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Economics/Financial Analysis News in Egypt

Egyptian Investments in Ethiopia Hit USD One Billion
6/2/2012 - Ethiopia's Ambassador in Cairo Mahamoud Dirir Gheddi on 01/06/2012 said the Egyptian investments in Ethiopia do not exceed one billion dollars and Egyptian businessmen seek to increase the volume of j...
Meeting on EMISAL Company in Egypt
6/3/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting on the Egyptian Company for Minerals and Salts “EMISAL”, in attendance of Ministers of Planning, Electricity, Petroleum, and Environment, as well as...
€80,000 for the Establishment Of Kom Ombo Power Plant
6/4/2012 - Planning and International Cooperation Minister Signed a €800,000 grant agreement with French ambassador to Egypt Jean Felix-Paganon and director of "L'Angene Francoise de Development Jean Pierre Marc...
ESE Loses LE3.2 BN
6/4/2012 - The Egyptian Stock Exchange (ESE) continued its downward trend at the end of 3/6/2012 trading against the backdrop of renewed protests following yesterday's court ruling which sentenced former preside...
EGP 780 Million to Finance Projects in Gharbia Governorate
6/4/2012 - Ministry of Housing accomplishes this month the implementation of a number of drinking water and sanitation projects in Gharbia governorate at the cost of about EGP 780 million to serve more than 800 ...
Wheat Purchases Reached a Total of 2.8 Million Tons
6/5/2012 - Government wheat purchases from farmers since opening the door for such purchases on April 20, 2012 reached a total of 2.8 million tons marking 200,000 tons additional quantities above their level dur...
Momtaz al-Saeed: Social Justice among Budget Priorities
6/5/2012 - Finance Minister Momtaz al-Saeed said on 4/6/2012 in his report that the draft budget took into consideration mitigating poverty level, improving the standards of living, reaching a 4 percent growth r...
Egypt Foreign Reserves up $302 Million in May
6/6/2012 - Egypt's foreign reserves climbed $302 million in May to reach $15.52 billion, their second consecutive monthly increase, boosted by Saudi aid and foreign investment inflows. The rise is however seen a...
ESE Loses LE 5.5 bn as Indexes Plunge
6/6/2012 - In its worst trading day due to Tahrir incidents, the Egyptian Stock Exchange (ESE) lost LE 5.5 billion at closing on Tuesday 5/6/2012 as indexes plunged due to intensive selling operations by investo...
Bread Subsidies to Hit Record High in 2012/13
6/6/2012 - Egypt's government will raise bread subsidies to a record high in the 2012/13 financial year, figures for the new budget show. The amount subsidised per loaf of bread will climb to 24.08 piasters (aro...
Suez Canal Tolls are Expected to Hit the $ 6 Billion Level
6/7/2012 - Annual Suez Canal tolls are expected to hit the $ 6 billion level in the next stage. This was reported in the media quoting General Ahmed Fadel, Chairman of SCA - Suez Canal Authority, indicating that...
Foreign Reserves with CBE up $ 300 mn in May
6/7/2012 - The Central Bank of Egypt (CBE) announced on 6/6/2012 that foreign reserves increased in May by $300 million hitting an aggregate of $15.5 billion. The rise is the second of its kind in a row with the...
Mahmoud Eissa: Dumping Duty of %15 on Polypropylene Imports
6/7/2012 - Industry and Foreign Trade Minister Mahmoud Eissa issued on 6/6/2012 a decision imposing a %15 dumping duty on polypropylene imports for 200 days to protect the national industry from foreign firms, e...
Egypt's OCI Gets $100 Million Loan from World Bank
6/7/2012 - Egypt's Orascom Construction Industries (OCI) has secured a $100 million loan from the World Bank's investment arm to help it expand across the region and rebuild confidence in the country's private s...
EIPICO Completed a Large Expansion Plan on 30,000 m2 Land
6/7/2012 - EIPICO - Egyptian International Pharmaceutical Industries Co. announced it has completed a large expansion plan on 30,000 m2 land opposite to its factories' premises in 10th Ramadan City involving L.E...
Local Indebtedness Reaching L.E. 1.183 Trillion in March
6/8/2012 - Total local indebtedness by the end of March 2012 has reached L.E. 1.183 trillion ($ 196 billion) marking L.E. 50 billion increase above its level 3 months ago. The issue represents one of the main ch...
Meeting on Local Goods Protection from Foreign Dumping
6/9/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting of the committee on local goods protection from foreign dumping. The Minister of Industry confirmed that decrees imposing anti-dumping fees on certa...
Egypt’s Participation in Arab-Turkish Forum in Libya
6/9/2012 - Foreign Minster Mohamed Kamel Amr received a detailed report from Assistant Foreign Minister Ayman Musharafa on the outcome of the Arab-Turkish forum which wrapped up on 08/06/2012. Egypt took part in...
El-Ganzouri Reviews Report on Projects of Arab Contractors
6/9/2012 - Prime Minister Dr. Kamal el-Ganzouri received on 08/06/2012 Eng. Ibrahim Mahlab, the Chairman of the Arab Contractors Company. During the meeting, Ganzouri reviewed a report on the great development w...
Mohamed Salem: Communications Sector Gains EGP36.6bn
6/9/2012 - The Egyptian communications sector has yielded EGP 36.6 billion in revenues during the current fiscal year, contributing 3% of the gross domestic product, said Communications and Information Technolog...

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