Rumors of the death of President Mubarak led to a decline of all shares in the Egyptian Stock Exchange

Rumors played an important role in landing the main index of the Egyptian Stock Exchange as rumors spread about the death of Egyptian President Hosni Mubarak, despite the existence of official reports confirm his recovery after surgery, the eradication of bitterness in Germany last week Msctvy It has led to a decrease in the common main stock index to 3.45% and reach the level of 6450 points, while the group in the Egyptian stock either leadership or any other Raised common in the Egyptian street about the identity of Mubarak's successor next year, and quoted a political science professor Hassan useful as saying that Egypt is experiencing a very critical moment now Hassan said that the useful questions and doubts people will be increased if it does not appear on television, President Mubarak next week, in light of his long absence now

"Dana Gas" announces new discoveries of natural gas

Dana Gas ‭ ‬ the UAE in a statement on Sunday, it made new discoveries of natural gas in Egypt, entered the company listed on the Abu Dhabi stock exchange sector of the gas exploration and production in Egypt in November 2006 when it became the sixth largest gas producer in the country through acquisition of "Centurion International," Canada's 1.15 billion Canadian dollars (1.08 billion dollars). The statement said that the first detection is located in a well "Abannsip 1" in the West Manzala concession to the production of ten million cubic feet of dry gas per day, and added that the volume of recoverable reserves of between eight billion and 13 billion cubic feet, according to preliminary estimates. The second discovery is located in a well "South Varaschor 1" in the West Manzala concession, too, the statement said that the productivity of the well of approximately 16.3 million cubic feet of gas and condensate per day, while an estimated recoverable reserves at between 27 billion and 57 billion cubic feet of gas and associated condensate, The statement added that it is expected to link the new discoveries treatment facilities in the neighboring Wastani end of this year. Raver, "said Ahmed, chief executive of Dana Gas in the statement that the company has eight gas discoveries in Egypt from 12 exploration wells during the last year. He added that the findings "resulted in an increase of 40 per cent rise in the volume of proven reserves and potential of the company in Egypt, up to 132 million barrels of oil equivalent at year's end (past)." The statement said that the company started production from a field west of Kantara in the Nile Delta Sama field, which went into production in February, before the scheduled five weeks, did not elaborate production from the field. Egypt has the third largest natural gas reserves in Africa after Algeria and Nigeria at 1.89 trillion cubic meters.

Ezz Steel prices for the month of March

Ezz Steel announced, the largest company to produce iron in Egypt and the Middle East steel prices for the month of March, ranging from 3350 pounds to 3470 pounds per ton for the consumer, by geographical location, and about 3280 pounds per ton Ex-factory The workers said that the steel sector to install a Glory to prices caused great confusion in the case for the rest of the local steel mills, and deepen the crisis, which entered the factories for several months, sales fell to approximately 95 thousand tons, while annual production of these companies according to their more 300 thousand tons per month The sales reached Ezz last month registered about 217 thousand tons, compared to import about 100 thousand tons in the same month seem to be in competition with imported steel, especially Turkish, will continue to serve as a pressure on local businesses, especially small not to raise prices during the coming period , which increases the demands the government to take preventive measures to the domestic industry in the face of this competition