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Economics/Financial Analysis News in Egypt

Egyptian Automobile Sales Edge up 4 pct in May
6/26/2012 - Egyptian automobile sales are continuing their mild recovery, with purchase figures for May up 4.4 per cent compared to the same month in 2011. A total of 15,465 automobiles were sold last month, two-...
Saudi Company Injects New Investments
6/26/2012 - A Saudi company working in the field of agricultural investment assured that it will continue working in the Egyptian market, confirming pumping of more investments and increase their agricultural pro...
1800 MW to be Added for National Power Grid
6/26/2012 - Electricity and Energy Minister Dr. Hassan Younis said 1800 megawatt will be added for national power grid next month to operate Abu Kair and west Damietta stations at LE 12 billion investments. The m...
ESE Gains LE 18 Billion
6/26/2012 - The Egyptian Stock Exchange (ESE) gained LE 18 billion trading session prompted by growing purchases by Egyptian inventors following the win of Dr. Mohamed Morsi of presidential elections. The main be...
IMF is Ready to Support Egypt under the New Leadership
6/26/2012 - The International Monetary Fund said Tuesday it is ready to help Egypt to restart growth and deal with other economic challenges after the country chose a new president. "The election of a new preside...
Government Wheat Purchases Increased to 3.5 Million Tons
6/26/2012 - Further to our earlier reporting on the subject actual government wheat purchases from farmers till date increased by 900,000 tons to 3.5 million tons and that compares with 2.6 million tons in the pa...
Kamal Al-Ganzoury Held Ministerial Meeting
6/27/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held ministerial meeting attended by Ministers of Housing, Local Development, Industry, and Agriculture, and heads of state lands authorities. The meeting discus...
Egypt to See $200bn in Foreign Investment
6/27/2012 - Egypt is to see around $200 billion on foreign investment in the "coming period", the spokesman for the country's president-elect, Mohamed Morsi, claimed on Wednesday. Yasser Ali, who did not elaborat...
Politics Hinders Aid to Arab Spring Economies
6/27/2012 - When Saudi Arabia withdrew its ambassador to Cairo in late April, yields on Egyptian Treasury bills rose and stock prices slipped as investors feared Egypt would be cut off from billions of dollars of...
Big Banks Craft 'Living Wills' in Case They Fail
6/27/2012 - Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of government-mandated contingency planning that could push them to untangle the...
Mahmoud Eissa witnessed inking of an Agreement
6/27/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa witnessed the inking of an agreement to meet the needs of local plastic factories. The agreement was signed between the Federation of Egyptian Indu...
Egyptian Automobile Sales Edge up 4 % in May
6/27/2012 - Egyptian automobile sales are continuing their mild recovery, with purchase figures for May up 4.4 percent compared to the same month in 2011.A total of 15,465 automobiles were sold last month, two-th...
EFG-Hermes Keeps Egypt Market in Green
6/28/2012 - Egypt stocks ended up on Thursday, bolstered by more than LE400 million worth of trades on EFG-Hermes, Egypt's largest financial services company. The benchmark EGX30 index rose by 1.7 per cent for th...
Lending Agencies Urge WTO ‘Trade Facilitation’ Pact
6/28/2012 - The heads of the World Bank and other international lending agencies on Wednesday urged countries to salvage an agreement to help poor nations increase trade from the remains of failed world trade tal...
Al- Gaznoury Discuses Provision of Main Goods in Ramadan
6/28/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting to discuss provision of main supply goods in markets over Ramadan month, in attendance of Head of the Holding Co. for Food Industries, Ministers of ...
Egyptian Exchange Extends Companies’ Exemption Period
6/29/2012 - The Egyptian Exchange has decided to extend the period of exemption from registration fees for companies desiring to list and offer their shares on the Egyptian Exchange or the Nile Stock Exchange for...
Egypt Tops Emerging Equities in H1; BRICs Weak
6/29/2012 - Egyptian stocks topped returns on emerging equity markets in the first six months of 2012 with a rise of 30 per cent, well above the broader MSCI emerging stock index, where spectacular first quarter ...
Exchange Minimizes Losses in Q2 to EGP22.7bn
6/30/2012 - The Egyptian Exchange has cut down its losses in the end of Q2 of 2012 to reach EGP22.7 billion after the announcement of Mohamed Morsi the winner of the presidential elections. The performance of st...
Al-Ganzoury Discusses the Development of East Port-Said
6/30/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting of the committee on East Port-Said development, in attendance of Ministers of Planning, Electricity, Housing, Industry, Water Resources, Transport, ...
Lagarde Tells Morsi IMF Ready to Support Egypt
6/30/2012 - The International Monetary Fund's chief has told Egypt's new president that the crisis lender is ready to help Cairo, an IMF spokeswoman said. Christine Lagarde taked with Mohamed Morsi by telephone o...

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