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Economy
- Service : English
- Category : Economy
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Costs of domestic flights to be reduced for citizens
Date: 2013-08-28 19:40:46 GMT - Egypt - Economy - SN:40 - ID:262889
The costs of domestic flights will be reduced for the Egyptian citizens as of September, 2013 in a bid to revive tourism. The decision was made during a Cabinet meeting on Wednesday. ....
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Govt allocates EGP 22bn for additional investments
Date: 2013-08-28 19:38:40 GMT - Egypt - Economy - SN:39 - ID:262887
The Egyptian government has decided to allocate 22 billion pounds to activate the economy, said deputy prime minister Ziyad Bahaa el-Din on Wednesday. The Cabinet convened earlier today to discuss investment projects and means to improve ....
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Nile water level goes up 12cm
Date: 2013-08-28 13:00:51 GMT - Egypt - Economy - SN:31 - ID:262118
The Nile River water level recorded 174.04 meters on Wednesday, 12 centimeters more than on Tuesday. According to a report presented to the Irrigation and Water Resources Ministry, water in Lake Nasser hit 803 million cubic meters. ....
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EGX loses EGP 5.5bn amid fears of military strikes on Syria
Date: 2013-08-27 16:44:19 GMT - Egypt - Economy - SN:45 - ID:260905
The Egyptian Stock Exchange lost 5.5 billion pounds on Tuesday amid fears of possible international military strikes against Syria; something that would take its toll on whole Middle East region. The main benchmark EGX 30 index dropped by 2.04 ....
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Minister: Railways sector losses hit EGP 250 million on backdrop of recent events
Date: 2013-08-27 15:31:51 GMT - Egypt - Economy - SN:37 - ID:260796
Losses incurred by the railways sector on the backdrop of recent unrest in Egypt hit 250 million pounds, said Minister of Transport Ibrahim Demiry on Tuesday. At a press conference, the first of its kind since he assumed office, he added that ....
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Encroachments on agro-lands devoured 35,000 feddans - minister
Date: 2013-08-27 15:18:38 GMT - Egypt - Economy - SN:33 - ID:260766
Minister of Local Development Adel Labib said Tuesday he gives top priority to removing encroachments on agro-lands which devoured over 35,000 feddans. The total encroachments on agro-lands reached 830,000 feddans over the past 30 months. ....
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Export councils warns of canceling current export support program to Africa
Date: 2013-08-27 15:10:42 GMT - Egypt - Economy - SN:31 - ID:260749
Representatives and heads of the export councils warned of abolishing the current export support program to Africa in light of the new rules and standards set recently by the Trade and Industry Ministry. The program has contributed to ....
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August rationed commodities face shortage - official
Date: 2013-08-27 14:59:28 GMT - Egypt - Economy - SN:30 - ID:260727
Shortage in rationed cooking oil has reached 65 percent, while rice shortage stood at 35 percent in August across Egypt, a senior supply official said. In statements to MENA, Walid el-Sheikh, the head of an association for private grocers ....
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CBE: $1.07bn worth of net foreign direct investments in 3rd quarter of 2012-2013
Date: 2013-08-26 10:43:06 GMT - Egypt - Economy - SN:4 - ID:258620
Foreign direct investments flowing to Egypt increased to 1.74 billion dollars during the third quarter of the fiscal year 2012-2013 compared with 193.3 million in second quarter, a report by the Central Bank of Egypt said Monday. The report, a ....
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Hotel occupancy rates in Hurghada drop to 44 percent
Date: 2013-08-25 13:32:25 GMT - Egypt - Economy - SN:34 - ID:257555
Hurghada International Airport has witnessed a big reduction in arrival flights for foreign tourists than departure trips, decreasing hotel occupancy rates at resorts in Hurghada to 44 percent. An official source at the airport said on Sunday ....
