sidelines of the Euromoney Cairo 2010 : The government hopes to raise growth to 9% in two years

- Dr. Youssef Boutros Ghali and Minister of Finance, said he hoped that the estimated growth of between 8 and 9% in two years and 6% by the end of this year compared to 5.2% in 2009-2010, as predicted in remarks on the sidelines of the Euromoney Cairo 2010, which began its meetings yesterday that the falling budget deficit to 7.9% by the end of this year versus 8.3% last year.
Boutros-Ghali said at the conference, which involved money in sponsorship in the media and distributed through a special annex attached to the English-language and third in Arabic next to the Gazette that the government will focus on a number of issues during the coming period, primarily education and re-distribution of income as it plans to cut poverty in half within two years.

Ghali said in an opening speech before the first session of the conference that the importance of the global economy lies in the amount of investment pumped by investors in the Egyptian economy, noting that many investors believe that Egypt has a promising opportunities for growth may enable them to follow the example of China in the future.
For his part, Dr. Mahmoud Mohi El Din, Minister of previous investment that the investment rules and visions changed dramatically after the global financial crisis and has made the survival of the smartest able to keep pace with these changes and not stronger.

Select the Minister of Investment, the former 5 factors that must be met in any country is willing to maintain its position as the center of the global economy are summarized in improving the quality of human capital and raising the reliance on technology and promote the growth of a culture conducive to business growth next Alastqrrarin political and economic as well as the availability of the desire of the State itself in cooperation with other countries and exchange of investments and methods of information transfer.

Considered Mohiuddin what was raised in the recent past about shaking the confidence of investors in the domestic market as well as the clouds on the future vision of the local economy and its ability to attract foreign investment, something naked of health and called the application of the five criteria mentioned above to rule on Egypt's position, stressing that the perspective of an investor's long-term in the domestic market is considered stable under the political and economic stability enjoyed by the state.

In a related development, Minister of Investment said that the former despite the fact that investment in infrastructure in the local market area is still beloved for the private sector in the current period, the proportion of private sector contribution of the total port infrastructure projects does not exceed 2% compared to 25-40% countries East Asia, which led him to advocate a greater intensification of private sector participation in infrastructure projects which will be parallel with the Government's focus on investment in the same area.

Contrast the performance of stock indexes and the values of transactions recorded 14.6 billion pounds

Ended the Egyptian market trading month of Ramadan retains attribute president during this period each year, a calm in the frequency of transactions, but despite the calm during the month of Quran, but the Egyptian Stock Exchange came in second place in a list of 5 most active Arab stock markets after the Saudi market, which saw trades worth trading equivalent 8.07 billion dollars, followed by Egypt worth trading at 2.56 billion U.S. dollars.

The evolution of liquidity in the month of Ramadan, compared to the previous month
A review of the values and volumes of trades on the Stock Exchange during the month of Ramadan 1431 H (2010) and comparison with levels in the thirty days previous, we find that the values of trading during the sessions of the month of Ramadan 1431 H (2010) amounted to 14.6 billion pounds, compared to 25.88 billion was the total trading value during the last thirty days prior to the month of Ramadan that is trading value registered a monthly decline of 44%, comparing these figures Ramadan of the year 1430 (2009) we find that the decline represents the image of seasonal recurrent witnessed levels of liquidity in the Egyptian stock exchange during the month of Ramadan, compared to the previous month his values Vijamali trading bourse in the month of Ramadan 1430 AH recorded 23.3 billion pounds, while the previous month saw trades worth 33.4 billion pounds, a drop between the two periods by 30% while the percentage of decrease in value of trades in 1429 (2008 ) amounted to 14% compared to the previous month.

The evolution of the movement of the key indicators in the month of Ramadan

This was the modest levels of liquidity during the Ramadan effect on the stability witnessed by the indicators in the movement during the period not exceeding gains index EGX30 two-thirds of a percentage point after ending the trading week at 6499.63, up by 0,6%, while the index fell EGX70 by change monthly reached 2 , 57%, during the month of Ramadan in 1431, comparing these figures with the previous month for the month of Ramadan clear movement-offs, which represented a general trend of the market's performance during the month of Ramadan, compared to the previous month, which saw a rise of EGX30 index by 7.21% and the index EGX70 during the same month growth rate of 15.08%.

The Arab stock markets have seen a difference in the performance indicators during the month of Ramadan 1431 H (2010) compared to the previous month, although the trend was upward in control, but at different rates in the Saudi bourse "trading" index of the primary market increased by 0.68%, in Qatar's bourse rose index by 4,6%, in Dubai Mercantile Exchange market index rose by 6.4% In Abu Dhabi, 0.92%, while the Muscat Securities Market swam against the current president after the index lost 1,01% of its value.

Prices of all sectors of the Egyptian Exchange indicators during the day

All indications of sectors increased the Egyptian Stock Exchange during the trading session on Wednesday, September 1st, 2010.

The index of the banking sector by 1.07% to close at 1,767.48 points and the index of basic resources sector by 2.18% to close at 786.74 points and the index of the chemicals sector by 0.36% to close at 789.88 points and increased construction and building materials, rose 1.40% to close at 1,472.73 points.

On the side of the financial services sector, excluding banks, rose by 1.49% to close at 702.34 points, and record food and drink sector rise by 1.62% to close at 915.74 points and the health care sector and medicines increase of 0.31% to close at 1,341.16 points, up the services sector and industrial products and cars by 1.20 % to close at 1,616.15 points, went up household products and personal rate of 1.37% to close at 541.89 points.

Other hand, the real estate sector has recorded a rise of 1.28% to close at 1,141.51 points and the telecom sector rose 1.46% to close at 474.63 points and on the side of the leisure and entertainment, it rose by 1.41% to close at 537.93 points.
The indicators follow the performance of the sectors of banks, basic resources, chemicals, construction and building materials, food and beverages, financial services non-banking, health care, medicine, services and industrial products, vehicles, household products and personal, housing and real estate, telecommunications, tourism and recreation, so as to contribute to the assist investors in making investment decisions better.

Fall in all sectoral indices on the Egyptian Stock Exchange

Dropped all the indicators of sectors in the Egyptian Stock Exchange trading session on Sunday, August 29th, 2010 with the exception of sector, household products, personal and real estate sector.

Index was down the banking sector by 0.06% to close at 1,756.57 points, down sector index core resources fell 0.32% to close at 777.73 points and index the chemicals sector by 0.15% to close at 797.68 points and dropped the construction sector and building materials, rose 0.55% to close at 1,462.63 points.

On the side of the financial services sector, excluding banks, has dropped by 0.41% to close at 697.26 points, and record food and drink sector down 1.27% to close at 927.35 points and the health care sector and medicines down 1.43% to close at 1,329.13 points, down the service sector and industrial products, automobiles, or 0.04 % to close at 1,619.61 points, went up household products and personal by 0.56% to close at 543.63 points.

On the other hand the real estate sector has recorded a rise of 1.85% to close at 1,130.89 points and communications sector fell by 0.91% to close at 477.20 points and on the side of tourism and leisure sector was down 1.26% to close at 547.93 points.

The indicators follow the performance of the sectors of banks, basic resources, chemicals, construction and building materials, food and beverages, financial services non-banking, health care, medicine, services and industrial products, vehicles, household products and personal, housing and real estate, telecommunications, tourism and recreation, so as to contribute to the assist investors in making investment decisions better.

Egyptian Stock Exchange Index EGX August 29th

Egyptian Stock Exchange Index EGX 30 during the day Sunday, August 29th, 2010 by 0.14% to close at 6,465.08 points during the trading 56.571 million securities executed through the 15 987 Turnover was 498.968 million pounds.

While on the stocks, the medium index has fallen EGX70 about 0.04% to close at 606.35 points, the index scored 100 EGX decline of about 0.11% to close at 1,008.39 points.

Shares in the Arab Pharmaceuticals highest elevations, to close at 42.36 pounds, up 13.66%, followed by the global share of investment and development rose by 6.06% to close at 38.14 pounds.

Led the declines, while today shares the valley to export agricultural products, down by 6.54% to close at 30.44 pounds, followed by the share of Arab Land Reclamation, down 5.51% to close at 54.57 pounds.

The percentage of Egyptian transactions 86.66%, then the foreign rate of 9.65% and 3.69% by Arab and retail trades accounted for 46.05% of the total market trading volume compared to 53.94% of the trading institutions.

Indicator "EGX 30" lost 1.1% in a week

The main index retreat of the Egyptian stock exchange, "EGX 30" during the business week
Ended Thursday up 1.1 per cent or the equivalent of 92.73 points to end trading
Today at the level of 14.6333 points, compared with 06.6407 points at the close of last Thursday.

In July last rose "egx 30" by 6.4 per cent equivalent to 43.283
Points to end trading at 52.6316 points, compared with 09.6033 points, the end of June
Last Over the course of trading in 2009, rose index Egyptian Stock Exchange by 35 per
Per cent, compared with a decline by 4.56 per cent over the trading in 2008.

Indicator "EgX 30" lost 1.1% in a week

Almwhralriisi retreat of the Egyptian stock exchange, "EGX 30" during the business week
Ended Thursday up 1.1 per cent or the equivalent of 92.73 points to end trading
Today at the level of 14.6333 points, compared with 06.6407 points at the close of last Thursday.

In July last rose "egx 30" by 6.4 per cent equivalent to 43.283
Points to end trading at 52.6316 points, compared with 09.6033 points, the end of June
Last Over the course of trading in 2009, rose Almwhralriisi Egyptian Stock Exchange by 35 per
Per cent, compared with a decline by 4.56 per cent over the trading in 2008.

A fall in all sectors of the Egyptian Stock Exchange indicators during the day

Dropped all the indicators of sectors in the Egyptian Stock Exchange trading session on Wednesday, August 11th, 2010.
Index has fallen by the banking sector by 2% to close at 1,714.49 points, down basic resources sector by 1.44% to close at 770.48 points and index the chemicals sector by 1.41% to close at 779.09 points and dropped the construction sector and building materials, rose 1.09% to close at 1,488.87 points.

On the side of the financial services sector, excluding banks, has dropped by 0.86% to close at 688.92 points, and record food and drink sector down 1.55% to close at 953.53 points and the health care sector and medicines down 0.09% to close at 1,343.53 points, down the service sector and industrial products and cars by 1.15 % to close at 1,644.25 points and sector fell household products and personal, or 0.57% to close at 544.20 points.

On the other hand the real estate sector down 1.37% to close at 1,124.64 points and communications sector fell by 0.99% to close at 458.17 points and on the side of tourism and leisure sector was down 2.38% to close at 570.67 points.
The indicators follow the performance of the sectors of banks, basic resources, chemicals,

construction and building materials, food and beverages, financial services non-banking, health care, medicine, services and industrial products, vehicles, household products and personal, housing and real estate, telecommunications, tourism and recreation, so as to contribute to the assist investors in making investment decisions better.

Foreign purchases paid stock indexes rise

Saw the Egyptian Stock Exchange trading session yesterday as foreign investors continued to buy and strongly on the leading stocks and large net purchase of investigators reached 33 million pounds, which shares in the high majority of the market indices.

With the main index of the Stock Exchange EgX1, 5730%, to close achieving 6407 points and is close to crossing the 6500, which analysts expect that there will be considerable resistance at this barrier and if it can go beyond indicators Sishdv then 7200 points, which was hope for the majority of traders in the market, and prices of session witnessed 90 shares at one time, while prices fell 84 per share of the total 184 shares has been the trading and, most stocks that saw a decline of the shares of small and medium as a result of the direction of policy holders to sell and speculation,

prices have gone up significantly over the last few days in the hope of re-buy them again at a lower price to reap a quick profit and effective, which was evident in the dealings of the Egyptians and the institutions that dominated the transactions of sales, reaching net sales of Egyptians, 18 million pounds Net sales amounted to institutions only 6 million pounds amid active trading almost one billion pounds to hit 830 million pounds, while the volume of shares traded 131 million shares executed on a 43 thousand transactions.

Customs exemption for 47% of exports after the trade agreement with the "Mercosur"

In a grand gathering witnessed by the heads and representatives of 7 countries of Latin America "Brazil, Argentina, Uruguay and Paraguay, and Chile, Bolivia, Colombia," Egypt signed yesterday evening, the first free trade agreement with MERCOSUR which includes Brazil, Argentina, Uruguay and Paraguay as core members in addition to Chile, Bolivia, Colombia, Peru and Ecuador as observers. 

The agreement was signed on the Egyptian side Rashid Mohamed Rashid, Minister of Trade and Industry, who said that the agreement will provide greater opportunities for the Egyptian exports to COMESA countries will be free trade between the parties during the period of 10 years. He added that about 47% of Egyptian exports to the current assembly will be granted exemption from customs duties immediately upon entry into force of the agreement include the sectors of chemicals, engineering goods and textiles.

He said the agreement would provide agricultural commodities that are currently imported at a better price for the consumer to the Egyptian side to attract more investment by the countries of Egypt, where assembly to ensure the agreement to strengthen cooperation in investment and technology transfer between the two sides.

The summit of Mercosur began its work yesterday under the chairmanship of Mrs. Cristina Kirchner, Argentine President preparatory meeting of Foreign Ministers and the participation of the presidents of Brazil, Argentina, Uruguay and Paraguay, Chile, Bolivia and Colombia.

Egyptian Stock Exchange Index EGX 4 - 8

Egyptian Stock Exchange Index EGX 30 during the day Wednesday, August 4th, 2010 by 0.15% to close at 6307.83 points during the trading 107.679 million securities executed through the 33 260 Turnover was 1.91779 million billion pounds.

While on the stocks, the medium index has fallen EGX70 about 0.78% to close at 605.12 points, the index scored 100 EGX decline of about 0.50% to close at 999.00 points.

Shares in Suez Canal Bank, the highest elevations, to close at 8.53 pounds, up 7.43%, followed by shares Paper Middle East - Simo rose by 6.66% to close at 10.57 pounds.

While today shares led declines by the Egyptian National Bank, down 4.63% to close at 23.46 pounds, followed by shares Extracted Oils, down 4.22% to close at 1.59 pounds.

The percentage of Egyptian transactions 87.45%, then the foreign rate of 11.01% and 1.54% by Arab and retail trades accounted for 19.06% of the total market trading volume compared to 80.93% of the trading institutions.

Diverse performance indicators sectors during the day

Diverse performance indicators sectors Egyptian Stock Exchange during the trading session on Tuesday, August 3rd, 2010.

The index of banking sector increased by 0.62% to close at 1,743.07 points, down basic resources sector by 0.72% to close at 764.93 points and index the chemicals sector by 0.01% to close at 767.88 points and increased construction and building materials, rose 1.08% to close at 1,447.07 points.

On the side of the financial services sector, excluding banks, rose by 0.48% to close at 678.38 points, and record food and drink sector rise by 1.84% to close at 937.36 points and the health care sector and medicines increase of 0.29% to close at 1,345.36 points, down the service sector and industrial products, automobiles, or 0.24 % to close at 1,641.09 points, went up household products and personal rate of 1.39% to close at 556.94 points.

Egyptian Stock Exchange index 3 - 8

Egyptian Stock Exchange index rose EGX 30 during the day Tuesday, August 3rd 2010 by 0.18% to close at 6317.35 points during the trading 151.122 million securities executed through the 46 875 Turnover was 1.11546 million billion pounds.

While on the stocks, the medium index has fallen EGX70 about 0.08% to close at 609.90 points, the index scored 100 EGX rise of about 0.14% to close at 1,004.00 points.

Shares in public for the products of Chinese ceramics and the highest elevations, to close at 4.04 pounds, up 7.16% was followed by the Egyptian poultry rose by 7.09% to close at 4.08 pounds.

While today shares led the declines Group Jl. Mother. C for industrial investments and financial business, down by 5.80% to close at 6.50 pounds, followed by Saudi-Egyptian shares of investment and finance, down 4.59% to close at 81.08 pounds.

The percentage of Egyptian transactions 78.79%, then the foreign rate of 17.15% and 4.07% by Arab and retail trades accounted for 50.55% of the total market trading volume compared to 49.44% of the trading institutions.

883 billion pounds in deposits of the banking system

Total deposits at the banking system "other than the Central Bank" about 883 billion pounds, up, up about 5.8% lower than in May last year, where the monthly report to the Council of Ministers Information Center, said net international reserves, the end of June 2010 amounted to about 2.35 billion, up about 5.12% from its level during the corresponding month of previous year.

Dr. Majid Othman, head of the Council of Ministers Information Center: The Suez Canal revenues hit in June 2010 about 7.383 million dollars, up about 2.10% above the corresponding month of previous year's total electricity generation during the same month, about 9.12732 million m. And. Q up about 3.7% lower than the corresponding month of previous year.

He said revenue passenger transport by rail about 868 million pounds during the period, "July 2009 June 2010" high by about 7.2% from its level during the corresponding period of previous year, and revenues of the carriage of goods by rail about 6.274 million pounds during the the period from July 2009 to June 2010 high of about 7.22% from its level during the corresponding period of previous year.

Decline in all indicators of the sectors except sector index household products and personal

Dropped all the indicators of sectors in the Egyptian Stock Exchange trading session on Monday, August 2, 2010 with the exception of sector index household products and personal recorded the only rise.

The Index of the banking sector by 3.05% to close at 1,732.25 points, down basic resources sector by 0.69% to close at 770.50 points and index the chemicals sector rose 0.71% to close at 767.93 points and dropped the construction sector and building materials, rose 0.21% to close at 1,431.65 points.

On the side of the financial services sector, excluding banks, has dropped by 0.89% to close at 675.15 points, and record food and drink sector down 0.38% to close at 920.39 points and the health care sector and medicines down 0.06% to close at 1,341.51 points, down the service sector and industrial products, automobiles, or 0.23 % to close at 1,645.00 points, went up household products and personal, or 0.08% to close at 549.28 points.

On the other hand the real estate sector down 0.94% to close at 1,112.51 points and communications sector fell by 0.01% to close at 463.65 points and on the side of tourism and leisure sector was down 1.27% to close at 567.87 points.

The indicators follow the performance of the sectors of banks, basic resources, chemicals, construction and building materials, food and beverages, financial services non-banking, healthcare, medicine, services and industrial products, vehicles, household products and personal, housing and real estate, telecommunications, tourism and recreation, so as to contribute to the assist investors in making investment decisions, the better.