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Economy
- Service : English
- Category : Economy
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Investment rate hit 14.2 %, total investments declined during 2012/13 - planning ministry
Date: 2013-10-14 12:06:19 GMT - Egypt - Economy - SN:54 - ID:338294
The volume of investments during 2012-2013 went down by 3.7 percent to hit 248.6 billion pounds against 258.1 billion pounds during 2011-2012, the Planning Ministry revealed. The ministry, meanwhile, said the rate of public investment inched ....
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Trade minister meets S. Korean amb.
Date: 2013-10-14 09:24:39 GMT - Egypt - Economy - SN:31 - ID:337924
Minister of Industry and Foreign Trade Mounir Fakhry Abdel-Nour held talks with South Korean Ambassador here Kim Young-so to discuss means of boosting joint economic and commercial cooperation. During the talks, Abdel-Nour said the ministry ....
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Supply ministry intensifies inspection campaigns on jewellery shops, fuel stations during Eid
Date: 2013-10-14 09:20:51 GMT - Egypt - Economy - SN:28 - ID:337915
Supply and Internal Trade Minister Dr. Mohamed Abu-Shadi said a plan was drawn up to intensify inspection campaigns on gold and silver jewellery stores, workshops and fuel stations during Eidul-Adha. In statements on Monday, the minister said the ....
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Bourse main index hits 2-year high
Date: 2013-10-13 17:34:34 GMT - Egypt - Economy - SN:56 - ID:337324
The main index of the Egyptian Exchange (EGX) closed on Sunday with the highest level it has ever recorded since January 2011, backed by intensive share purchases by Egyptian, Arab and foreign equities and institutions. The market capital hit ....
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Egypt auctions T-bills, T-bonds
Date: 2013-10-13 17:12:31 GMT - Egypt - Economy - SN:53 - ID:337299
The Finance Ministry auctioned on Sunday treasury bills and bonds at a total value of EGP 7 billion. In an online statement, the ministry said it sold EGP 2 billion of 91-day T-bills with a 1.79 bid-to-cover ratio. The average yield was 10.758%, ....
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Govt committed to applying minimum wage in January -- minister
Date: 2013-10-13 17:08:53 GMT - Egypt - Economy - SN:52 - ID:337297
Finance Minister Ahmed Galal asserted on Sunday that the government is committed to applying the 1,200-EGP minimum wage decision as of January. The ministry has the finances required to do so, said Galal. ....
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Gov't ready to pump more aid to support national economy - minister
Date: 2013-10-13 15:17:41 GMT - Egypt - Economy - SN:44 - ID:337130
Minister of Planning Ashraf el-Arabi said that the government is ready to pump in more aid to support the national economy after implementing projects of the first package of aid worth EGP 22.3 billion to begin following the Greater Bairam ....
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Cairo airport receives gold cargo from UAE
Date: 2013-10-13 14:44:48 GMT - Egypt - Economy - SN:43 - ID:337087
Cairo airport received on Sunday a gold shipment weighing 150 kilograms coming from the United Arab Emirates. The 10 parcels of gold arrived on board an EgyptAir cargo plane coming from Dubai. The cargo will be transported to the Stamping ....
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Agriculture ministry seeks to double fish resources in North Sinai
Date: 2013-10-13 14:26:02 GMT - Egypt - Economy - SN:39 - ID:337057
The Ministry of Agriculture underlined the importance of developing and doubling fisheries in North Sinai governorate, especially at Lake Bardawil which is one of the purest lakes in the world on an area of 168 thousand acres. The ministry is ....
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Minister denies raising price of subsidized bread
Date: 2013-10-13 11:36:02 GMT - Egypt - Economy - SN:35 - ID:336728
Supply and Internal Trade Minister Mohamed Abu Shadi denied on Sunday media reports that the price of the state-subsidized bread will be raised from five to ten piasters. The bread subsidy is a red line, the minister said during an inspection ....
