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Economy
- Service : English
- Category : Economy
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Egypt bourse gains EGP 1.8bln, main index up 0.12 pct
Date: 2013-12-30 16:33:36 GMT - Egypt - Economy - SN:57 - ID:470332
The Egyptian Exchange (EGX) indices recorded collective rise at the closing of trading on Monday due to purchases by Egyptian and Arab investors. The market capital achieved gains of about 1.8 billion pounds to reach 427.3 billion pounds, after ....
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Committee formed to settle economic organizations' debts to investment bank
Date: 2013-12-30 13:02:46 GMT - Egypt - Economy - SN:53 - ID:469804
The Economic Group held a meeting Monday, under Prime Minister Hazem el-Beblawy, and in the presence of a host of ministers. The meeting tackled the debts owed to the National Investment Bank by 23 public and economic organizations, cabinet ....
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Ambitious economic activation plan for 2014 - minister
Date: 2013-12-30 11:53:46 GMT - Egypt - Economy - SN:44 - ID:469585
Despite the economic slowdown in Egypt in 2013 with the budget deficit reaching 240 billion EGP and trade balance deficit standing at 32 billion EGP, the Egyptian government has prepared an ambitious plan for activating the Egyptian economy, the ....
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Egypt signs oil exploration agreements with British firm
Date: 2013-12-30 11:51:54 GMT - Egypt - Economy - SN:43 - ID:469580
Egypt signed on Monday two oil and gas exploration agreements with Dana Petroleum of Britain at investments of $24 million. Under the accords, the British firm's arm in Egypt will explore oil and gas in two concessions in western Dakhla in the ....
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Two mega bakeries planned in New Valley -- minister
Date: 2013-12-30 10:53:02 GMT - Egypt - Economy - SN:38 - ID:469439
Two mega bakeries will be established in Kharja and Dakhla cities as the state-subsidized flour share of the New Valley will be increased by 120 tons, said Supplies Minister Mohamed Abu-Shadi. The decision was announced during a meeting with the ....
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Tourism occupancy rates in Sokhna will reach 90% on New Year's Eve – Suez Governor
Date: 2013-12-30 10:50:18 GMT - Egypt - Economy - SN:36 - ID:469431
Suez Governor Araby El Serwi said Monday tourism occupancy rates in Ein Sokhna and Zafranah hotels and resorts will reach 90% on the New Year's Eve to rise to 100% in the mid-year holiday. In a statement, he said concerts and entertainment ....
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Egypt eyes one million Indian tourists within 3 years
Date: 2013-12-30 08:25:59 GMT - Egypt - Economy - SN:13 - ID:469033
The Egyptian Tourist Authority (ETA) signed on Sunday a protocol of cooperation with the Indian Association of Tour Operators (IATO) to lure more Indian tourists to Egypt, said Governor of Luxor Tareq Saad el-Din. The agreement aims to attract ....
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Mixed performance at EGX, main index down 0.56%
Date: 2013-12-29 15:48:46 GMT - Egypt - Economy - SN:64 - ID:468268
The Egyptian Exchange showed mixed performance on Sunday affected by sale operations by foreign investment funds and institutions. The market capital lost EGP 500 million to reach EGP 425.5 billion. The EGX 30 benchmark index dropped by 0.56 ....
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91, 273-day T-bills auctioned
Date: 2013-12-29 15:00:39 GMT - Egypt - Economy - SN:60 - ID:468176
The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 4.5 billion. In an online statement, the ministry said it sold EGP 1.5 billion of 91-day T-bills with a 2.9 bid-to-cover ratio. The average yield was 10.533%, it ....
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Egypt, India sign tourism coop. protocol in Luxor
Date: 2013-12-29 14:54:06 GMT - Egypt - Economy - SN:58 - ID:468170
Tourism Minister Hisham Zazou and Civil Aviation Minister Abdulaziz Fadel attended on Sunday the signing ceremony of the protocol of cooperation between the Egyptian Tourism Promotion Authority (ETPA) and The Indian Association of Tour Operators ....
