Economy

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  • Category : Economy
  • Egypt growth hit 3.5% in 4th Q - minister

    Date: 2014-09-12 17:17:12 GMT - Egypt - Economy - SN:83 - ID:926501

    CAIRO, Sept 12 (MENA) - Egypt's growth rate hit 3.5 percent in the 4th quarter of the past fiscal year compared to 1 percent a year earlier, said the finance minister on Friday. The improved economic conditions are mirrored by a 40% jump in ....

  • Gov't plans measures to repay Suez Canal certificates

    Date: 2014-09-12 17:08:26 GMT - Egypt - Economy - SN:81 - ID:926313

    CAIRO, Sept 12 (MENA) - The government plans to put aside a part of its revenues in a special bank account to repay Suez Canal certificates when they mature, said the finance minister on Friday. The step is meant to avoid any financial pressures ....

  • Investment min. to inaugurate "Egypt's management of trade budget 2014" Monday

    Date: 2014-09-12 06:43:04 GMT - Egypt - Economy - SN:7 - ID:923133

    CAIRO, Sept 12 (MENA) - Investment Minister Ashraf Salman will inaugurate on Monday an economic conference under the rubric "Egypt's management of trade budget 2014" on means of investing in the Suez Canal Development project. The conference will ....

  • Egypt bourse loses 12.7 bln pounds within week

    Date: 2014-09-12 06:19:49 GMT - Egypt - Economy - SN:6 - ID:923017

    CAIRO, Sept 12 (MENA) - The Egyptian bourse lost 12.7 billion pounds during the week trading. The market capital reached 516.4 billion pounds. The EGX 30 benchmark index declined 1.8 percent to reach 9,476 points. The EGX 70 index of small and ....

  • Suez investment certificates sales hit EGP 39.5 bln

    Date: 2014-09-11 17:25:51 GMT - Egypt - Economy - SN:98 - ID:921621

    CAIRO, Sept 11 (MENA) – Governor of the Central Bank of Egypt (CBE) Hisham Ramez told MENA that Thursday's sales of investment certificates issued for funding the new Suez Canal project hit EGP 6 billion. "The total sales of the certificates have ....

  • Egypt bourse loses 4.7 bln pounds; index down 1.1 pct

    Date: 2014-09-11 12:53:04 GMT - Egypt - Economy - SN:61 - ID:919757

    CAIRO, Sept 11 (MENA) - The Egyptian bourse slipped at end of trading on Thursday prompted by intensive selling by investment funds and local institutions. The market capital lost 4.7 billion pounds to reach 516.5 billion pounds amid transactions ....

  • 182-, 357-day T-bills auctioned

    Date: 2014-09-11 12:21:17 GMT - Egypt - Economy - SN:55 - ID:919185

    CAIRO, Sept 11 (MENA) - The Finance Ministry auctioned on Sunday 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 with an average yield of 12.16%, adding it ....

  • Global PRnewswire (2): International Symposium in Fukushima Comes Up with Recommendations to Government

    Date: 2014-09-11 11:20:13 GMT - Egypt - Economy - SN:44 - ID:919221

    - Proper Health and Mental Support Called for Local Residents - TOKYO, Sept. 11, 2014 /PRNewswire/ -- The Nippon Foundation held an International Expert Symposium on September 8 and 9, 2014, in Fukushima City, Fukushima Prefecture, on the theme ....

  • Global-PRNewswire(1): Pure Oud Oil brand Fragrance Du Bois expands into the Middle East

    Date: 2014-09-11 06:12:20 GMT - Egypt - Economy - SN:13 - ID:916913

    - Fragrance Du Bois sets tongues wagging and noses twitching in the haute perfumery world of the Middle East. SINGAPORE, Sept. 11, 2014 /PRNewswire/ -- As the only fragrance brand in the world to guarantee the use of only sustainably sourced Oud ....

  • Plan to double Egypt's exports to EGP 300bn within 6 years - FEC chief

    Date: 2014-09-10 20:55:39 GMT - Egypt - Economy - SN:165 - ID:916372

    CAIRO, Sept 10 (MENA) - The Trade and Industry Ministry aims to double the Egyptian exports withing the upcoming six years to hit 300 billion pounds, said Head of Food Export Council (FEC) Alaa el-Bahi. During a workshop organized Wednesday by ....

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