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Economy
- Service : English
- Category : Economy
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EGX main idex exceeds 8,000 points for 1st time since 2008 world crisis
Date: 2014-02-23 12:10:10 GMT - Egypt - Economy - SN:26 - ID:571748
The Egyptian Exchange (EGX)'s main index on Sunday went up exceeding 8,000 points for the first time since the world financial crisis in 2008 amid intensive buying of Egyptian stocks by investment funds and foreign foundations in the sectors of ....
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EGP 50bn in government investment funded by public treasury in 2014-2015 – Planning Minister
Date: 2014-02-23 11:14:56 GMT - Egypt - Economy - SN:22 - ID:571613
Planning and International Cooperation Minister Ashraf el-Araby said Sunday the value of government investments funded by the public treasury in 2014-2015 will not be less than EGP 50 billion. In statements, the minister added a meeting with ....
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Zaazou launches more inspection committees of tourism companies
Date: 2014-02-23 09:24:18 GMT - Egypt - Economy - SN:16 - ID:571359
Minister of Tourism Hisham Zaazou asked tourism companies to launch more field inspection tours of companies operating in the tourism field to follow up their commitment to law no. 38 of 2008 in this respect. Committees formed for that purpose ....
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Nile water level drops 1 cm
Date: 2014-02-22 12:40:41 GMT - Egypt - Economy - SN:45 - ID:570049
The Nile River water level dropped to 175.65 meters on Saturday, one centimeter less than Friday's reading, said the Irrigation and Water Resources Ministry. Water released from the High Dam today reached 145 million cubic meters. The released ....
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EHCSS chief, members sacked over losses
Date: 2014-02-22 12:33:45 GMT - Egypt - Economy - SN:41 - ID:570015
Supply and Internal Trade Minister Mohamed Abu-Shady sacked the chief and members of the Egyptian Holding Company for Silos and Storage (EHCSS) due to the company's failure to achieve its targets during fiscal 2012-2013. The company also incurred ....
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5,500 tourists arrive at Hurghada airport
Date: 2014-02-21 14:49:27 GMT - Egypt - Economy - SN:12 - ID:568649
As many as 5,500 tourists of different nationalities arrived at Hurghada airport Friday. In statements, an official said 39 planes, including 31 international and 8 domestic flights, landed at the airport earlier in the day carrying the ....
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Egyptian Exchange indexes up last week
Date: 2014-02-21 13:11:07 GMT - Egypt - Economy - SN:6 - ID:568460
The Egyptian Exchange indexes closed last week up and the market capital gained EGP 14.5 billion to hit EGP 485 billion. During the course of the week, the benchmark index EGX 30 jumped 3.98 percent to 7,893 points, said a weekly report issued by ....
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Egypt bourse continues upward trend
Date: 2014-02-20 14:36:24 GMT - Egypt - Economy - SN:18 - ID:567025
The Egyptian Exchange (EGX) continued its upward trend at the end of trading on Thursday, backed by intensive purchases by foreign and Arab investors and institutions. The market capital gained 2.7 billion pounds to increase its weekly gains to ....
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Interior, tourism ministers inspect security conditions in Sharm
Date: 2014-02-20 14:34:31 GMT - Egypt - Economy - SN:17 - ID:567020
Interior Minister Mohamed Ibrahim, Tourism Minister Hisham Zaazou and South Sinai Governor Khaled Fouda made a field tour of Sharm El-Sheikh on Thursday to check on the security situation. A closed meeting was then held with security officials to ....
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182-, 364-day T-bills auctioned
Date: 2014-02-20 14:18:03 GMT - Egypt - Economy - SN:15 - ID:566984
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 10.551%, it said, adding it accepted bids at ....
