Economy

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  • Category : Economy
  • Red Sea governor urges Safaga city inclusion in tourist sights

    Date: 2014-04-27 17:14:33 GMT - Egypt - Economy - SN:106 - ID:690511

    HURGHADA, April 27 (MENA) – Red Sea Governor Ahmad Abdallah Sunday called on Regional Authority for Tourism Promotion to add Safaga city to the tourist sights of the province in order to promote tourism in the city. On the sidelines of his ....

  • 91-day T-bills auctioned

    Date: 2014-04-27 15:11:59 GMT - Egypt - Economy - SN:89 - ID:690565

    CAIRO, April 27 (MENA) - The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 2 billion. In an online statement, the ministry said it sold EGP 2 billion of 91-day T-bills with an average yield of 10.423%, adding it ....

  • Bourse loses EGP 2.7 bn

    Date: 2014-04-27 14:09:47 GMT - Egypt - Economy - SN:74 - ID:690397

    CAIRO, April 27 (MENA) - The Egyptian Exchange (EGX) indexes showed a varied performance during Sunday trading with the market waiting on companies to present their activity log for the first quarter of the year. The market capital lost about EGP ....

  • PM to open IPO conf. next week

    Date: 2014-04-27 12:20:37 GMT - Egypt - Economy - SN:54 - ID:690164

    CAIRO, April 27 (MENA) - Prime Minister Ibrahim Mahlab will open the first initial public offering (IPO) conference organized by the Egyptian Exchange and the Canadian Chamber of Commerce next week. The event is a great chance for different sides ....

  • Egypt's Citadel sells stake in Sudanese Egyptian Bank at $22 mln

    Date: 2014-04-27 11:20:11 GMT - Egypt - Economy - SN:41 - ID:690059

    CAIRO, April 27 (MENA) - Egypt's Citadel Capital, the leading investment company in Africa and the Middle East, said on Sunday it was selling its majority stake in the Sudanese Egyptian Bank to the Islamic Solidarity Bank of Sudan for 22 million ....

  • Project for producing solar energy in Egypt to be established - minister

    Date: 2014-04-26 12:04:49 GMT - Egypt - Economy - SN:37 - ID:688558

    ALEXANDRIA, April 26 (MENA) - Local and Administrative Development Minister Adel Labib announced that the state will implement a giant project during the coming phase for producing solar energy with total cost of one billion dollars. The minister's ....

  • Russian wheat consignment arrives at Safaga port

    Date: 2014-04-26 09:58:50 GMT - Egypt - Economy - SN:19 - ID:688205

    HURGHADA, Egypt, April 26 (MENA) – A cargo ship carrying 63,000 tons of Russian wheat sailed into the Red Sea Port of Safaga on Saturday. Agricultural quarantine authorities raised emergency measures at the port to examine the shipment and verify ....

  • 34,000 tons of diesel oil, gas arrive at Alex. port from Turkey, Greece

    Date: 2014-04-26 09:56:59 GMT - Egypt - Economy - SN:17 - ID:688203

    ALEXANDRIA, Egypt, April 26 (MENA) - A vessel coming from Turkey and carrying 30,000 tons of diesel oil arrived at Alexandria Port on Saturday. Also, another vessel laden with 13,000 tons of gas and coming from Greece arrived at the port today. ....

  • Egyptian GDRs in London show mixed performance

    Date: 2014-04-25 18:50:17 GMT - United Kingdom - Economy - SN:96 - ID:687743

    LONDON, April 25 ِ(MENA) - The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange showed mixed performance at the close of Friday's trading. The GDRs of Commercial International Bank (CIB) and Orascom Telecom dropped by ....

  • Public sector sales during winter discount hit EGP 44m

    Date: 2014-04-25 10:29:50 GMT - Egypt - Economy - SN:36 - ID:686867

    CAIRO, April 25 (MENA) - The total sales achieved by public sector companies during the winter discount have hit EGP 44 million, three million more than last year's season, said Supply and Internal Trade Minister Khaled Hanafy. As many as 1,535 ....

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