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Economy
- Service : English
- Category : Economy
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Saudi economists eagerly await Beblawy's visit to kingdom
Date: 2014-02-03 13:35:49 GMT - Kingdom of Saudi Arabia - Economy - SN:52 - ID:535295
The upcoming visit to Saudi Arab by Egypt's Prime Minister Hazem el-Beblawy is gaining great interest particularly among economists in the kingdom as Saudi investments in Egypt hit 23 billion dollars in January. Saudi Arabia is the number one ....
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Profit-taking drives Egypt's bourse down
Date: 2014-02-03 13:27:58 GMT - Egypt - Economy - SN:50 - ID:535276
The Egyptian Exchange (EGX) slipped on profit-taking at the end of Monday's trading over an expected cabinet reshuffle and the possible presidential bid by Field Marshal Abdel-Fattah el-Sisi. The market capital lost up to EGP 680 million to reach ....
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Tourism companies' sector assigned to ensure pilgrims' comfort
Date: 2014-02-03 13:20:09 GMT - Egypt - Economy - SN:48 - ID:535250
Tourism Minister Hisham Zaazou entrusted the tourism companies' sector to provide all the necessary guarantees to ensure the pilgrims' comfort. In statements Monday, Zaazou underlined the need of taking all the necessary measures to avoid ....
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37 ships transit Suez Canal
Date: 2014-02-03 11:03:20 GMT - Egypt - Economy - SN:30 - ID:534871
Thirty-seven ships passed through the Suez Canal on Monday carrying a total cargo of 1.912 million tons. The south-bound convoy included 11 vessels with a total cargo of 494,000 million tons while the 26 vessels of the north-bound convoy had a ....
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Army engineering authority to renovate Dabaa nuclear plant
Date: 2014-02-03 10:58:43 GMT - Egypt - Economy - SN:28 - ID:534862
A cooperation protocol has been signed between the Nuclear Power Plants Authority (NPPA) and the Engineering Authority of the Armed Forces to rehabilitate the Dabaa site. The renovation is one step by the electricity sector toward implementing ....
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Gov't loans for solar energy projects
Date: 2014-02-02 16:54:39 GMT - Egypt - Economy - SN:42 - ID:533934
Local Development Minister Adel Labib said on Sunday the government got loans for implementing solar energy projects. He added that an initiative of Saudi businessman Sheikh Saleh Kamel for developmental projects was also effective. "We will ....
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Tourism Minister sees growing number of tourists
Date: 2014-02-02 16:48:27 GMT - Egypt - Economy - SN:41 - ID:533919
The Council of Governors on Sunday reports presented by the ministries of tourism and environment. Tourism Minister Hesham Zazou pointed out that the number of tourists has increased as many countries lift their travel bans to Egypt. He added ....
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Egypt budget deficit hits 4.4% of GDP in first half of FY2013/2014 - Finance Ministry
Date: 2014-02-02 16:44:36 GMT - Egypt - Economy - SN:39 - ID:533916
Egypt’s total budget deficit recorded 4.4 percent of the country's gross domestic product (GDP) from the first half of 2013/14 fiscal year, the Finance Ministry revealed on Sunday. According to the ministry's bulletin, the deficit has reached ....
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500 feddans for medical plants, new greenhouses in Hurghada
Date: 2014-02-02 15:44:19 GMT - Egypt - Economy - SN:33 - ID:533805
Five hundred feddans will be allocated for the cultivation of medical plants in Hurghada and 500 new greenhouses for fruits and vegetables will be established to cover local needs, said Red Sea Governor Ahmed Abdullah. "Youth will be trained to ....
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Egypt bourse continues upward trend for 5th consecutive session
Date: 2014-02-02 15:07:26 GMT - Egypt - Economy - SN:29 - ID:533728
The Egyptian Exchange (EGX) continued its upward trend for the fifth consecutive session at the close of Sunday's trading backed by purchases of Egyptian investors. The market capital gained 2.6 billion pounds to reach 454.4 billion pounds on ....
