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Economics/Financial Analysis News in Egypt

Egypt's Juhayna Sees 14 pct Drop in Q1 Net Profits
5/6/2012 - Leading Egyptian dairy producer Juhayna Food Industries saw its net profits for the first quarter of 2012 drop 14 per cent to LE43 million ($7.1m), the firm announced at the weekend. The dairy product...
ESE Gains Profits of EGP 3 bn
5/7/2012 - Egyptian Stock Exchange has shrugged off concerns over the weekend's fatal violence in Cairo to close in the green, the benchmark EGX30 edging up 0.9 per cent to 3794 points by the end of Sunday's ses...
Egypt Offers Technical Support to Sudan
5/7/2012 - Supply and Internal Trade Minister Gouda Abdul-Khaleq on 6/5/2012 said Egypt is keen to offer technical support to Sudan in the fields of supply and internal trade. The minister pointed out that the t...
Egypt PM to Fulfill Matrouh Needs
5/8/2012 - Prime Minister Kamal el- Ganzouri responded to most of the requests submitted by MPs on behalf of Marsa Matrouh governorate during a meeting on 7/5/2012. Ganzouri decided to allocate EGP 581 million t...
ESE Edged up 1.1 Percent
5/8/2012 - The Egyptian Stock Exchange has continued its upward trend on 7/5/2012 to close in the green, backed by purchases by investors, individuals and Arab investment funds and institutions. Optimism over a ...
Mahmoud Eissa Solves Investment Problems
5/8/2012 - The Ministry of Industry and Foreign Trade announced that the complaints committee had solved most of the problems facing investors in the industry and trade fields. In statements on 7/5/2012, Ministe...
MOU to Fund Cairo-Banha Road Project
5/8/2012 - The Transport Ministry signed on 7/5/2012 with the National Bank of Egypt (NBE) a memo of understanding to finance the Cairo-Banha Freeway Project that will be built by international standards at an e...
Leather Exports were Put at L.E. 300 Million
5/8/2012 - Leather exports during the first four months of 2011 were put at L.E. 300 million marking 25% decline below their level during the same period of 2011. This was reported in the media quoting Mr. Hesha...
Suez Canal's Revenue decreased to $433.1 Million in April
5/9/2012 - Revenue from Egypt's Suez Canal fell 0.3 per cent in the year to April, the Egyptian Information Portal showed. Revenue decreased to $433.1 million in April from $434.6 million in April 2011. Revenue ...
Centamin Gold Output in Egypt Rises, Shares up
5/9/2012 - Egypt-focused miner Centamin Plc said quarterly production at its flagship Sukari gold mine rose 9 per cent, sending its shares up as much as 4.5 per cent. Production at Sukari - the first large-scale...
Economy Minister Addresses ESCWA's 27th Session
5/9/2012 - UAE's approach for comprehensive development has become an example for countries of the region and the world at large, says Economy Minister Sultan bin Saeed Al Mansouri. Addressing the 27th Ministeri...
WB to Finance Helwan, Kom Ombo Power Plants by $ 500 mn
5/10/2012 - The World Bank (WB) is contributing to several electricity projects required for the five-year plan 2012/2017 in Egypt. This came after a meeting between the WB mission and the Chairman of the Electri...
Egypt’s Stocks Rise in Early Trading
5/10/2012 - Egypt’s stocks made small gains in early trading with the main engine EGX30 up 0.04 per cent at 5.033.76 points. The broader index EGX70 gained 0.03 per cent. Of nearly 100 stocks, more than 60 saw ga...
Multi-Lateral Trade between Egypt and Africa
5/11/2012 - Egyptian Industry and Foreign Trade Minister Mahmoud Eissa stressed, during his participation in an economic conference in Addis Ababa, the need for consolidating inter-African trade to achieve region...
Egypt, Italy Sign Cooperation Agreements
5/11/2012 - Egypt and Italy signed on 10/05/2012 three cooperation agreements worth 92 million euros that aim at supporting Egypt's development projects. The agreements were signed by Minister of Planning and Int...
African Water Ministers to Meet in Cairo
5/11/2012 - African water ministers will hold a conference in Cairo with the participation of 54 African water and energy ministers, 700 experts and a number of scientists in water, sustainable development, energ...
Dr. Al-Ganzoury Meets ENRRA Head
5/11/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, met Head of the Egyptian Nuclear and Radiological Regulatory Authority “ENRRA” Dr. Moustafa Aziz, in attendance of Vice Head of the Authority. The meeting review...
Egypt, Italy Sign $100m Debt Swap Deal
5/11/2012 - Egypt's Minster of International Co-operation and Planning Fayza Abul-Naga has signed an Egyptian-Italian agreement to swap a third tranche of debts worth $100 million, a statement from the ministry s...
Egypt and Italy have Signed an Agreement
5/12/2012 - Egypt and Italy have signed an agreement on a third trench of debts swap valued at $ 100 million. The agreement was signed in Cairo between Ms. Fayza Abu El Naga, Minister of Planning and Internationa...
Egyptian Economy Gradually Returning to Stability
5/12/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa asserted that the Egyptian economy is gradually returning to stability. Positive growth rates have been realized during the past period, he said in...

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