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Economy
- Service : English General
- Category : Economy
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2 real estate companies agree to develop housing project in E. Cairo
Date: 2015-07-05 15:17:04 GMT - Egypt - Economy - SN:69 - ID:2926517
CAIRO, July 5 (MENA) – Palm Hills Developments and Madinet Nasr Housing and Development (MNHD) companies signed an agreement to jointly develop a comprehensive housing project in eastern Cairo on a 5.5 million square meter area on the Cairo-Suez ....
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Expert urges CBE to hold exceptional FX auction of 500 million dollars
Date: 2015-07-05 14:34:03 GMT - Egypt - Economy - SN:62 - ID:2926213
CAIRO, July 5 (MENA) - A banking expert urged on Sunday the Central Bank of Egypt to hold an exceptional FX auction of 500 million dollars to be followed by decreasing dollar price in periodical auctions to stop dollar bidding. The bank has ....
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EGX index down, loses 1.16 pct
Date: 2015-07-05 13:07:19 GMT - Egypt - Economy - SN:54 - ID:2925437
CAIRO, July 5 (MENA) - The Egyptian Exchange (EGX) closed down on Sunday with the market capital hitting about 496.1 billion after Emaar Misr for Development was listed. Benchmark EGX 30 index went down 1.16 percent reaching 8,218.25 ....
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Mahlab discusses 2015/2016 FY with finance min.
Date: 2015-07-05 12:18:43 GMT - Egypt - Economy - SN:50 - ID:2925089
CAIRO, July 5 (MENA) - Prime Minister Ibrahim Mahlab met on Sunday with Finance Minister Hany Qadry to discuss mechanisms of putting into effect Egypt's 2015/2016 fiscal year and reducing the budget deficit that reaches 251 billion pounds. They ....
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EGX index down 0.46 percent
Date: 2015-07-05 11:51:10 GMT - Egypt - Economy - SN:47 - ID:2924745
CAIRO, July 5 (MENA) - The Egyptian Exchange (EGX) indices closed down on Sunday. The main benchmark EGX 30 index went down by 0.46 percent reaching 8276.18 points. The broader EGX 70 index of the leading small and medium sized enterprises ....
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US dollar hits record high to Egyptian pound
Date: 2015-07-05 10:47:26 GMT - Egypt - Economy - SN:35 - ID:2924145
CAIRO, July 5 (MENA) - The US dollar hit a record high of 7.83 to the Egyptian pound after an FX auction of the Central Bank of Egypt, a banking official said. The bank sold all of the 39.5 million dollars it had offered, with the highest price of ....
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UAE businessman: Egyptian economy has promising horizons
Date: 2015-07-05 09:59:50 GMT - Egypt - Economy - SN:29 - ID:2923697
CAIRO, July 5 (MENA) - UAE businessman Mohammad Alabbar said the Egyptian economy has promising horizons due to Egypt's vast potentials, its promising legislative structures and unprecedented growth opportunities in the coming phase. He was ....
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IMF is contacting senior Egyptian officials: Official
Date: 2015-07-05 09:12:48 GMT - USA - Economy - SN:22 - ID:2923245
WASHINGTON, July 5 (MENA) – The International Monetary Fund (IMF) is in contact with senior Egyptian officials, the mission chief for Egypt and an Advisor at the IMF’s Middle East and Central Asia Department Chris Jarvis told MENA on Sunday. The ....
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Poll suggests Greek Referendum close, but ‘Yes’ has momentum
Date: 2015-07-04 08:27:29 GMT - Greece - Economy - SN:18 - ID:2918057
ATHENS, July 4 (MENA) - Momentum in Greece’s referendum appears to be shifting toward a “yes” vote on creditors’ demands, an opinion poll said although the gap between the two camps is minimal—suggesting Sunday’s outcome hangs in the balance. A ....
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Egyptian GDRs in London stable
Date: 2015-07-03 18:23:06 GMT - United Kingdom - Economy - SN:70 - ID:2916621
LONDON, July 3 (MENA) – The Egyptian global depository receipts (GDRs) traded on London Stock Exchange (LSE) showed stable performance at the close of Friday's trading. The GDRs of the Edita Food Industries, Orascom Telecom and EFG Hermes ....
