Economy

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  • Supply ministry mulls developing subsidized bread mechanism

    Supply ministry mulls developing subsidized bread mechanism

    Date: 2014-03-02 11:08:10 GMT - Egypt - Economy - SN:22 - ID:585229

    Supply Minister Khaled Hanafi unveiled the ministry's plan to develop the state-subsidized bread mechanism to make sure they are delivered to needy ones. The plan includes developing the quality of ration commodities, Henafi said during a meeting ....

  • 45 ships transit Suez canal

    45 ships transit Suez canal

    Date: 2014-03-01 13:44:25 GMT - Egypt - Economy - SN:57 - ID:583754

    Forty-five ships transited the Suez Canal on Saturday, carrying a total cargo of 2.206 million tons. The south-bound convoy included 27 ships, carrying 1.392 million tons, while the north-bound convoy included 18 vessels, carrying 814,000 tons. ....

  • GTM, Smart Village seal deal on conference tourism

    GTM, Smart Village seal deal on conference tourism

    Date: 2014-03-01 08:50:40 GMT - Egypt - Economy - SN:22 - ID:583028

    Global Trade Matters (GTM) has signed a deal with the Smart Village in the field of conference tourism. Worth 50 million pounds, the contract with the Smart Village reflects a sense of national and societal responsibility by GTM, said its board ....

  • World Bank Group announces up to US$1.2bn in support for Tunisia in 2014

    World Bank Group announces up to US$1.2bn in support for Tunisia in 2014

    Date: 2014-03-01 07:33:07 GMT - Tunisia - Economy - SN:12 - ID:582915

    World Bank Regional Vice President for the Middle East and North Africa, Inger Andersen has announced a US$1.2 billion program of support for the democratic transition in Tunisia. The announcement came at the end of a three-day visit to Tunisia ....

  • Tourism Minister meets British delegation in Sharm El-Sheikh

    Tourism Minister meets British delegation in Sharm El-Sheikh

    Date: 2014-02-26 15:35:34 GMT - Egypt - Economy - SN:58 - ID:578630

    Tourism Minister Hesham Zaazou met Wednesday with a British expert's delegation in Sharm El-Sheikh during their familiarization trip in the city. There is no country immune from terrorist incidents like the one which happened to a group of ....

  • Several agreements to be signed soon to secure local market needs - petroleum minister-designate

    Several agreements to be signed soon to secure local market needs - petroleum minister-designate

    Date: 2014-02-26 14:44:13 GMT - Egypt - Economy - SN:55 - ID:578510

    Petroleum Minister-designate Sherif Ismail said that he hopes that he would meet the people's aspirations within the upcoming phase. The petroleum sector has several agreements to explore petroleum and gas, which will be signed soon, he ....

  • Airbus gains 22 percent profits in 2013

    Airbus gains 22 percent profits in 2013

    Date: 2014-02-26 08:47:15 GMT - France - Economy - SN:25 - ID:577436

    Airbus said its profits rose last year on the back of record deliveries of its civilian jetliners and forecast further growth this year, ABC news reported. The European aerospace company, known until this year as EADS, said Wednesday that its net ....

  • Japan provides emergency aid of $16 mln to Egypt: embassy

    Japan provides emergency aid of $16 mln to Egypt: embassy

    Date: 2014-02-25 17:28:14 GMT - Egypt - Economy - SN:64 - ID:576724

    The Government of Japan has decided to provide emergency assistance of approximately 16 million US dollars for Egypt, according to its FY 2013 supplementary budget approved by the Diet on February 6, 2014. The assistance will be used for various ....

  • EGX indices down on new govt formation

    EGX indices down on new govt formation

    Date: 2014-02-25 17:19:33 GMT - Egypt - Economy - SN:63 - ID:576712

    The Egyptian Stock Exchange (EGX) indices went down during Tuesday trading. The market capital lost 1.2 bln pounds, recording 490.6 bln pounds after trading of 1.6 bln pounds. The EGX benchmark index went down by 0.21 percent, recording ....

  • agricultural sector main driving force of economic growth: Agriculture Minister

    agricultural sector main driving force of economic growth: Agriculture Minister

    Date: 2014-02-25 15:38:05 GMT - Egypt - Economy - SN:48 - ID:576499

    The agricultural sector is the main driving force of economic growth, said caretaker government's Agriculture Minister Ayman Farid. The remarks were made during a symposium organized by the Cairo University's Faculty of Economics and Political ....

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