Economy

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  • Category : Economy
  • Hyundai mulls setting up container factory in Suez

    Date: 2015-06-01 13:27:08 GMT - Egypt - Economy - SN:56 - ID:2707117

    CAIRO, June 1 (MENA) – South Korean Hyundai company is considering the establishment of container factories near ports in the Suez Canal region, Military Production Minister Ibrahim Younis said. During the “Egypt-South Korea Strategic Partnership” ....

  • Delegation of Egyptian businessmen to visit Seoul September

    Date: 2015-06-01 13:18:34 GMT - Egypt - Economy - SN:52 - ID:2707585

    CAIRO, June 1 (MENA) - Secretary General of the Egyptian-South Korean Business Council Mohamed Yousef said that a delegation of Egyptian businessmen will visit Seoul in September to probe means of benefiting from the South Korean experience in the ....

  • Egypt, Luxembourg initial tax agreements

    Date: 2015-06-01 11:24:29 GMT - Egypt - Economy - SN:39 - ID:2706641

    CAIRO, June 1 (MENA) – Egypt and Luxembourg initialed two agreements on combating tax evasion and avoiding double taxation, Chairman of the Egyptian Tax Authority Abdel Moneim Matar. The agreements will be finally signed by the foreign ministers ....

  • Urgent financial allocations granted to several ministries, press council

    Date: 2015-06-01 10:34:42 GMT - Egypt - Economy - SN:32 - ID:2706121

    CAIRO, June 1 (MENA) – Finance Minister Hany Qadry agreed to provide EGP 7.1 billion of urgent financial allocations to the supply, petroleum, investment, transport and local development ministries and the Supreme Council of the Press to back their ....

  • Egypt's bourse loses EGP 4bn in May

    Date: 2015-05-31 20:28:10 GMT - Egypt - Economy - SN:135 - ID:2703861

    CAIRO, May 31 (MENA) - The Egyptian bourse lost EGP 4 billion during May trading. The market capital plunged by around 0.8 percent to reach EGP 495.7 billion compared to 499.7 billions in April. The EGX 30 benchmark index went up by 1.27 percent ....

  • PM forms board of NW Gulf of Suez authority

    Date: 2015-05-31 14:57:23 GMT - Egypt - Economy - SN:91 - ID:2702017

    ALEXANDRIA, Egypt, May 31 (MENA) – Prime Minister Ibrahim Mahlab issued a decision to form the board of the general authority for the economic zone of northwest of the Gulf of Suez. The new three-year-tenure board is made up of representatives of ....

  • Finance Ministry floats treasury bonds at EGP 6.5 bn

    Date: 2015-05-31 14:21:29 GMT - Egypt - Economy - SN:79 - ID:2700425

    CAIRO, May 31 (MENA) - The Finance Ministry on Sunday floated treasury bonds worth EGP 6.5 billion. On its website, the Finance Ministry posted a statement in which it said it had floated bonds with medium profit rate of 11.587 percent with ....

  • Bourse loses EGP 5.4 bn Sunday

    Date: 2015-05-31 13:40:52 GMT - Egypt - Economy - SN:68 - ID:2701385

    CAIRO, May 31 (MENA) - The Egyptian Exchange closed on Sunday with losses amounting to EGP 5.4 billion and its indexes were all down amid anticipation of a visit by an International Monetary Fund mission after it expressed reservations over the ....

  • Mahlab receives Hyundai Motor Group Chairman

    Date: 2015-05-31 12:04:48 GMT - Egypt - Economy - SN:48 - ID:2700141

    CAIRO, May 31 (MENA) - Prime Minister Ibrahim Mahlab received on Sunday Chairman of Hyundai Motor Group Soo-Hyun Jung and his accompanying delegation in the presence of the ministers of trade, industry and transport. Cabinet Spokesman Ambassador ....

  • Mahlab inspects Alexandria Harbor, orders its development to play role in int'l navigation movement

    Date: 2015-05-30 14:58:50 GMT - Egypt - Economy - SN:61 - ID:2695225

    ALEXANDRIA, Egypt, May 30 (MENA) - Prime Minister Ibrahim Mahlab on Saturday inspected Alexandria Harbor accompanied by minister of transport, Alexandria governor and the head of Alexandria Harbor Authority. The premier reiterated the need for ....

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