Economy

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  • Category : Economy
  • Bourse loses EGP 9.2 bln

    Date: 2018-09-17 14:01:04 GMT - Egypt - Economy - SN:45 - ID:7580003

    CAIRO, Sept 17 (MENA) - The Egyptian Exchange (EGX) indexes went down collectively at the close of trading on Monday amid selling operations by foreign institutions and investment funds, while Arab and Egyptian investors tended to purchase. The ....

  • Egyptian economy more ready to interact with BRI

    Date: 2018-09-17 13:38:08 GMT - Egypt - Economy - SN:42 - ID:7579698

    ALEXANDRIA, Egypt, Sept 17 (MENA) - Minister of Transport Hisham Arafat said that the Egyptian economy is now all the more ready to interact with the Chinese Belt and Road Initiative (BRI). He noted that there are several positive indicators in ....

  • Minister: We focus on reforms of companies

    Date: 2018-09-17 12:48:59 GMT - Egypt - Economy - SN:39 - ID:7579754

    CAIRO, Sept 17 (MENA) - Minister of Public Enterprise Sector Hisham Tawfiq said the portfolio of the his ministry has 121 companies including eight holding ones. In a press conference on Monday, the minister said 73 companies achieved profits ....

  • Telecom Egypt concludes acquisition of MENA Cable at dlrs 90 mn

    Date: 2018-09-17 12:23:14 GMT - Egypt - Economy - SN:34 - ID:7579688

    CAIRO, Sept 17 (MENA) - Telecom Egypt has announced the conclusion of the acquisition of Middle East and North Africa Submarine Cable (“MENA Cable”) from Orascom Investment Holding “OIH” through its subsidiary Egyptian International Submarine Cable ....

  • FEDCOC mulls economic cooperation with D-8 member states

    Date: 2018-09-17 11:04:32 GMT - Egypt - Economy - SN:23 - ID:7579248

    CAIRO, Sept 17 (MENA) - Chairman of the Federation of Egyptian Chambers of Commerce (FEDCOC) Ahmed el Wakil on Monday discussed with Secretary General of the D-8 Organization for Economic Cooperation Jaafar Ku Shaari means of promoting economic ....

  • Egypt's agricultural exports hit dlrs 2.1 bn over 11 months

    Date: 2018-09-17 10:45:34 GMT - Egypt - Economy - SN:21 - ID:7579460

    CAIRO, Sept 17 (MENA) - Egypt’s agricultural exports rose by 7 percent during the period from September 2017 to July 2018 to reach 3.973 million tons, up from 3.711 million tons during the same period the year before. In a monthly report released ....

  • Trade Ministry working to upgrade craft industries

    Date: 2018-09-17 09:55:52 GMT - Egypt - Economy - SN:14 - ID:7579358

    CAIRO, Sept 17 (MENA) - The Trade and Industry Ministry is paying particular attention to the craft industry as part of its plan to support industries that promote the national identity. Trade and Industry Minister Amr Nassar said his Ministry ....

  • Dollar prices stable at major banks in Egypt

    Date: 2018-09-17 09:48:33 GMT - Egypt - Economy - SN:12 - ID:7579347

    CAIRO, Sept 17 (MENA) - The exchange rate of the US dollar was relatively stable during transactions on Monday at major banks. The dollar exchange rate settled at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt. At ....

  • FRA, EGX review mechanism of stock loans

    Date: 2018-09-17 09:36:41 GMT - Egypt - Economy - SN:11 - ID:7579265

    CAIRO, Sept 17 (MENA) - Financial Regulatory Authority (FRA) and EGX officials have reviewed a number of proposals to activate the mechanism of stock loans and launch the derivatives market. An agreement has been reached so that this is done ....

  • EGAS provides 2.1 trillion cubic feet of gas to local market in FY 2017/18

    Date: 2018-09-17 09:23:42 GMT - Egypt - Economy - SN:10 - ID:7579232

    CAIRO, Sept 17 (MENA) - The Egyptian Natural Gas Holding Co. (EGAS) has provided 2.1 trillion cubic feet of gas to all local market economic sectors in FY 2017/18, leading to a 63% increase in the local consumption rate, according to a released ....

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