Economy

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  • Category : Economy
  • Global-PRNewswire (1): Consumers Who Bought Gray Line or CitySights "Hop-On, Hop-Off" Bus Tours in New York City Could Get a Refund Up to $20 Per Ticket

    Date: 2014-07-07 13:07:05 GMT - Egypt - Economy - SN:56 - ID:815826

    NEW YORK, July 7, 2014 /PRNewswire/ -- The following is being released by the law firm of SUSMAN GODFREY LLP. There is a $19 million settlement with Twin America, LLC, Coach USA, Inc., International Bus Services, Inc., CitySights LLC, and ....

  • Egypt's foreign currency reserves down by 3.4% in June - CBE

    Date: 2014-07-07 11:43:08 GMT - Egypt - Economy - SN:48 - ID:815599

    CAIRO, July 7 (MENA) - Egypt's foreign currency reserves decreased in June by 3.4 percent to hit 16.687 billion dollars compared to 17.283 billion dollars in May, the Central Bank of Egypt said Monday. The decrease was prompted by Egypt's ....

  • Trade balance deficit down in March -- report

    Date: 2014-07-07 10:24:38 GMT - Egypt - Economy - SN:35 - ID:815312

    CAIRO, July 7 (MENA) - Egypt's balance of trade deficit dropped by 7.6 percent in March on a year-on-year basis, said an official bulletin released on Monday. The shortage hit EGP20.5 billion compared to EGP22.19 billion in the same month in ....

  • Sawiris-Beltone alliance refuses offered 9.5 percent stake in EFG Hermes

    Date: 2014-07-07 09:16:25 GMT - Egypt - Economy - SN:26 - ID:815240

    CAIRO, July 7 (MENA) - Beltone Financial and billionaire Naguib Sawiris' New Egypt Investment Fund refused on Monday to accept an offered 9.5 percent stake in EFG Hermes, less than half of their target amount of 20 percent. In a joint statement, ....

  • Fuel price decision untimely -- Cairo commerce chamber official

    Date: 2014-07-06 18:47:44 GMT - Egypt - Economy - SN:120 - ID:814666

    CAIRO, Julu 6 (MENA) - The timing of a recent decision by the government to increase fuel prices is untimely, said a senior official of the Cairo Chamber of Commerce. "There were several other options for the government to tackle the budget ....

  • Popular movement lashes out at economic decisions

    Date: 2014-07-06 18:33:18 GMT - Egypt - Economy - SN:118 - ID:814693

    CAIRO, July 6 (MENA) - The Egyptian Popular Current voiced concern on Sunday over a recently-taken government decision to increase prices. "The increases are unprecedented," the movement said in a statement. "They will heighten the inflation ....

  • Some NBE workers strike demanding to be promoted

    Date: 2014-07-06 15:45:02 GMT - Egypt - Economy - SN:83 - ID:814432

    CAIRO, July 6 (MENA) - A group of workers of the main downtown branch of the National Bank of Egypt (NBE) in Sherif Street went on strike on Sunday demanding to be promoted, an official source at the bank said. He said the work stoppage at the ....

  • Egypt auctions EGP 5.5 bn T-bills

    Date: 2014-07-06 14:09:11 GMT - Egypt - Economy - SN:64 - ID:814142

    CAIRO, July 6 (MENA) - The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 5.5 billion. The ministry said it will sell 91-day and 273-day T-bills worth EGP 2.5 and 3 billion, respectively. The Central Bank of Egypt ....

  • Bourse gains EGP 2bln, index up 0.76 percent

    Date: 2014-07-06 14:07:04 GMT - Egypt - Economy - SN:63 - ID:814051

    CAIRO, July 6 (MENA) - Egypt's bourse indices recorded collective gains at the end of trading Sunday, backed by collective purchases by Arab and foreign investments and funds. The market capital gained about 2 billion pounds to reach 483.8 ....

  • Egypt to auction EGP 78 bn T-bills, T-bonds in July

    Date: 2014-07-06 12:52:21 GMT - Egypt - Economy - SN:50 - ID:814047

    CAIRO, July 6 (MENA) - The Finance Ministry plans to auction treasury bills and bonds at a total value of EGP 78 billion in July. The ministry said it will sell 91-day, 182-day, 273-day and 364-day T-bills worth EGP 11, 14, 16.5 and 19 billion, ....

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