Economy

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  • Category : Economy
  • Egypt bourse gains EGP 2.2bln, index up by 0.79 pct

    Date: 2014-07-09 12:34:42 GMT - Egypt - Economy - SN:40 - ID:819160

    CAIRO, July 9 (MENA) - The Egyptian Exchange (EGX) continued its upward trend at the close of trading Wednesday amid intensive purchases by foreign investors, after Egypt's government received the backing of international credit rating agency Fitch ....

  • Global-PRNewswire: Coty Inc. Announces New Organizational Structure and Leadership Under Michele Scannavini

    Date: 2014-07-09 09:42:12 GMT - Egypt - Economy - SN:16 - ID:818789

    - Initiative Expected to Advance Coty's Growth Goals and Further Solidify Its Position as an Innovative leader in Beauty. NEW YORK, July 9, 2014 /PRNewswire/ -- Coty Inc. (NYSE: COTY) announced today a new organizational structure that aims to ....

  • Egyptian GDRs in London show mixed performance

    Date: 2014-07-08 18:43:52 GMT - United Kingdom - Economy - SN:124 - ID:818159

    LONDON, July 8 (MENA) - The Egyptian global depository receipts (GDRs) in the London Stock Exchange (LSE) showed mixed performance at the close of Tuesday's trading. The GDRs of the Commercial International Bank (CIB) dropped by 1.01 ....

  • Global-PRNewswire: Roads Of Arabia: Archaeology And History Of The Kingdom Of Saudi Arabia

    Date: 2014-07-08 17:55:10 GMT - Egypt - Economy - SN:120 - ID:818141

    -- San Francisco's Asian Art Museum offers West Coast audiences a first look at recent archaeological discoveries from the Arabian Peninsula SAN FRANCISCO, July 8, 2014 /PRNewswire/ -- In the shifting sands of Saudi Arabia outside the city of ....

  • Fitch: Egypt's fuel price hikes are positive for credit profile

    Date: 2014-07-08 13:28:59 GMT - Egypt - Economy - SN:78 - ID:817532

    CAIRO, July 8 (MENA) - Fitch Ratings said Tuesday the recently announced fuel price hikes are an important step toward reducing subsidies that contribute to Egypt's substantial fiscal deficit - a key rating weakness. Tackling subsidies is a key ....

  • Egypt exports over 39,000 tons of cotton

    Date: 2014-07-07 21:00:58 GMT - Egypt - Economy - SN:165 - ID:816651

    ALEXANDRIA, Egypt, July 7 (MENA) - Egypt has exported 39,381 tons of cotton according to Egypt's Cotton Exporters' Association. India, China, Germany, Italy and Turkey, topped the list of countries importing Egyptian cotton, said association ....

  • Economic policy committee reviews financial, monetary indicators

    Date: 2014-07-07 20:27:11 GMT - Egypt - Economy - SN:157 - ID:816578

    CAIRO, July 7 (MENA) - The Cabinet Committee on Economic Policy, under Prime Minister Ibrahim Mahlab, has reviewed the financial and monetary indicators, procedures carried out by the Central Bank to control the foreign exchange market, and the ....

  • Global PR Newswire (2 ):Air China and Lufthansa Group Strengthen Strategic Partnership

    Date: 2014-07-07 16:31:35 GMT - Egypt - Economy - SN:116 - ID:816347

    BEIJING, July 7, 2014 /PRNewswire/ -- During German Chancellor Dr Angela Merkel's state visit to China, Song Zhiyong, President & Executive Director of Air China Limited and Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche ....

  • Egypt auctions T-bonds

    Date: 2014-07-07 14:56:56 GMT - Egypt - Economy - SN:83 - ID:816080

    CAIRO, July 7 (MENA) - The Finance Ministry auctioned on Monday treasury bonds at a total value of five billion pounds. In an online statement, the ministry said it auctioned three-year bonds (maturing on June 10, 2017) with average interest rate ....

  • Collective decline in Egypt bourse

    Date: 2014-07-07 14:14:56 GMT - Egypt - Economy - SN:70 - ID:815795

    CAIRO, July 7 (MENA) - The Egyptian Exchange (EGX) recorded a collective decline at the close of trading on Monday, amid intensive sales by Arab and Egyptian investors. The market capital reached about 318 million pounds to reach 483.5 billion ....

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