Monday's trading due to intensive sales by Egyptian investors and investment funds. The EGX indices went down in the second largest daily decline since the ouster of president Mohamed ....
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Trading on 25 shares halted: EGX
Date: 2014-03-03 16:58:58 GMT - Egypt - Economy - SN:69 - ID:588147
The Egyptian Exchange (EGX) has stopped trading of shares of 25 companies for 30 minutes. The temporary halt came after a 5% decline, triggering a "circuit breaker" designed to prevent drastic market fluctuation. This is a regular ....
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Rise in foreign reserves - CBE
Date: 2014-03-03 13:32:54 GMT - Egypt - Economy - SN:55 - ID:587393
An increase was recorded in Egypt's foreign reserves, and its size will be announced within days, said Governor of the Central Bank of Egypt Hisham Ramez. During a press conference held following a meeting with new Prime Minister Ibrahim Mehleb ....
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WTO agreement to boost Egypt exports -- official
Date: 2014-03-03 11:52:16 GMT - Egypt - Economy - SN:57 - ID:587416
A recently-reached Trade Facilitation Agreement at a meeting of the World Trade Organization (WTO) will help Egypt boost its exports, said a senior official on Monday. "The accord will remove administrative barriers that hinder Egypt's exports in ....
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Egypt's bourse indices down amid pressure fears
Date: 2014-03-03 11:43:25 GMT - Egypt - Economy - SN:53 - ID:587384
Egypt's bourse indices dropped during trading amid a wave of sales by Egyptian and Arab investors. Fears of more pressure on stocks during the coming period fueled the sales. The EGX 30 benchmark index went down by 1.7 percent to 7938.28 ....
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CAPMAS: 12% drop in balance of trade deficit
Date: 2014-03-03 10:16:06 GMT - Egypt - Economy - SN:45 - ID:587105
The balance of trade deficit declined by 13 percent in November 2013, reaching 23.55 billion compared with the same month last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). A CAPMAS statement said that ....
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EGX trading hit LE 2.02 bln; EGX 30 down 0.64 percent
Date: 2014-03-02 15:04:17 GMT - Egypt - Economy - SN:35 - ID:585834
Egypt stock exchange trading on Sunday hit LE 2.02 bln while the main index EGX 30 lost 0.64 percent to 8,075.59 points. Also, EGX 100 went down by 0.1 percent to hit 1,117.97 points while EGX 70 decreased by 0.15 percent to 652.21 points. ....
