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Economy
- Service : English
- Category : Economy
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Canadian think tank to implement Egyptian-Saudi power linkage project
Date: 2014-01-19 10:10:20 GMT - Egypt - Economy - SN:39 - ID:507299
Egypt and Saudi Arabia signed a one-billion-dollar contract with a Canadian think tank to implement the power linkage project between the two sides, the Egyptian electricity minister said. In statements Sunday, Ahmed Imam said the project will be ....
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Number of tourists coming to Egypt down by 39% in November -CAPMAS
Date: 2014-01-19 09:58:45 GMT - Egypt - Economy - SN:37 - ID:507267
The Central Agency for Public Mobilization and Statistics (CAPMAS) said the number of tourists coming to Egypt decreased by 30 percent in November to reach 673,000 tourists against 1.1 million during the same month of the previous year. In its ....
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Economic growth rate likely to reach 4% in 2014 - minister
Date: 2014-01-19 08:37:26 GMT - Egypt - Economy - SN:18 - ID:507066
The economic growth rate is likely to reach 4 or 4.5 percent under the investment plan of the 2014-2015 fiscal year, the minister of planning said. Under the new plan, Egypt will focus on establishing projects in the region and in the ....
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Trade min. chairs meeting on boosting Egypt-France investments
Date: 2014-01-18 15:04:31 GMT - Egypt - Economy - SN:31 - ID:506231
Minister of Industry and Trade Mounir Fakhry Abdel-Nour chaired Saturday a meeting with the Egyptian side of Egyptian-French business council to review its action plan on boosting bilateral trade and investments. The meeting tackled preparations ....
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Government works for investing in renewable energy--Minister
Date: 2014-01-18 14:28:01 GMT - Egypt - Economy - SN:26 - ID:506115
Planning Minister Ashraf el-Arabi said the government works for investing in renewable energy and rationalizing energy subsidies. The coming phase needs strong and difficult decisions, which will only be implemented by confidence between citizens ....
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WB allots $240mln for micro, small projects in Egypt
Date: 2014-01-17 12:30:57 GMT - Egypt - Economy - SN:19 - ID:504079
The World Bank has allocated $240 million to promote the ability of micro and small sized enterprises in Egypt to get sustainable and commercial funding, said Sahar Nasr, the Lead Economist in WB’s Finance and Private Sector Development Department ....
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CBE keeps interest rates unchanged
Date: 2014-01-16 17:56:42 GMT - Egypt - Economy - SN:45 - ID:503158
The Monetary Policy Committee at the Central Bank of Egypt (CBE) has kept the overnight interest rate unchanged. The rate is 8.25 per cent for deposit and 9.25 percent for lending, the CBE said. The committee had decided over three meetings ....
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Obstacles faced by Agricultural investors should be eliminated: minister
Date: 2014-01-16 14:45:48 GMT - Egypt - Economy - SN:33 - ID:502773
Agriculture Minister Ayman Farid Abu Hadid underscored the significance of providing all necessary measures to eliminate obstacles faced by the Saudi investors in the agriculture sectors. He asserted that his ministry is exerting its utmost to ....
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Egypt bourse gains EGP 7.8bln during constitution referendum week
Date: 2014-01-16 14:43:24 GMT - Egypt - Economy - SN:31 - ID:502760
The Egyptian Exchange (EGX) achieved gains, worth 7.8 billion pounds during this week over optimism of the constitution referendum. However, at the end of week trading on Thursday, the market capital lost 1.16 billion pounds to reach 434.46 ....
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182-, 364-day T-bills auctioned
Date: 2014-01-16 14:38:24 GMT - Egypt - Economy - SN:30 - ID:502749
The Finance Ministry auctioned on Thursday treasury bills at a total value of 6.5 billion pounds. In an online statement, the ministry said it sold 2.5 billion pounds of 182-day T-bills with a 2.85 bid-to-cover ratio. The average yield was ....
