• Service : English General
  • Category : Economy
  • Finance Ministry auctions EGP 15.5 bln T-bonds

    Date: 2018-03-11 14:26:29 GMT - Egypt - Economy - SN:74 - ID:7289325

    CAIRO, March 11 (MENA) - The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 15.5 billion. In an online statement, the ministry said it sold EGP 7.250 billion of 91-day T-bills with an average yield of 17.888%, adding ....

  • IFC supports growth of micro-finance in Egypt

    Date: 2018-03-11 14:16:36 GMT - Egypt - Economy - SN:71 - ID:7289143

    CAIRO, March 11 (MENA) – The International Finance Corporation (IFC), a member of the World Bank Group (WBG), is providing advisory services to a leading micro-finance institution in Egypt, to ramp up its lending to vulnerable and low-income ....

  • EGX loses EGP 3.7bn

    Date: 2018-03-11 14:06:43 GMT - Egypt - Economy - SN:70 - ID:7289258

    CAIRO, March 11 (MENA) - The Egyptian Exchange (EGX) lost about 3.7 billion pounds at the close of trading Sunday amid profit-making operations. The main benchmark EGX 30 index went down by 0.49 percent reaching 1,6391.48 points. The broader ....

  • PM, Toyota representatives discuss petrochemical project in Suez

    Date: 2018-03-11 13:24:28 GMT - Egypt - Economy - SN:59 - ID:7289070

    CAIRO, March 11 (MENA) - Prime Minister Sherif Ismail and representatives of Japan's Toyota Tsusho Corporation met Sunday to discuss joint cooperation. The meeting, which took up a project to establish a complex of petrochemicals in Suez city, ....

  • EECA to announce final preparations for CIF on Monday

    Date: 2018-03-11 12:15:08 GMT - Egypt - Economy - SN:52 - ID:7288913

    CAIRO, March 11 (MENA) - The Egypt Expo & Convention Authority (EECA) will hold a press conference on Monday to announce final preparations for Cairo International Fair (CIF) due to open on Wednesday. Cameroon will be the guest of honor of the ....

  • Egypt to join global nuclear club by El Dabaa project - expert

    Date: 2018-03-11 12:14:06 GMT - Egypt - Economy - SN:51 - ID:7288953

    CAIRO, March 11 (MENA) - Yussri Abu Shadi, former inspector of the International Atomic Energy Agency (IAEA), said Egypt will join the global nuclear club through El Dabaa nuclear plant that will have a great impact on improving the country's ....

  • Egypt, Japan to set up complex for petrochemicals in Suez

    Date: 2018-03-11 11:16:40 GMT - Egypt - Economy - SN:36 - ID:7288848

    CAIRO, March 11 (MENA) - Egypt and Japan discussed on Sunday setting up an integrated complex for refining and petrochemicals in Suez as part of the Petroleum Ministry's efforts to make the best use of Egypt's petroleum wealth. There are many ....

  • EFSA seeks to include 50% of Egyptians within social insurance umbrella

    Date: 2018-03-11 10:51:48 GMT - Egypt - Economy - SN:31 - ID:7288785

    CAIRO, March 11 (MENA) - The Egyptian Financial Supervisory Authority (EFSA) seeks to increase the current social insurance umbrella to include 50 percent of Egyptians. At a press conference, EFSA head Mohamed Omran said the authority seeks to ....

  • Nasr announces launch of movable guarantees registry system

    Date: 2018-03-11 10:23:54 GMT - Egypt - Economy - SN:25 - ID:7288670

    CAIRO, March 11 (MENA) - Investment and International Cooperation Minister Sahar Nasr announced on Sunday the official launch of the movable guarantees registry system. This system facilitates the funding of small and medium sized enterprises ....

  • Egypt's exports to Turkey jump to $1.998 bln in 2017 -- ministry

    Date: 2018-03-11 10:16:30 GMT - Egypt - Economy - SN:22 - ID:7288606

    CAIRO, March 11 (MENA) - Egypt's exports to Turkey jumped 38.5 percent to $1.998 billion in 2017, compared to $1.443 billion, said the trade and industry ministry in a press release on Sunday. Imports, on the other hand, plunged 13.7% to $2.360 ....

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