Economy

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  • Egyptian Exchange indexes up last week

    Egyptian Exchange indexes up last week

    Date: 2013-09-20 14:28:30 GMT - Egypt - Economy - SN:20 - ID:298801

    The Egyptian Exchange indexes closed last week up and the market capital hit EGP 371.6 billion after gaining EGP 1.6 billion. During the course of the week, the benchmark index EGX 30 jumped 0.76 percent up to 5,530 points, said a weekly report ....

  • Oil minister chairs petroleum corporation board meeting for fiscal year

    Oil minister chairs petroleum corporation board meeting for fiscal year

    Date: 2013-09-20 12:31:52 GMT - Egypt - Economy - SN:8 - ID:298570

    Petroleum Minister Sherif Ismail has chaired the board meeting of the Egyptian General Petroleum Corporation to discuss and approve its plan for the 2012-13 fiscal year. During the meeting, the minister stressed the importance of pressing ....

  • Egypt bourse up for eighth session

    Egypt bourse up for eighth session

    Date: 2013-09-17 16:57:26 GMT - Egypt - Economy - SN:17 - ID:294130

    The Egyptian Exchange (EGX) continued gains on Tuesday for the eighth successive session amid strong purchases by foreign investors with market optimism about the improvement of economic and political conditions in the coming phase. The ....

  • National council for wages meeting to resume next week--Minister

    National council for wages meeting to resume next week--Minister

    Date: 2013-09-17 14:53:34 GMT - Egypt - Economy - SN:11 - ID:293858

    Minister of Planning Ashraf el-Arabi said the issue of minimum wage for Private Sector employees was probed during the first meeting of the newly-formed national council for wages. Arabi told MENA on Tuesday that the meeting will resume next ....

  • Nile water level rises 3cm

    Nile water level rises 3cm

    Date: 2013-09-16 13:39:16 GMT - Egypt - Economy - SN:39 - ID:291989

    The Nile River water level recorded 175.66 meters on Monday, just three centimeters above Sunday's level. According to a report presented to Irrigation and Water Resources Minister Mohamed Abdel-Moteleb, water in Lake Nasser reached 286 ....

  • Bahaa Eddine: Curfew affects trade, industry

    Bahaa Eddine: Curfew affects trade, industry

    Date: 2013-09-16 09:07:50 GMT - Egypt - Economy - SN:10 - ID:291400

    Deputy Prime Minister and International Cooperation Minister Dr. Ziyad Bahaa Eddine voiced hope the curfew will be ended as it affect trade and industry. The traffic ban during early hours of the day hinder transportation to factories, ....

  • Int'l cooperation minister: Arab support enabled current gov't to fulfill its commitments

    Int'l cooperation minister: Arab support enabled current gov't to fulfill its commitments

    Date: 2013-09-16 08:39:08 GMT - Egypt - Economy - SN:1 - ID:291341

    Deputy Premier and Minister of International Cooperation Ziad Bahaa el-Din said Egypt's current government is working under extraordinary conditions in view of a complicated economic situation and regional and international pressures. In ....

  • Egyptian bourse up, main index gains 0.45 pct

    Egyptian bourse up, main index gains 0.45 pct

    Date: 2013-09-15 19:25:27 GMT - Egypt - Economy - SN:35 - ID:291010

    The Egyptian Stock Exchange maintained an upward trend at the closing of trading on Sunday, backed by diminishing fears over a military strike on Syria following a US-Russian agreement that the Syrian regime will hand over chemical weapons in a ....

  • BP discovers huge natural gas reserves in Damietta

    BP discovers huge natural gas reserves in Damietta

    Date: 2013-09-15 13:33:33 GMT - Egypt - Economy - SN:23 - ID:290355

    British Petroleum (BP) company discovered that the northern part of the Mediterranean city of Damietta has huge natural gas reserves in deep layers, the Egyptian minister of petroleum and mineral wealth said. In press statements Sunday, Sherif ....

  • Egyptian tourism minister prepares for winter tourism promotion program in Britain

    Egyptian tourism minister prepares for winter tourism promotion program in Britain

    Date: 2013-09-15 10:18:55 GMT - United Kingdom - Economy - SN:12 - ID:289989

    Egyptian Tourism Minister Hisham Za'zou' said his current visit to Britain is meant to post Britons on the political developments in Egypt and on a winter tourism promotion program. In statements to MENA Sunday, he highlighted the importance ....

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