Economy

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  • Bourse gains EGP 20 bn after 1-hour trading

    Bourse gains EGP 20 bn after 1-hour trading

    Date: 2013-07-04 16:20:50 GMT - Egypt - Economy - SN:19 - ID:187415

    The Egyptian Exchange (EGX) made huge gains of EGP 20 billion after a one-hour trading on Thursday. The EGX had suspended trading in the shares of 90 companies earlier for half an hour triggered by sharp rise in indexes beyond the allowed 5% level ....

  • Financial status of Egypt 'good': Finance ministry

    Financial status of Egypt 'good': Finance ministry

    Date: 2013-07-04 13:33:08 GMT - Egypt - Economy - SN:15 - ID:187095

    The finance ministry said it works as normal, adding all its sectors are working across the country. "The financial standing of Egypt is good and there are no fears of any problem regarding the funding of the daily work of the state," the ministry ....

  • Egyptian bourse resumes trading after 30 min suspension

    Egyptian bourse resumes trading after 30 min suspension

    Date: 2013-07-04 13:30:28 GMT - Egypt - Economy - SN:14 - ID:187084

    The Egyptian Exchange resumed trading Thursday after half an hour suspension triggered by sharp rise in indices beyond the allowed levels. Egyptian bourse indices have collectively witnessed a boom in early Thursday trading amid heavy purchases by ....

  • Bourse chairman: Early closure of banks will not affect trading

    Bourse chairman: Early closure of banks will not affect trading

    Date: 2013-07-03 13:31:46 GMT - Egypt - Economy - SN:36 - ID:185346

    CAIRO (MENA) - Head of Egyptian Exchange Atef el-Sherif said Wednesday that the Central Bank's decision to close early today would not affect the bourse trading or change its working hours. In statements to MENA, Sherif said that trading will ....

  • EGX loses EGP 4.4bn in early trading

    EGX loses EGP 4.4bn in early trading

    Date: 2013-07-03 13:16:55 GMT - Egypt - Economy - SN:24 - ID:185179

    CAIRO (MENA) - The Egyptian Exchange lost some 4.4 billion pounds at the beginning of trading Wednesday on the back of fears of political tensions after President Mohamed Morsi rejected calls for him to step down. Investors also are cautiously ....

  • Egypt's bourse incurs limited losses

    Egypt's bourse incurs limited losses

    Date: 2013-06-30 12:58:28 GMT - Egypt - Economy - SN:13 - ID:179762

    The Egyptian Exchange (EGX) incurred limited losses at the beginning of today's trading, ignoring fears of today's massive planned protests by both supporters and opponents of President Mohamed Morsi marking the end of the latter's first year in ....

  • Police officers foil attempted Barclays bank robbery in Maadi

    Police officers foil attempted Barclays bank robbery in Maadi

    Date: 2013-06-29 19:50:02 GMT - Egypt - Economy - SN:45 - ID:178865

    Security forces succeeded on Saturday to foil an attempted robbery at Barclays bank in Maadi, a suburb south of Cairo. Police corporal arrested the robber while trying to get out of the Maadi branch holding looted LCD screens. The arrested, ....

  • Qandil follows up government's efforts to achieve socio-economic reforms

    Qandil follows up government's efforts to achieve socio-economic reforms

    Date: 2013-06-29 14:19:13 GMT - Egypt - Economy - SN:28 - ID:178323

    CAIRO (MENA) - Prime Minister Hisham Qandil highlighted the importance that economic reforms live up to the level and demands of the revolution, represented in bread, freedom, human dignity and social justice. Such reform programs should be ....

  • 41 vessels transit Suez Canal

    41 vessels transit Suez Canal

    Date: 2013-06-29 14:17:00 GMT - Egypt - Economy - SN:27 - ID:178318

    ISMAILIA, Egypt (MENA) - Forty-one ships transited the Suez Canal on Saturday, carrying a total cargo of 2.733 million tons. The south-bound convoy included 20 ships, carrying 1.267 million tons, while the north-bound convoy included 21 ships, ....

  • Egypt bourse gains EGP 3.4 bn last week

    Egypt bourse gains EGP 3.4 bn last week

    Date: 2013-06-28 12:33:50 GMT - Egypt - Economy - SN:17 - ID:176701

    The Egyptian Exchange (EGX) made EGP 3.4 billion profits during last week's trading, making its capital hit EGP 319.5 billion. During the course of the week, the benchmark index EGX 30 went up 1.3 percent to 4,685.09 points, said a weekly report ....

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