Economy

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  • Category : Economy
  • Egypt's bourse gains 4 billion pounds in September

    Date: 2015-10-01 06:10:45 GMT - Egypt - Economy - SN:4 - ID:3446541

    CAIRO, Oct 1 (MENA) - The Egyptian Exchange (EGX) gained 4 billion pounds in September, bringing market capital up from 444.7 billion pounds to 448.7 billion, according to a monthly report of the bourse. The main benchmark EGX 30 index rose by ....

  • 70 feddans allocated in Kafr El Sheikh for establishing logistics zone

    Date: 2015-09-30 22:52:04 GMT - Egypt - Economy - SN:110 - ID:3445941

    KAFR EL SHEIKH, Egypt, Sept 30 (MENA) – The executive council of Kafr El Sheikh Governorate allocated 70 feddans in the province for the establishment of an integrated logistics cargo zone. The council of the governorate, north of Cairo, said the ....

  • Tax authority denies strike, says work goes normal

    Date: 2015-09-30 22:45:47 GMT - Egypt - Economy - SN:108 - ID:3445921

    CAIRO, Sept 30 (MENA) – Head of the Egyptian Tax Authority Abdel Moniem Matar dismissed reports claiming the tax workers have staged a strike earlier on Wednesday. Work flows normally, Matar asserted, describing such reports as groundless. ....

  • Egypt bourse loses EGP 36.4 bln in third quarter

    Date: 2015-09-30 22:29:01 GMT - Egypt - Economy - SN:105 - ID:3445933

    CAIRO, Sept 30 (MENA) - The Egyptian bourse lost EGP 36.4 billion in the third quarter of the year as the market capital declined by 7.5 percent to 448.7 billion pounds, compared to 485.1 billions in the previous quarter. The EGX 30 benchmark ....

  • Attempt to smuggle foreign currencies foiled at Borg El Arab airport

    Date: 2015-09-30 20:54:21 GMT - Egypt - Economy - SN:97 - ID:3445441

    CAIRO, Sept 30 (MENA) – The customs authorities at Borg El Arab International Airport in Alexandria on Wednesday foiled an attempt to smuggle foreign currencies. The authorities suspected a Chinese passenger traveling to Qatar and found US dlrs ....

  • PM receives officials from Kuwait Petroleum Corporation

    Date: 2015-09-30 20:43:08 GMT - Egypt - Economy - SN:96 - ID:3445609

    CAIRO, Sept 30 (MENA) – Prime Minister Sherif Ismail met Wednesday with a delegation from the Kuwait Petroleum Corporation, accompanied by Kuwaiti Ambassador in Cairo Salem al Zamanan. During his meeting with the Kuwaiti national oil company's ....

  • Presidency welcomes EBRD decision to grant "country of operations" status to Egypt

    Date: 2015-09-30 19:51:17 GMT - Egypt - Economy - SN:83 - ID:3444929

    CAIRO, Sept 30 (MENA) – The Egyptian presidency on Wednesday welcomed the decision taken by the European Bank for Reconstruction and Development (EBRD) to grant Egypt the status of "country of operations". Earlier in the day, EBRD approved to ....

  • Egypt oil minister in Amman on two-day visit

    Date: 2015-09-30 19:13:35 GMT - Jordan - Economy - SN:90 - ID:3445353

    AMMAN, Sept 30 (MENA) - Egypt's Petroleum Minister Tarek El Molla arrived in Amman on a two-day visit to Jordan. Molla is scheduled to meet with Prime Minister Abdullah Ensour and Energy Minister Ibrahim Saif. They will discuss ways to promote ....

  • More foreign investments urged for Egyptian economy

    Date: 2015-09-30 17:29:15 GMT - Egypt - Economy - SN:82 - ID:3444949

    CAIRO, Sept 30 (MENA) - Egypt should encourage and lure more foreign investments to boost the economy with attractive financial and economic policies, an economist told a symposium held in Cairo. Mohamed Taymour, who is the vice chairman of the ....

  • Salman: Egypt managed to open international markets, reach out to funding sources

    Date: 2015-09-30 17:24:17 GMT - Egypt - Economy - SN:81 - ID:3443705

    CAIRO, Sept 30 (MENA) - Investment Minister Ashraf Salman said Egypt has managed to open international markets and reach out to international funding sources thanks to the open economic policy adopted by Cairo. In press statements on Wednesday, ....

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