Economy

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  • Category : Economy
  • Suez Canal revenues down 7.9% in Feb. -- report

    Date: 2014-04-06 17:36:48 GMT - Egypt - Economy - SN:112 - ID:653027

    CAIRO, April 6 (MENA) - Revenues of the Suez Canal dropped 7.9 percent in February to $399.4 million from $433.4 million in January, according to a cabinet report released on Sunday. But the income on a yearly basis jumped 6.4 percent compared to ....

  • EGX loses morning gains, main index drops by 2.3 pct

    Date: 2014-04-06 15:20:56 GMT - Egypt - Economy - SN:86 - ID:652527

    CAIRO, April 6 (MENA) - The Egyptian Exchange (EGX) indices lost the morning gains at the end of Sunday's trading affected by selling operations by Arab and foreign investors and associations. The market capital lost about 7.7 billion pounds to ....

  • 1.3 trillion pounds in total banking deposits in January - CBE

    Date: 2014-04-06 14:44:55 GMT - Egypt - Economy - SN:77 - ID:652728

    CAIRO, April 6 (MENA) - Total deposits of the banking system, other than the central bank’s deposits, hiked by about nine billion pounds to hit 1.325 trillion pounds in January compared to 1.316 trillion pounds in December, the Central Bank of ....

  • 50 most share-dropping companies required to reveal financial position

    Date: 2014-04-06 13:50:02 GMT - Egypt - Economy - SN:69 - ID:652420

    CAIRO, April 6 (MENA) - The Egyptian Exchange addressed 50 companies with the most declining shares in the past period to send over their financial statements and disclosures, said EGX Chairman Mohamed Omran. The move aims to familiarize ....

  • 91-, 273-day T-bills auctioned

    Date: 2014-04-06 12:45:17 GMT - Egypt - Economy - SN:58 - ID:652426

    CAIRO, April 6 (MENA) - The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP 5 billion. In an online statement, the ministry said it sold EGP 2 billion of 91-day T-bills with an average yield of 10.417%, adding it ....

  • Bourse indexes decline sharply in late trading

    Date: 2014-04-06 12:32:31 GMT - Egypt - Economy - SN:55 - ID:652421

    CAIRO, April 6 (MENA) - The Egyptian Exchange (EGX) indexes went down collectively during late trading on Sunday, losing the gains it made in the morning, due to intensive share sales by Egyptian investors. The main benchmark EGX 30 index went ....

  • IDSC: 54.5 percent decrease in train passenger revenues during January

    Date: 2014-04-06 12:29:03 GMT - Egypt - Economy - SN:52 - ID:651982

    CAIRO, April 6 (MENA) - A report prepared by the Information and Decision Support Center (IDSC) showed a 54.5 percent decrease of railway passengers' revenues during January. The IDSC bulletin on Egypt's economic and social indicators, a copy of ....

  • Egyptian economy recovering, no taxes to be imposed on expatriates - finance minister

    Date: 2014-04-05 10:46:53 GMT - Kingdom of Saudi Arabia - Economy - SN:34 - ID:650231

    RIYADH, April 5 (MENA) - Indicators began to show recovery of the Egyptian economy, said Finance Minister Hani Qadri Demian. He, meanwhile, denied that taxes will be imposed on Egyptian expatriates. There is also no intention to get a loan ....

  • Global (3): 2014 U.N. Correspondents Association Awards for Best Coverage of the United Nations and U.N. Agencies

    Date: 2014-04-04 18:40:01 GMT - Egypt - Economy - SN:105 - ID:649691

    - Winners Will Be Honored at Gala Event by the U.N. Correspondents Association and the U.N. Secretary-General on Tuesday, December 16th 2014 at Cipriani 42nd Street, New York. NEW YORK, April 4, 2014 /PRNewswire/ -- The United Nations ....

  • Egypt ambassador meets Tunisian minister

    Date: 2014-04-04 11:21:39 GMT - Tunisia - Economy - SN:32 - ID:648828

    TUNIS, April 4 (MENA) – Egyptian Ambassador to Tunisia Ayman Musharafa has met with Tunisian Minister of Trade and Handicrafts Nejla Harrouch. "We discussed ways to boost bilateral ties as the volume of trade exchange in 2013 hit 302 million ....

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