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DGCX Announced an Extension of its Trading Hours
United Arab Emirates >> 5/31/2012 - The Dubai Gold and Commodities Exchange (DGCX) announced an extension of its trading hours. From June 4, the Exchange will open from 07:00 (UAE time), 1 hour and 30 minutes earlier than its previous o...
Sawiris Backs Bid for Egypt's EFG-Hermes
Egypt >> 6/1/2012 - Egyptian tycoon Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG Hermes that would ensure the company is not broken up, the consortium behind the bid said on Fr...
Egyptian Stock Exchange Awaits Mubarak Verdict
Egypt >> 6/1/2012 - The Egyptian Stock Exchange continued its mixed performance until the close of this week's trading with a state of anticipation for a verdict to be handed down against former president Hosni Mubarak d...
Egyptian Investments in Ethiopia Hit USD One Billion
Egypt >> 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...
Bilateral Trade Relations between Egypt and Vietnam
Egypt >> 6/2/2012 - Bilateral foreign trade volume between Egypt and Vietnam during 2011 was put at $ 300 million. This was reported in the media quoting Ambassador Mohamed Hegazy, Assistant to the Minister of Foreign Af...
Egyptian - Turkish Industrial Cooperation
Egypt >> 6/2/2012 - An Egyptian parliamentary/business delegation arrived in the Libyan city of Benghazi on 1/6/2012 to take part in the Arab-Turkish Industrial Cooperation Conference, which kicked off on 2/6/2012. The t...
Dubai Exports Builds on Trade with South America
United Arab Emirates >> 6/2/2012 - Dubai Exports, the export promotion agency of the Department of Economic Development - Government of Dubai, is advancing its efforts to boost local exports and trade relations with various organisatio...
Meeting on EMISAL Company in Egypt
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
Egypt >> 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
Egypt >> 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
Egypt >> 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
Egypt >> 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
Egypt >> 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
Egypt >> 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...
Bread Subsidies to Hit Record High in 2012/13
Egypt >> 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...
ESE Loses LE 5.5 bn as Indexes Plunge
Egypt >> 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...
Suez Canal Tolls are Expected to Hit the $ 6 Billion Level
Egypt >> 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...
EIPICO Completed a Large Expansion Plan on 30,000 m2 Land
Egypt >> 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...
Foreign Reserves with CBE up $ 300 mn in May
Egypt >> 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
Egypt >> 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...

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