Economy

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  • Category : Economy
  • Environment ministry to draw up strategy for safe disposal of waste - minister

    Date: 2015-10-21 20:29:18 GMT - Egypt - Economy - SN:117 - ID:3578221

    CAIRO, Oct 21 (MENA) - The Environment Ministry is currently drawing up a clear-cut strategy for safe disposal of waste through garbage recycling, said Minister Khaled Fahmy. The investors will get acquainted with this strategy with the aim of ....

  • 7 road projects accomplished -- minister

    Date: 2015-10-21 18:49:30 GMT - Egypt - Economy - SN:107 - ID:3578373

    CAIRO, Oct 21 (MENA) - Seven of 12 road projects have been carried out as part of a national program, said Transport Minister Saad el Geoshy on Wednesday. Two projects, Farafrah-Ain Dala and Wadi Natroun-South Wahat, are facing security ....

  • Cabinet approves issuing golden commemorative coins on New Suez Canal

    Date: 2015-10-21 18:01:24 GMT - Egypt - Economy - SN:104 - ID:3577945

    CAIRO, Oct 21 (MENA) – The Cabinet on Wednesday approved for the Finance Ministry to issue 21-carat golden commemorative coins marking the inauguration of the New Suez Canal. The decision came amid the growing demand from citizens on buying the ....

  • BP wins bid to explore oil in Egypt

    Date: 2015-10-21 15:49:24 GMT - Egypt - Economy - SN:92 - ID:3577109

    CAIRO, Oct 21 (MENA) - The British Petroleum (BP) company won on Wednesday a bid to explore oil in three areas in Egypt. The company said it will pump, along with its partners, a total of 229 million US dollars for oil exploration in Ras el-Esh, ....

  • CBE allows banks to accept deposits in foreign currency to encourage exports to six countries

    Date: 2015-10-21 15:46:11 GMT - Egypt - Economy - SN:90 - ID:3576681

    CAIRO, Oct 21 (MENA) - Minister of Trade and Industry Tareq Qabil said the Central Bank of Egypt (CBE) issued directives to all banks to accept deposits of revenues of exports to Libya, Syria, Sudan, Palestine, Iraq and Yemen in foreign currency in ....

  • Calm in black market after appointment of new CBE governor

    Date: 2015-10-21 14:48:18 GMT - Egypt - Economy - SN:79 - ID:3576929

    CAIRO, Oct 21 (MENA) - Calm prevailed on the black market on Wednesday after a decision was issued to appoint Tareq Amer as governor of the Central Bank of Egypt (CBE) as of November 27. The value of the U.S. dollar stood at 8.50 to 8.60 pounds, ....

  • Egypt bourse gains EGP 1.4bn

    Date: 2015-10-21 13:52:35 GMT - Egypt - Economy - SN:72 - ID:3576325

    CAIRO, Oct 21 (MENA) - The Egyptian Exchange (EGX) indices closed on Wednesday up backed by purchases by institutions and foreign investment funds. The market capital achieved gains worth about 1.4 billion pounds to reach 460.5 billion pounds, ....

  • EGX to host sustainability conf. next week

    Date: 2015-10-21 12:13:24 GMT - Egypt - Economy - SN:50 - ID:3575141

    CAIRO, Oct 21 (MENA) – The Egyptian Exchange (EGX) will host the first Sustainability Conference next week with the participation of a large number of business community leaders and experts. In a press release, EGX said the conference will enjoy ....

  • Sisi appoints former NBE chairman as CBE chief

    Date: 2015-10-21 10:50:38 GMT - Egypt - Economy - SN:34 - ID:3574633

    CAIRO, Oct 21 (MENA) – President Abdel Fattah El Sisi on Wednesday appointed former chairman of the National Bank of Egypt Tarek Amer as Governor of the Central Bank of Egypt for four years. The measure was adopted at a meeting with Prime Minister ....

  • Global 2: Asia Plantation Capital's Success Story is Proof Positive that Vertical Integration Works

    Date: 2015-10-21 10:15:37 GMT - Singapore - Economy - SN:25 - ID:3574433

    Asia Plantation Capital's Success Story is Proof Positive that Vertical Integration Works SINGAPORE, Oct. 21, 2015 /PRNewswire/ -- In the McKinsey Quarterly of August 1993, John Stuckey and David White went to great lengths to warn against the ....

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