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Economics/Financial Analysis News

Egypt Economy Grew 1.8 pct in 2011/12
Egypt >> 7/14/2012 - Egypt's economy grew between 1.8 and 2 per cent in the fiscal year that ended in June 2012, the country's finance minister said late last week. The preliminary figures for GDP growth cited by Momtaz E...
US to Give Egypt $250m in Trade
Egypt >> 7/14/2012 - The United States is to grant Egypt $250 million in credit guarantees for trade, Hillary Clinton has told a Cairo press conference.

Clinton also announced the founding of a $60 million inve...
Egyptian Exchange loses EGP 8.2 Billion this Week
Egypt >> 7/14/2012 - The Egyptian Exchange closed this week with losses amounting to EGP 8.2 billion despite gains achieved in the last three sessions but were not enough to cover up the losses of the first two days cause...
RAK Ruler Inspects Development Projects in the Emirate
United Arab Emirates >> 7/15/2012 - UAE Supreme Council Member and Ruler of Ras Al Khaimah HH Sheikh Saud Bin Saqr Al Qasimi has given directives to the officials to speed up the implementation of development projects currently underway...
The Egyptian Exchange Loses EGP5.5bn
Egypt >> 7/16/2012 - The Egyptian Exchange lost EGP5.5 billion on 15/7/2012 as stock speculators carried out wide share selling operations in a move to pressure other investors to sell after rises in shares have been reco...
Hundreds Protest in Suez to Pressure Saudi-Owned Company
Egypt >> 7/16/2012 - Hundreds of workers of the United Sugar Company (USCE) protested at the Saudi Arabian consulate in Suez Governorate to press their demands for extra pay. Around 350 staff from USCE, which is majority-...
Egypt to Offer LE2bn in 5 & 10-Year Bonds
Egypt >> 7/16/2012 - Egypt's Finance Ministry will offer LE2 billion ($329.85 million) in reopened five-year and ten-year bonds at an auction, the central bank said on Monday. The five-year bonds mature on 10 April, 2017,...
Egypt the Industrial Sector Loans Rose by EGP 1.6 Billion
Egypt >> 7/17/2012 - Egypt's central bank has said financing from banks to the country's industrial sector rose by EGP1.6 bn to a total of EGP 155bn in April 2012, compared with EGP 153.4bn in the previous month, the Dail...
No Backtracking on Carrying out Dabaa Nuclear Project
Egypt >> 7/17/2012 - Electricity Minister Hassan Younis affirmed that Egypt will never backtrack from carrying out Egypt’s nuclear program that aims at establishing the first nuclear power station in Dabaa area to produce...
Egypt Secured a 300 Million Riyal Loan from Saudia Arabia
Egypt >> 7/18/2012 - Egypt secured a 300 million riyal ($80 million) loan from the Saudi Fund for Development to refurbish and replace irrigation pumps, the state-run Middle East News Agency reported, citing Irrigation Mi...
Private Funds give 20 Percent of Revenues to State Budget
Egypt >> 7/18/2012 - Egypt's Finance Minister Momtaz El-Saeed has ordered that 20 percent of revenues from the country's 'private funds' be added to the state budget. Private funds are monies raised by Egyptian state inst...
Egypt-US Enterprise Fund with $ 60 mn Established
Egypt >> 7/18/2012 - The US Embassy in Cairo said that Egypt-US Enterprise Fund that US Secretary of State Hillary Clinton had announced to be established officially next month, will commence activities as of September. C...
ESE Gains LE 3 billion
Egypt >> 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...
Saudi Plans Cross-Listing for Foreign Shares
Saudi Arabia >> 7/18/2012 - Saudi Arabia plans to start cross-listing foreign companies on its stock exchange within a year, a senior stock market official said. Waleed Al-Bawardi, director of cash and markets at Tadawul, the co...
LE 98.3 bn Increase in Egypt’s Exports During 5 Years
Egypt >> 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
Egypt >> 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
Egypt >> 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
Egypt >> 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...
EMAL has Achieved another Milestone
United Arab Emirates >> 7/22/2012 - Emirates Aluminium (EMAL) has achieved another milestone: 1.5 Million tonnes of hot metal produced. This is the fastest production achievement ever witnessed in the history of the global aluminium ind...
Egypt to Offer LE3.5 bln in Reopened Bonds
Egypt >> 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...

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