Economy

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  • Category : Economy
  • EGX loses EGP 9.5bln

    Date: 2014-03-03 14:08:48 GMT - Egypt - Economy - SN:87 - ID:587731

    CAIRO, March 3 (MENA) - The Egyptian Exchange (EGX) indices went down at the end of Monday's trading due to intensive sales by Egyptian investors and investment funds. The EGX indices went down in the second largest daily decline since the ouster ....

  • Egypt auctions T-bonds

    Date: 2014-03-03 14:03:52 GMT - Egypt - Economy - SN:85 - ID:587724

    CAIRO, March 3 (MENA) - The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 6 billion. In an online statement, the ministry said it sold EGP 2 billion of each of 3-year, 7-year and zero-coupon treasury bonds. A ....

  • Rise in foreign reserves – CBE – 2 last Cairo

    Date: 2014-03-03 13:29:41 GMT - Egypt - Economy - SN:83 - ID:587548

    CBE Governor Hisham Ramez said he discussed with the prime minister the price of food commodities. Asked about a mortgage initiative, Ramez said it aims to offer funding for residential units allotted for low-income earners with a small interest ....

  • WTO agreement to boost Egypt exports -- official

    Date: 2014-03-03 11:45:54 GMT - Egypt - Economy - SN:69 - ID:587263

    CAIRO, March 3 (MENA) - A recently-reached Trade Facilitation Agreement at a meeting of the World Trade Organization (WTO) will help Egypt boost its exports, said a senior official on Monday. "The accord will remove administrative barriers that ....

  • Rise in foreign reserves - CBE

    Date: 2014-03-03 11:38:39 GMT - Egypt - Economy - SN:67 - ID:587331

    CAIRO, March 3 (MENA) – An increase was recorded in Egypt's foreign reserves, and its size will be announced within days, said Governor of the Central Bank of Egypt Hisham Ramez. During a press conference held following a meeting with new Prime ....

  • Egypt's bourse indices down amid pressure fears

    Date: 2014-03-03 11:37:58 GMT - Egypt - Economy - SN:66 - ID:587259

    CAIRO, March 3 (MENA) - Egypt's bourse indices dropped during trading amid a wave of sales by Egyptian and Arab investors. Fears of more pressure on stocks during the coming period fueled the sales. The EGX 30 benchmark index went down by 1.7 ....

  • CAPMAS: 12% drop in balance of trade deficit

    Date: 2014-03-03 10:11:47 GMT - Egypt - Economy - SN:45 - ID:587054

    CAIRO, March 3 (MENA) - The balance of trade deficit declined by 13 percent in November 2013, reaching 23.55 billion compared with the same month last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). A CAPMAS ....

  • Global-PRNewswire(1):JA Solar to Supply 7.8MW of High-Efficiency Full Square Mono Modules to British Solar Renewables

    Date: 2014-03-03 05:42:54 GMT - Egypt - Economy - SN:5 - ID:586510

    Global-PRNewswire 3-3-2014 SHANGHAI, March 3, 2014 /PRNewswire/MENA/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today ....

  • 91-, 273-day T-bills auctioned

    Date: 2014-03-02 16:56:09 GMT - Egypt - Economy - SN:114 - ID:586024

    CAIRO, March 2 (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 10.206%, adding it ....

  • 6,000 tons of petroleum products arrive at Alexandria port

    Date: 2014-03-01 08:48:29 GMT - Egypt - Economy - SN:22 - ID:582993

    ALEXANDRIA, March 1 (MENA) - A ship carrying 3,000 tons of liquefied butane gas coming from Ukraine and another carrying 3,000 tons of propane coming from Romania arrived at Alexandria Port on Saturday, head of the port authority Adel Yassin Hamad ....

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