Economy

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  • Category : Economy
  • UAE bank expects Egyptian economic growth rate to reach 5.5% in 2016

    Date: 2015-09-08 10:16:57 GMT - Egypt - Economy - SN:25 - ID:3309097

    CAIRO, Sept 8 (MENA) - Thanks to recent Egyptian economic reforms, the Egyptian economic growth rate can reach 5.5 percent in 2016 against 3.5 percent in 2015, the UAE's National Bank of Dubai (NBD) said. During a seminar on the fringe of the ....

  • Irrigation minister launches twinship project between EU, Agricultural Research Center

    Date: 2015-09-08 09:47:04 GMT - Egypt - Economy - SN:24 - ID:3308401

    CAIRO, Sept 8 (MENA) - Minister of Irrigation and Acting Agriculture Minister Hossam Moghazi on Tuesday launched a project of twinship between the European Union and the Agricultural Research Center. Head of the European Union Delegation to Egypt ....

  • Belarus seeks boosting agro-equipment exports to Egypt

    Date: 2015-09-08 08:01:44 GMT - Egypt - Economy - SN:14 - ID:3307937

    CAIRO, Sept 8 (MENA) - As several Belarusian firms participate in SAHARA International Agricultural Exhibition for Africa and the Middle East (SAHARA), the European state seeks boosting its exports of agricultural equipment to Egypt. During the ....

  • Egypt's economy on mend - Investment minister

    Date: 2015-09-07 19:28:02 GMT - Egypt - Economy - SN:100 - ID:3305813

    CAIRO, Sept 7 (MENA) - Egypt's Minister of Investment Ashraf Salman said Monday that Egypt's economy was growing positively, citing the indicators of the fiscal year 2014/2015. Addressing the annual Euromoney conference which opened here Monday ....

  • Egypt has strong banking system, says minister

    Date: 2015-09-07 18:34:03 GMT - Egypt - Economy - SN:96 - ID:3306625

    CAIRO, Sept 7 (MENA) – Investment Minister Ashraf Salman on Monday said Egypt has a strong banking system and the monetary policy of the Central Bank of Egypt (CBE) is completely independent. "This policy proves efficient during the previous ....

  • Finance Ministry auctions EGP 7 bln T-bonds

    Date: 2015-09-07 17:19:19 GMT - Egypt - Economy - SN:90 - ID:3306241

    CAIRO, Sept 7 (MENA) - CAIRO, July 27 (MENA) - The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 7 billion. In an online statement, the ministry said it sold EGP 3 billion of 3-year, EGP 2 billion of 7-year and EGP 2 ....

  • Egypt looks forward to developing relations with Vietnam - minister

    Date: 2015-09-07 14:38:41 GMT - Egypt - Economy - SN:63 - ID:3304609

    CAIRO, Sept 7 (MENA) - Trade and Industry Minister Mounir Fakhry Abdel Nour said on Monday that the Egyptian-Vietnamese relations are limited, adding that the country is looking forward to developing it. ,,, ....

  • Egypt bourse loses EGP 6.4bn, index down by 1.48%

    Date: 2015-09-07 13:50:45 GMT - Egypt - Economy - SN:61 - ID:3304521

    CAIRO, Sept 7 (MENA) - The Egyptian Exchange (EGX) indices closed down on Monday amid intensive selling operations by Egyptian institutions, investment funds and Arab and foreign investors. The market capital lost about EGP 6.2 billion to hit ....

  • Egypt's cash reserves lost 500 million dollars last August - CBE

    Date: 2015-09-07 13:48:04 GMT - Egypt - Economy - SN:59 - ID:3304429

    CAIRO, Sept 7 (MENA) - Egypt's cash reserves lost about 500 million dollars last August to hit 18.09 billion dollars against 18.5 billion dollars in July, the Central Bank of Egypt said on Monday. The slight decline was expected in light of ....

  • Petroleum minister presides over meeting of public sector oil companies general assemblies

    Date: 2015-09-07 12:43:13 GMT - Egypt - Economy - SN:48 - ID:3303713

    CAIRO, Sept 7 (MENA) - Minister of Petroleum and Mineral Resources Sherif Ismail presided over the meeting of the general assemblies of the public sector oil companies to approve the outcome of the activities of the fiscal year 2014/2015. The ....

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