Economy

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  • Culture budget untouched -- Shura MP

    Culture budget untouched -- Shura MP

    Date: 2013-06-26 14:12:31 GMT - Egypt - Economy - SN:38 - ID:173808

    CAIRO (MENA) - Allocations for the Culture Ministry will not change in the 2013-2014 state budget, the head of the Shura Council's financial committee has stressed. The budget of the Culture Ministry will stay untouched, said Mohamed ....

  • Qatar ups Cairo-Doha flights to 21 per week as of Monday

    Qatar ups Cairo-Doha flights to 21 per week as of Monday

    Date: 2013-06-26 14:02:28 GMT - Egypt - Economy - SN:36 - ID:173786

    CAIRO (MENA) - Qatar Airways will raise the number of Doha-Cairo flights as of Monday from 16 weekly flights to 21. There will be three daily flights between Cairo and Doha to absorb the rising the number of passengers between the two sides, ....

  • ITFC proposes extending EGP 200 mln for Egypt to buy subsidized commodities - official

    ITFC proposes extending EGP 200 mln for Egypt to buy subsidized commodities - official

    Date: 2013-06-26 11:49:21 GMT - Egypt - Economy - SN:24 - ID:173508

    CAIRO (MENA) - The International Islamic Trade Finance Corporation (ITFC) has proposed extending to Egypt 200 million dollars under Murabaha system - which is not an interest-bearing loan - for buying subsidized commodities in the coming fiscal ....

  • D-8 states seek to increase trade exchange to 500 billion dollars

    D-8 states seek to increase trade exchange to 500 billion dollars

    Date: 2013-06-26 09:52:36 GMT - Nigeria - Economy - SN:6 - ID:173242

    ABUJA (MENA) – A conference of the industry and trade ministers of the Developing 8 Countries held in Nigerian capital Abuja asserted that the member states seek to increase the volume of trade exchange to 500 billion dollars annually during the ....

  • Egypt, IDB sign MoU on joint cooperation

    Egypt, IDB sign MoU on joint cooperation

    Date: 2013-06-25 15:00:01 GMT - Egypt - Economy - SN:39 - ID:172198

    CAIRO (MENA) - Egypt and the Islamic Development Bank (IDB) signed a memorandum of understanding on Tuesday. The deal calls for promoting a set strategy for joint cooperation. This came on the sidelines of a regional investment forum for ....

  • Oil Ministry urges citizens not to believe rumors about lack of diesel oil

    Oil Ministry urges citizens not to believe rumors about lack of diesel oil

    Date: 2013-06-25 13:32:28 GMT - Egypt - Economy - SN:29 - ID:171974

    CAIRO (MENA) - The Oil Ministry on Tuesday urged the Egyptian citizens not to believe any rumors about lack of diesel oil. A Ministry official, in press statements, added that these rumors are meant to cause instability in the country. ....

  • Egyptian Bourse off on Monday on start of new fiscal year

    Egyptian Bourse off on Monday on start of new fiscal year

    Date: 2013-06-25 13:23:10 GMT - Egypt - Economy - SN:28 - ID:171957

    CAIRO (MENA) - The Egyptian Stock Exchange will close Monday on the commencement of the new 2013-2014 fiscal year. In a statement Tuesday, the bourse said trading will be resumed on Tuesday. ....

  • Direct linkage between EGX and Istanbul bourse begins September 19

    Direct linkage between EGX and Istanbul bourse begins September 19

    Date: 2013-06-23 17:10:29 GMT - Egypt - Economy - SN:12 - ID:169143

    The actual direct linkage between the Egyptian Exchange (EGX) and Turkey's Istanbul Stock Exchange will commence on September 19, EGX deputy chairman Khaled el-Nashar told MENA Sunday. The move takes place under a joint agreement that would allow ....

  • IMF points to progress in aid talks with Egypt

    IMF points to progress in aid talks with Egypt

    Date: 2013-06-21 08:43:27 GMT - USA - Economy - SN:1 - ID:165908

    The International Monetary Fund said Thursday it was making progress in talks with Egyptian authorities on a potential loan but that technical issues such as subsidies remain, France 24 reported. "Our work with the Egyptians is producing ....

  • New bourse head says he has full strategy to boost stock exchange

    New bourse head says he has full strategy to boost stock exchange

    Date: 2013-06-20 11:22:05 GMT - Egypt - Economy - SN:7 - ID:164543

    Newly-appointed Chairman of Egyptian Exchange (EGX)Atef Yassin el-Sherif said on Thursday he has a comprehensive strategy to boost the performance of the bourse. In his first statements after his appointment, Sherif told MENA that he will ....

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