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Economics/Financial Analysis News in Egypt

ESE Gains LE 3 billion
7/18/2012 - The Egyptian Stock Exchange (ESE) gained LE 3 billion on trading, pushed by intensive purchases of leading shares by Egyptian and Arab investors. The benchmark EGX 30 index was up 1.64 percent to 4818...
LE 98.3 bn Increase in Egypt’s Exports During 5 Years
7/19/2012 - Central Agency for Mobilization and Statistics (CAPMAS) said that the Egyptian exports to world nations increased by % 148.1 during 2010 to reach LE 159.9 billion against LE 61.6 billion in the year 2...
Government Retrieves EGP 1.8bn from Maersk International
7/20/2012 - A team of the Transport Ministry negotiators managed to retrieve up to EGP 1.8 from Maersk International which has the concession of containers station at east Port Said harbor, Minister of Transport ...
Egyptian Exchange Gains EGP 2.8 Billion
7/20/2012 - The Egyptian Exchange gained EGP 2.8 billion at the close of trading on 19/07/2012, the final session before the start of the Muslim holy month of Ramadan. The main benchmark EGX 30 index was up by on...
4,300 Feddans in Alamein Cleared of Mines
7/21/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga announced that some 4,300 feddans in the city of El-Alamein have been cleared of mines pointing out that the total cost hit EGP 43 mi...
Egypt to Offer LE3.5 bln in Reopened Bonds
7/22/2012 - Egypt's Ministry of Finance will offer LE3.5 billion ($577.1 million) in reopened three-year and seven-year bonds at an auction on July 30, the central bank said on Sunday. It will offer LE2 billion i...
Exchange Gains EGP400m
7/23/2012 - The Egyptian Exchange (ESE) gained EGP400 million at the close of trading on 22/7/2012, the first session after the start of the Muslim holy month of Ramadan. The main benchmark EGX 30 index was up by...
€20 Million from Germany for Aswan Power Stations
7/27/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga signed a financial cooperation agreement with the German ambassador in Cairo Michael Bock for receiving six million euro easy term lo...
Egypt's Alcotexa Sells 2,440 T Cotton in Two Weeks
7/30/2012 - Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 2,440 tonnes of cotton in the two-week period that ended on July 28, an Alcotexa official said on Monday. The sales compri...
ESE Gains LE 4.5 bn
8/1/2012 - The Egyptian Stock Exchange (ESE) gained LE 4.5 billion at the close of trading on 31/7/2012 amidst increased foreign purchases. The main benchmark EGX 30 index was up by 2.03 per cent to reach 4862.5...
Egypt's New Government Leaks Drive up Stocks
8/1/2012 - Egypt’s stocks ended the trading day with a surge as many investors, especially foreigners, seemed hopeful following leaks of potential ministers in the new government under Hisham Qandil. New Prime M...
Egypt Gov’t Resumes Talks with IMF to Get US$3.2 BLN
8/5/2012 - Minister of Finance Momtaz al-Sa'eed on 4/8/2012 said that the government of Dr. Hisham Qandil gives the economic file a great deal of attention which will help in solving the unemployment problem, fu...
Investments of 150 Million EGP at Beherah
8/5/2012 - Chamber of commerce of “Beherah” governorate announced the establishment the largest market complex in the Middle East over area of 57 acres with initial investments of 150 million EGP and it will be ...
Egypt Eyes 4.5% Growth in 2012-2013
8/12/2012 - Egypt seeks to achieve economic growth by 4.5 percent in 2012-2013, Minister of Planning and International Cooperation Ashraf el-Arabi said on 10/8/2012. Speaking during a press conference, Arabi said...
Suez Canal Region Provides more than a Million Jobs
9/8/2012 - Minister of Housing Dr. Tarek Wafik said that the Suez Canal region could provide about one million job opportunities through the application of Egypt's strategic plan of urban development until 2025....
IMF Loan Pushes up Egypt Stocks 1.8 pct
11/21/2012 - Egypt stocks soared during Wednesday trading as the success of the government in reaching agreement with the International Monetary Fund on a $4.8 loan positively affected investors' behaviour. The be...
Egypt's Economic Chaos Drives Stocks down Sharply
4/3/2013 - Egyptian stocks saw a drastic plunge in session, as investors have been spooked by the country’s economic mess, selling their shares. The main index EGX30 dropped 2.2 percent, recording 4,926 points, ...
Egypt’s Stock Market Surprisingly Gains EGP 2.2bn
7/1/2013 - Despite protests that took place in Egypt on 30/6/2013, Egypt's stock market surprisingly closed with gains and its indexes were all up to reach the highest level in three weeks. The market capital ac...
Egypt Plans Quick Steps to Spur Economy
7/31/2013 - Deputy PM for economic affairs Ziad Bahaa el-Din said that Egypt's new cabinet plans quick steps to spur the economy while laying the ground for a broader "Marshall Plan" to present to Gulf countries ...
Egypt Economy Grew 2.2% in Q4 of 2012/13
9/11/2013 - The Egyptian economy grew by 2.2 percent in the fourth quarter of the 2012/13 fiscal year which ended on 30 June, Minister of Planning Ashraf El-Araby has said. Average growth for the entire 2012/13...

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