Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Tehran Seeking Closer Economic Ties with Cairo
10/22/2012 - Egypt should ease visa conditions on Iranians in order to boost economic relations with the Islamic Republic, an Iranian official told Ahram Online. Mahmoud El-Sabki, an Iranian economic diplomat in C...
Number of Measures to Stimulate Investment Movement in Egypt
10/22/2012 - Prime Minister Dr. Hisham Qandil on 21/10/2012 presided over a meeting by the ministers of the Economic Group. The meeting was attended by governor of the Central Bank of Egypt CBE Dr. Farouq Al Oqda,...
Egypt Denies Asking Algeria for $2bn Aid
10/23/2012 - Egypt's prime minister denied a report that he asked Algeria's government for $2 billion to shore up a struggling economy during an official visit to the country this week, Egypt's state news agency r...
Egyptian Stocks Take Further Dip Ahead of Eid Holiday
10/24/2012 - The benchmark EGX30 slipped 0.37 per cent to 5,700 points, its lowest level in nearly a month, prompted by steep declines for a handful of market heavyweights. Gainers outnumbered losers, however, wit...
Egypt Denies Asking Algeria for $2bn Aid
10/24/2012 - Egypt's prime minister denied a report that he asked Algeria's government for $2 billion to shore up a struggling economy during an official visit to the country this week, Egypt's state news agency r...
Hatem Saleh :1 mn Cubic Meters to Establish Industrial Zone
10/25/2012 - Industry and Foreign Trade Minister Hatem Saleh said on 24/10/2012 that Ethiopia granted one million cubic meters to establish an Egyptian industrial zone to boost trade, economic and investment activ...
Agreement to Establish Egyptian Industrial Zone in Algeria
10/25/2012 - Prime Minister Hisham Qandil said on 24/10/2012 that Egypt will establish an industrial zone in Algeria to produce construction materials the North African country needs. His two-day visit was meant t...
Egypt Supports Trade Liberalization
10/26/2012 - Foreign Minister Mohamed Kamel Arm confirmed Egypt's keenness on developing and strengthening trade relations and economic cooperation with all other African countries especially COMESA member-states....
Samsung Posts $7.4bn Profit, Handsets Mask Weak Chips
10/26/2012 - South Korean technology powerhouse Samsung Electronics Co posted a fourth straight record quarterly profit - of $7.4 billion - with strong sales of its Galaxy range of phones masking sharply lower sal...
Egypt Shares, Yields to Depend on IMF Talks
10/29/2012 - The mood of Egypt's financial markets is likely to depend heavily this week on the government's progress in securing a $4.8 billion loan from the International Monetary Fund. An IMF team is expected t...
Egypt state will not abandon limited income brackets
10/29/2012 - Minister of Finance Momtaz El Saeid said the state will not abandon the limited income brackets adding the government will continue to ease down their burdens. He said expansion of partnership project...
High Speed Train Project Terms to be Made within Days
10/29/2012 - In a statement to al-Ahram, Minister of Transport Dr. Mohamed Rashad al Mateeny disclosed the government‘s first practical step to implement the project of high speed train between Cairo and Alexandri...
IMF Team Arrives in Egypt for Final Stage of Negotiations
10/29/2012 - The mission of International Monetary Fund (IMF) will arrive to Egypt on 30/10/2012 to resume the negotiations about the $4.8 billion loan requested by Egyptian government for supporting the state’s e...
Egypt's Stocks Bolstered by IMF Loan Prospects
10/29/2012 - Egypt’s stocks rose significantly, in the first session since the start of the Eid holiday, buoyed by active foreign investors’ trading on positive signs that President Morsi' government is making hea...
Arab Market Economies here to Stay, Say Tunisia Delegates
10/29/2012 - Market economies are likely to prevail in countries affected by the Arab Spring despite calls for widespread change, according to economists and academics gathered at a Tunisian conference. Uprisings ...
Residents of Egypt's Sinai to be Allowed to Own Local Land
10/29/2012 - Residents of Egyptian Sinai will finally enjoy the right to own land in the peninsula after Prime Minister Hisham Qandil issued a decision laying out purchase procedures for would-be local landowners,...
ESE Index Ups to Highest Level in 4 Weeks
10/30/2012 - The Egyptian Stock Exchange's (ESE's) indexes ups during its transactions on 29/10/2012 to its highest levels in 4 weeks as a result of intensive buying processes from the side of the foreign investor...
Electricity in Egypt to Reach Owainat for Cultivating 80,000 Feddans
10/31/2012 - The Central Egypt Company has connected electricity Owainat, New Valley Governorate, with the entire national power grid to help cultivate 80,000 feddans there. Minister of Electricity and Energy Mahm...
Investors are Worried after Centamin Verdict
10/31/2012 - The main index EGX30 plunged 2.1 per cent, recording 523.8 points, as an Egyptian court halted the operations of Egypt's largest gold producer Centamin. Egypt's State Council said the Tuesday ruling w...
Centamin Ordered to Stop Egypt Gold-Mining Operations
10/31/2012 - Gold producer Centamin has been ordered to halt local operations after an Egyptian court ruled its right to operate the Sukari mine, its main asset, was invalid. Cairo's Administrative Court on Tuesda...

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