Economy

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  • Category : Economy
  • Egypt, AFD sign loan agreement for domestic natural gas delivery

    Date: 2015-06-11 16:14:10 GMT - Egypt - Economy - SN:88 - ID:2778813

    CAIRO, June 11 (MENA) – Egypt signed a 70-million-euro loan agreement with the French Development Agency (AFD) to fund part of a natural gas home delivery project. The loan, payable in 15 years, has a five-year grace period and will help carry ....

  • 8 ships enter Damietta Port

    Date: 2015-06-11 14:06:08 GMT - Egypt - Economy - SN:74 - ID:2777765

    DAMIETTA, Egypt, June 11 (MENA) – Eight container and general cargo ships sailed into Damietta Port on Thursday, Damietta Port Authority spokesman Mamdouh el Sheety said. Also, 11 vessels are waiting at the port's anchorage area to complete entry ....

  • Egypt auctions 182-, 364-day T-bills

    Date: 2015-06-11 14:01:45 GMT - Egypt - Economy - SN:71 - ID:2777753

    CAIRO, June 11 (MENA) - The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 7 billion. In an online statement, the ministry said it sold EGP 3 billion of 182-day T-bills. The average yield was 12.522%, it said, ....

  • Global 1: Afghan Wireless Launches 3.75G High Speed Broadband Services In Kandahar

    Date: 2015-06-11 12:48:56 GMT - Afghanistan - Economy - SN:62 - ID:2776985

    -- Kandahar High Speed Service Marks Latest Success For AWCC Strategy To Deliver Global Class Broadband Service To All Major Afghan Cities in 2015 KABUL, Afghanistan, June 11, 2015 /PRNewswire/ -- The Afghan Wireless Communication Company (AWCC) ....

  • Two power stations to be developed

    Date: 2015-06-11 11:52:43 GMT - Egypt - Economy - SN:55 - ID:2776245

    CAIRO, June 11 (MENA) – The Electricity Ministry signed a contract to upgrade steam turbines and heat recovery steam generators at two power stations. The deal is part of a bigger project aimed at converting the gas-fueled power stations of Al ....

  • Arabtec says no developments regarding 1mln home deal with Egypt

    Date: 2015-06-11 10:56:29 GMT - United Arab Emirates - Economy - SN:48 - ID:2775593

    DUBAI, June 11 (MENA) - There are no developments regarding the signing of the final deal with Egypt to build one million homes across the country, Dubai's Arabtec construction company said on Thursday. In a statement, the company showed ....

  • Supply minister: wharf, silo of Alex. Port to be developed

    Date: 2015-06-11 10:03:36 GMT - Egypt - Economy - SN:38 - ID:2774901

    CAIRO, June 11 (MENA) - The wharf and silo 84 of Alexandria Port will be developed at total investments of 60 million pounds, said Supply and Internal Trade Minister Khaled Hanafy. In a statement by the ministry on Thursday, Hanafy said the ....

  • WB committed to supporting Middle East, Africa - president

    Date: 2015-06-10 13:50:29 GMT - Egypt - Economy - SN:76 - ID:2770137

    SHARM EL SHEIKH, Egypt, June 10 (MENA) - The World Bank (WB) is committed to supporting the Middle East and Africa, affirmed WB President Jim Yong Kim. He also hailed the 26 members from the three economic blocs of COMESA, EAC, SADC for moving ....

  • Egyptian banks to open branches in Africa in upcoming period - CBE governor

    Date: 2015-06-10 12:43:07 GMT - Egypt - Economy - SN:62 - ID:2769385

    SHARM EL SHEIKH, Egypt, June 10 (MENA) - Egyptian banks will open branches in all African countries within the coming period in order to help Egyptian businessmen to open wider trade areas and contribute to boosting trade movement between Egypt and ....

  • Egypt endorses African free trade deal once parliament is elected, says minister

    Date: 2015-06-10 12:35:04 GMT - Egypt - Economy - SN:60 - ID:2768649

    SHARM EL SHEIKH, Egypt, June 10 (MENA) - The African Free Trade Area (AFTA) agreement between COMESA-EAC-SADC will be endorsed once a parliament is elected in Egypt, an Egyptian minister said on Wednesday. The parliament approval is one of the ....

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