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Contract Signed for AED1.1b Gyathi Residential Complex
United Arab Emirates >> 8/6/2012 - H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in the Western Region attended this evening at Al Nakheel Palace a ceremony to sign contract for development of a residential complex for...
Egypt Stocks Rise 0.5 pct Despite Sinai Anxieties
Egypt >> 8/7/2012 - Egypt's stocks rebounded from its drop the day earlier following Sunday's Sinai border attack, with the benchmark EGX30 index rising by 0.5 per cent to end the day at 5,049.51 points. A military funer...
Egypt Foreign Reserves Slip to $14.42 Billion in July
Egypt >> 8/7/2012 - Egypt's foreign currency reserves have resumed their steep decline, falling to $14.42 billion in July from $15.53 billion in June, according to figures from the central bank. Reserves saw a mild climb...
Telecom Egypt Says Q2 Net Profit Drops 25%
Egypt >> 8/8/2012 - Landline monopoly Telecom Egypt reported a 25 per cent drop in second-quarter net income, pushed lower by weaker revenue and employee demands for higher pay since the country's president was overthrow...
Monetary Reserves Drop Reaching $ 14.4 bn at End of July
Egypt >> 8/8/2012 - The Central Bank of Egypt (CBE) said that monetary reserves dropped once again by $1.1 billion to reach $ 14.4 billion at the end of July. This was 7% less than in June when reserves were recorded at ...
ESE Indexes Show Varied Performance
Egypt >> 8/8/2012 - The Egyptian Exchange Stock (ESE) showed varied performance at closing on 7/8/2012 affected by the current gained around one billion pounds events in Egypt. The EGX 30 benchmark index edged up % 0.55 ...
Egypt Stocks Slip 0.7 pct
Egypt >> 8/9/2012 - Egyptian stocks are seeing sluggish trade, the benchmark EGX30 down 0.8 per cent at 4,953.7 per cent after a power cut forced a delay in opening. The broader EGX70 is also trading down 0.7 per cent. A...
364 & 182-Day T-Bills Auctioned at EGP 5.5 Billion
Egypt >> 8/10/2012 - The Finance Ministry auctioned 182-day and 364-day treasury bills at a total value of 5.5 billion pounds. In an online statement, the ministry said the average yield on the 182-day T-bills was 15.29%,...
Suez Canal Revenues Hit $433m in July
Egypt >> 8/12/2012 - The Suez Canal generated revenues of $433 million in July as 1,465 ships transited the Egyptian waterway. "July 24 saw the highest daily revenues, up to $17.1 million, while July 31 saw the largest nu...
DED Sees 17 % Increase in Trade Licenses Issued in Q2 2012
United Arab Emirates >> 8/13/2012 - The total number of trade licenses issued by the Dubai Department of Economic Department (DED) during the second quarter of 2012 reached 4,499, a 17 per cent increase from the 3,859 licenses issued ov...
Egypt Bourse up After News of Qatari Deposit with CBE
Egypt >> 8/13/2012 - The Egyptian stock market was slightly up on 12/8/2012, the first trading day of the week after good news of Qatar's depositing $2 billion with the Central Bank of Egypt to support the Egyptian econom...
Egypt: Increasing per Capita Income to EGP 19,400
Egypt >> 8/14/2012 - The economic and social development plan for the fiscal year 2012/2013 has started with 16.5 percent more than that of the year 2011/2012 which was EGP 237 billion. The present economic and social dev...
Egyptian Stock Exchange Gains LE 3.5 Billion
United Arab Emirates >> 8/14/2012 - The Egyptian Stock Exchange gained LE 3.5 billion at the close of trading on 13/8/2012, pushed by investors' optimism with President Mohamed Morsi's decisions to revoke the complementary constitutiona...
IFC Takes $190 mln Stake in Moroccan Bank BCP
Morocco >> 8/18/2012 - Banque Centrale Populaire, Morocco's second-biggest lender by market value and which needs funds for an expansion plan, is to sell a 5 per cent stake to the International Finance Corporation for 1.74 ...
FEWA Implements AED10b Projects Nationwide
United Arab Emirates >> 8/21/2012 - Electricity and water projects nationwide worth up to AED10 billion are being implemented now by the Federal Electricity '&' Water Authority of the UAE (FEWA) to meet increasing demand, Director Gener...
Morocco's Annual Inflation Eases to 1.7 pct in July
Morocco >> 8/22/2012 - Morocco's consumer price inflation eased to an annual 1.7 per cent in July from 1.9 per cent in June, the country's planning authority said on Wednesday. Food prices clocked a 3.1 per cent increase, t...
Egyptian Stock Exchange Down 0.33%
Egypt >> 8/23/2012 - The Egyptian Stock Exchange (ESE) showed on 22/8/2012 mixed performance in anticipation of the outcome of negotiations with the International Monetary Fund on a 4.8-billion-dollar loan. The main bench...
Egyptian Exchange Gains EGP 4.5 Billion
Egypt >> 8/25/2012 - The Egyptian Exchange went up for the second week in a row due to Egyptians' purchases and gained EGP 4.6 billion in a week. The main benchmark EGX 30 index rose by 1.01 percent to 5,216 points. The b...
Revenues of Telecommunications in Egypt Hit EGP 13bn
Egypt >> 8/25/2012 - Minister of Telecommunications Hani Mahmoud said on 24/08/2012 that the revenues of the telecommunications sector in Egypt hit EGP 13 billion during the first quarter of fiscal year 2011/2012. The sam...
Egyptian Exchange Gains EGP2.3bn
Egypt >> 8/27/2012 - The Egyptian Exchange continued its upward trend to end trading on 26/8/2012 up amid cautious optimism over the country's economy, with the EGX 30 benchmark index gaining 0.51 per cent to close at 5,2...

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