Economy

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  • Category : Economy
  • Eni announces gas discovery in the Egyptian Western Desert

    Date: 2018-08-30 21:13:36 GMT - Egypt - Economy - SN:9 - ID:7555024

    Eni announces a gas discovery in the Egyptian Western Desert, the global company posted Thursday on its website. The discovery well has been drilled on the Faramid South exploration prospect located in East Obayed concession, 30 km North-West of ....

  • Egyptian expats remit $26.5 bln during FY 2017/18 - CBE

    Date: 2018-08-30 18:31:56 GMT - Egypt - Economy - SN:7 - ID:7554894

    The Central Bank of Egypt (CBE) announced on Thursday that the remittances of Egyptians abroad witnessed unprecedented increase during the Fiscal Year 2017/2018 as it rose about $4.6 billion. The remittances went up with 21.1% to reach $26.5 ....

  • Bourse gains EGP 5.8 bln

    Date: 2018-08-30 18:18:35 GMT - Egypt - Economy - SN:4 - ID:7554880

    The Egyptian Exchange indexes posted collective gains at the close of Thursday trading, backed by purchases by Arab and foreign institutions and investment funds while the Egyptian investors tended to sell. The market capital gained EGP 5.8 ....

  • Egypt's bourse indices show mixed performance

    Date: 2018-08-26 17:31:42 GMT - Egypt - Economy - SN:1 - ID:7548338

    The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading on Sunday amid selling operations by Arab and local institutions and investment funds and purchases by foreign investors. The market capital reached EGP 856.4 ....

  • Molla in talks over APEX's Western Desert concessions

    Date: 2018-08-22 10:13:51 GMT - Egypt - Economy - SN:2 - ID:7543584

    Petroleum Minister Tarek el Molla held on Wednesday talks with chairman of the US Apex International Energy Tom Maher over the West Badr El Din and South East Meleiha concessions in western desert of Egypt. A delegation of Blue Water Energy ....

  • ATMs offering coins for citizens to be operated in Cairo soon - Finance Ministry

    Date: 2018-08-21 12:31:34 GMT - Egypt - Economy - SN:7 - ID:7542788

    The Finance Ministry is considering signing an agreement with a European company to buy a number of ATMs that would enable citizens to get coins in exchange for banknotes (paper money). In a statement on Tuesday, the ministry said that a free ....

  • Trade Ministry: export duties on fresh, frozen fish extended for one year

    Date: 2018-08-21 11:11:37 GMT - Egypt - Economy - SN:5 - ID:7542692

    Minister of Trade and Industry Amr Nassar has issued a decision to continue levying export duties on fresh and frozen Egyptian fish for an additional one year. Under the decision, effective as of August 25, the imposed duties stand at EGP 12,000 ....

  • Transport min. to MENA: Regional Ring Road saves EGP 800 mln annually

    Date: 2018-08-20 13:05:29 GMT - Egypt - Economy - SN:2 - ID:7541685

    Transport Minister Hisham Arafat asserted that the Regional Ring Road will save EGP 800 million annually for the State budget as it reduces the amount of fuel used in transferring cargo. In an interview with MENA Board Chairman and ....

  • Egypt investment min., China ambassador probe economic cooperation

    Date: 2018-08-19 12:13:08 GMT - Egypt - Economy - SN:1 - ID:7540282

    Minister of Investment and International Cooperation Sahar Nasr discussed with China's Ambassador in Cairo Song Aiguo the enhancement of cooperation at the economic, investment and development levels during the next stage. Senior officials of the ....

  • All bourse indexes end Thursday down

    Date: 2018-08-16 20:00:42 GMT - Egypt - Economy - SN:11 - ID:7537153

    The Egyptian Exchange (EGX) lost EGP 2.5 billion this week as the market capital went down to reach EGP 858 billion amid transactions that hit EGP 825 million. The drop came after unrest witnessed by emerging markets as well as the selling of a ....

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