FINANCE & ECONOMY

07 Aug 2017

Tilapia prices plunge to LE22 after temporary Saudi ban

Tilapia and mullets prices retreated in the Egyptian markets after Saudi Arabia decided to impose a temporary ban on imports from Egypt.

The medium-sized Tilapia reached EGP22 down from EGP27 two weeks earlier and EGP25 down from EGP32 for large ones.

Damietta's"...

Continue Reading

07 Aug 2017

Miner Centamin raises dividend, shuns Egypt exploration

Centamin reported lower second-quarter profits and output on Thursday but the operator of Egypt's only commercial gold mine raised its interim dividend as it prepares for a stronger second half.

Centamin maintained"...

Continue Reading

07 Aug 2017

Qabil, Mahlab reviewed executive stand of leather city in Robiki

Presidential Assistant for National, Strategic Projects Ibrahim Mahlab, Trade, and Industry Minister Tareq Qabil inspected on Saturday 5/8/2017 the leather city in Robiki, Badr City, 45km east of Cairo. There is a timetable scheduled to transfer the tanneries to Robiki’s new city."...

Continue Reading

07 Aug 2017

Egypt needs economic reform, but must heed warnings from the past

Economic reform is not alien to Egypt. In January 1977, then-President Anwar Sadat tried to introduce a controversial economic reform that backfired and brought people out into the streets in protest. He was forced to scrap the whole project due to what he called the 'Uprising of the"...

Continue Reading

07 Aug 2017

Egypt's stock exchange gets new chairman

Egypt's prime minister has appointed Mohamed Farid Saleh as the new chairman of the country's stock exchange, the investment ministry said on Sunday. Saleh, a former vice chairman of Egyptian Exchange (EGX), will replace Mohamed Omran whose four year term ends this week. An economist, Saleh helped to launch the first weighted index on EGX during his time as vice chairman from July 2010 to October 2011, the ministry said. Since then, he headed a financial consultancy. Nearly 270 companies are listed on EGX and the government is......

Continue Reading

07 Aug 2017

Egypt studies 5 scenarios to benefit from electricity production surplus

The government is studying five scenarios to benefit from the energy production surplus, estimated at 8,000 MW.

Government sources told Daily News Egypt that a large number of old and high fuel-consuming electricity"...

Continue Reading

07 Aug 2017

GroFin MENA aims to increase investment in Egypt to EGP500M by end of 2018: investment director

In an interview with Al Borsa newspaper, Mohamed Hawary, GroFin’s regional investment director for the Middle East and North Africa (MENA), said that his company is looking to more than double its funding in Egypt to EGP 500m by the end of 2018.

He"...

Continue Reading

07 Aug 2017

Egypt has enough sugar to next November: supply ministry spokesman

Egypt has sufficient sugar reserves to cover until next November, said the supply ministry spokesman Mamdouh Ramadan said Sunday.

The country’s storage capacity is currently 1 million tonnes of sugar, Ramadan"...

Continue Reading

07 Aug 2017

EBRD, Egypt to sign $60 mln private sector funding deal next week

Egypt and the European Bank for Reconstruction and Development (EBRD) will sign a $60 million agreement next week to finance private projects, Investment Minister Sahar Nasr said Sunday.

The money is part of the"...

Continue Reading

07 Aug 2017

Egypt’s expenditure on scientific research increased to 17.5 billion EGP: Sisi

Amid rising tensions between Egypt and Sudan, the governor of the Egyptian Red Sea governorate announced the allocation of LE1.1 billion for the construction of housing units in the towns of Halayeb, Shalatin and Abu Ramad, located in the Halayeb triangle, which is administered by Egypt"...

Continue Reading
Found articles: - Pages  
Contact US | Powered by CNPHUB.com - All Rights Reserved