Economy

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  • Category : Economy
  • EGX main idex exceeds 8,000 points for 1st time since 2008 world crisis

    Date: 2014-02-23 12:01:46 GMT - Egypt - Economy - SN:64 - ID:571622

    CAIRO, Feb 23 (MENA) - The Egyptian Exchange (EGX)'s main index on Sunday went up exceeding 8,000 points for the first time since the world financial crisis in 2008 amid intensive buying of Egyptian stocks by investment funds and foreign foundations ....

  • EGP 50bn in government investment funded by public treasury in 2014-2015 – Planning Minister

    Date: 2014-02-23 10:53:03 GMT - Egypt - Economy - SN:54 - ID:571482

    CAIRO, Feb 23 (MENA) – Planning and International Cooperation Minister Ashraf el-Araby said Sunday the value of government investments funded by the public treasury in 2014-2015 will not be less than EGP 50 billion. In statements, the minister ....

  • Wheat reserves at Alex. port reach 1.062 mn tons

    Date: 2014-02-22 08:16:59 GMT - Egypt - Economy - SN:15 - ID:569361

    ALEXANDRIA, Egypt, Feb 22 (MENA) - Wheat reserves at Alexandria port rose to 1.062 million tons as a Russian vessel carrying 63,000 tons of wheat sailed into the port on Saturday, said chairman of the Alexandria Port Authority Adel Yassin. All ....

  • Egyptian Exchange indexes up last week

    Date: 2014-02-21 11:17:56 GMT - Egypt - Economy - SN:23 - ID:567991

    CAIRO, Feb 21 (MENA) - The Egyptian Exchange indexes closed last week up and the market capital gained EGP 14.5 billion to hit EGP 485 billion. During the course of the week, the benchmark index EGX 30 jumped 3.98 percent to 7,893 points, said a ....

  • Planning, agriculture ministers attend meeting on development in Egypt Tue.

    Date: 2014-02-21 08:02:05 GMT - Egypt - Economy - SN:13 - ID:567792

    CAIRO, Feb 21 (MENA) – Planning and International Cooperation Minister Ashraf el-Araby, Agriculture Minister Ayman Farid Abu-Hadid and Director General for the Middle East and Europe at the Japan International Cooperation Agency (JICA) Akihiro ....

  • Global PRNews wire 4: Midamar celebrates its 40th year of doing business in the Middle East at Gulfood in Dubai

    Date: 2014-02-20 19:28:54 GMT - Egypt - Economy - SN:178 - ID:567486

    20-4-2014 CEDAR RAPIDS, Iowa, Feb. 20, 2014 /PRNewswire/ -- Midamar will be exhibiting at the Gulfood Show which will be held at the Dubai World Trade Center, in Dubai, UAE on February 23-27, 2014. This year, in addition to the Greek Style Gyros ....

  • EBRD boosts trade exchange in Egypt

    Date: 2014-02-20 15:15:57 GMT - United Kingdom - Economy - SN:130 - ID:567065

    LONDON, Feb 20 (MENA) - The European Bank for Reconstruction and Development (EBRD) is partnering with the National Bank of Egypt (NBE) to help Egyptian companies engage more widely in international trade, through a US$ 50 million trade line under ....

  • Egypt bourse continues upward trend

    Date: 2014-02-20 13:56:19 GMT - Egypt - Economy - SN:107 - ID:566860

    CAIRO, Feb 20 (MENA) - The Egyptian Exchange (EGX) continued its upward trend at the end of trading on Thursday, backed by intensive purchases by foreign and Arab investors and institutions. The market capital gained 2.7 billion pounds to ....

  • 182-, 364-day T-bills auctioned

    Date: 2014-02-20 13:25:50 GMT - Egypt - Economy - SN:94 - ID:566635

    CAIRO, Feb 20 (MENA) - The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 6 billion. In an online statement, the ministry said it sold EGP 2.5 billion of 182-day T-bills. The average yield was 10.551%, it said, ....

  • Global-PRNewswire: A Joint Statement From Avon Products, Inc. and Coty Inc.

    Date: 2014-02-20 12:57:54 GMT - Egypt - Economy - SN:87 - ID:566720

    Global-PRNewswire 20-2-2014 NEW YORK, Feb. 20, 2014 /PRNewswire/MENA/ -- Avon Products, Inc. and Coty Inc. have executed a letter of intent regarding a commercial arrangement where Avon Brazil would market and sell select Coty fragrances and ....

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